Capacity of open innovation activities in fostering product and process innovation in manufacturing SMEs

The purpose of this research is to study whether open innovation practices in SMEs favour technological innovations and the drivers of these. We propose a model of SME open innovation based on human capital (HC) approach and the commitment to learning with an emphasis on the risk taking and the form...

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Bibliographic Details
Published in:Review of managerial science 2021-10, Vol.15 (7), p.2137-2164
Main Authors: Madrid-Guijarro, Antonia, Martin, Dominique Philippe, García-Pérez-de-Lema, Domingo
Format: Article
Language:English
Subjects:
Accounting/Auditing
Banking
Business and Management
Business Strategy/Leadership
Economics and Finance
Employee behavior
Humanities and Social Sciences
Innovations
Marketing
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Summary:The purpose of this research is to study whether open innovation practices in SMEs favour technological innovations and the drivers of these. We propose a model of SME open innovation based on human capital (HC) approach and the commitment to learning with an emphasis on the risk taking and the formalization of an innovation strategy. The results, on a sample of 267 SMEs, show that a manager’s attitude to risk-taking and the formalization of an innovation strategy are the most important variables which promote SME open innovation. Innovation strategy formalization leverages the impact of HC and commitment to learning on open innovation, identifying an important mediating effect. Finally, open innovation activities promote product and process innovation, although this effect is greater for outbound activities. These findings have important implications for both managers and policy-makers.
ISSN:1863-6683
1863-6691
DOI:10.1007/s11846-020-00419-8