Ranking the indicators of open innovation adoption based on NPD factors

Arash Shahin and Elham Mahdian

International Journal of Business Innovation and Research, 2020, vol. 22, issue 3, 408-428

Abstract: The purpose of this study is to rank the indicators of open innovation adoption (OIA) based on new product development (NPD) factors using fuzzy TOPSIS method. The indicators of OIA include absorption capacity, dimensions of innovation, material factors, organisational factors, individual factors and environmental factors and the NPD factors include technological, marketing, supportive, intra-organisational, commercialisation, product development team and modes of innovation. Fuzzy TOPSIS method has been employed for ranking the indicators. Foolad Technic International Engineering Company (FTIEC) as a consulting company in Isfahan has been selected as the case study. Findings imply that 'environmental factors' has the first rank among the indicators of OIA.

Keywords: new product development; NPD; open innovation adoption; OIA; fuzzy TOPSIS; prioritisation; ranking. (search for similar items in EconPapers)
Date: 2020
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