Research on the Relationship Between Open Innovation Capability and Innovation Performance in Small and Medium-sized Enterprises
Yan Chen, Bingquan Fan
Abstract
Yan Chen, Bingquan Fan
Abstract
The capabilities of open innovation are classified into inventive,absorptive,transformative,connective,innovative and desorptive capabilities.The impact on innovation performance exerted by various capabilities in SMEs are tested by the structural equation model.The results indicate that inventive,absorptive,connective and innovative capabilities have positive impacts on innovation performance,while the impact of transformative and desorptive capabilities is not obvious.The trend of inbound innovation is found in the open innovation of SMEs,but these capabilities develop in an imbalanced way.Compared with internal exploration,external exploration becomes the main way of open innovation in SMEs.Internal knowledge retention and external knowledge exploitation are two disadvantages in the process of open innovation for SMEs.Connective capability plays a more important role in sales than in RD.Finally,it points out the direction of future research.
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The capabilities of open innovation are classified into inventive,absorptive,transformative,connective,innovative and desorptive capabilities.The impact on innovation performance exerted by various capabilities in SMEs are tested by the structural equation model.The results indicate that inventive,absorptive,connective and innovative capabilities have positive impacts on innovation performance,while the impact of transformative and desorptive capabilities is not obvious.The trend of inbound innovation is found in the open innovation of SMEs,but these capabilities develop in an imbalanced way.Compared with internal exploration,external exploration becomes the main way of open innovation in SMEs.Internal knowledge retention and external knowledge exploitation are two disadvantages in the process of open innovation for SMEs.Connective capability plays a more important role in sales than in RD.Finally,it points out the direction of future research.
Key concepts: Absorptive capacity, Transformative learning, Open innovation, Business, Knowledge management, Process (computing), Industrial organization, Process management