Open innovation: from technology exploitation to creation of superior performance

PurposeNowadays, to develop innovative activities in research and development units, it is desirable to rely on the concept of open innovation to take actions towards the identification of external capabilities of an organization and external knowledge acquisition. Therefore, this study aims to eval...

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Bibliographic Details
Published in:Asia Pacific journal of innovation and entrepreneurship (Online) 2019-01, Vol.13 (3), p.326-340
Main Authors: Seyed Mahmoud Zanjirchi, Jalilian, Negar, Mehrjardi, Marzieh Shahmohamadi
Format: Article
Language:English
Subjects:
Collaboration
Competition
Competitive advantage
Corporate culture
Employees
Exploitation
Innovations
Knowledge
Product development
Product life cycle
R&D
Research & development
Technology
Value creation
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Summary:PurposeNowadays, to develop innovative activities in research and development units, it is desirable to rely on the concept of open innovation to take actions towards the identification of external capabilities of an organization and external knowledge acquisition. Therefore, this study aims to evaluate the impact of external technology acquisition (ETA), external technology exploitation (ETE) and culture of innovation (IC) on open innovation (OI) using SEM approach and then examine the amount of the impact of open innovation on organizational performance (OP) and value creation (VC).Design/methodology/approachThis study was an applied survey in terms of research purpose and data collection method. The statistical population included all companies in Yazd Science and Technology Park (STP). To collect the data, 109 questionnaires were distributed. The content validity of the questionnaire was confirmed by experts’ comments, and Cronbach’s alpha coefficient was calculated equal to 0.873 for reliability.FindingsThe results indicated, ETA, ETE and IC had significant and positive effects on OI, and OI by itself had a significant and positive impact on OP and VC. However, the hypothesis of the significant and positive effect of VC on OP was rejected.Originality/valueConsidering the importance of innovative activities of companies in STPs and the role of OI in achieving the goals of idea-driven companies, the present study evaluated the effects of factors affecting the fulfillment of OI in companies based in STPs in the Yazd province of Iran.
ISSN:2071-1395
2398-7812
DOI:10.1108/APJIE-02-2019-0005