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

Antonia Madrid-Guijarro (), Dominique Philippe Martin () and Domingo García-Pérez- de-Lema ()
Additional contact information
Antonia Madrid-Guijarro: Universidad Politécnica de Cartagena, Cátedra de Emprendimiento Santander-UPCT
Dominique Philippe Martin: Universités de Rennes
Domingo García-Pérez- de-Lema: Universidad Politécnica de Cartagena, Cátedra de Emprendimiento Santander-UPCT

Review of Managerial Science, 2021, vol. 15, issue 7, No 12, 2137-2164

Abstract: Abstract 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.

Keywords: Open innovation; Risk-taking; Innovation strategy; SMEs; Human capital (search for similar items in EconPapers)
JEL-codes: L20 L60 M10 O30 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

Downloads: (external link)
http://link.springer.com/10.1007/s11846-020-00419-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:rvmgts:v:15:y:2021:i:7:d:10.1007_s11846-020-00419-8

Ordering information: This journal article can be ordered from
http://www.springer.com/business/journal/11846

DOI: 10.1007/s11846-020-00419-8

Access Statistics for this article

Review of Managerial Science is currently edited by R. Ewert and W. Kürsten

More articles in Review of Managerial Science from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().