Open innovation model in the knowledge intensive business services in the Slovak Republic

Dana Benešová (), Viera Kubičková () and Miroslava Prváková ()
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Dana Benešová: University of Economics in Bratislava, Slovakia
Viera Kubičková: University of Economics in Bratislava, Slovakia
Miroslava Prváková: University of Economics in Bratislava, Slovakia

Entrepreneurship and Sustainability Issues, 2020, vol. 8, issue 2, 1340-1358

Abstract: Innovation and its management has been a current challenge for companies in the knowledge economy. Open innovation is a system that creates and uses synergies from sharing and collaboration. The digital economy and society support the emergence and functioning of open innovation systems. In the Slovak Republic´s environment, the management of innovations through an open mechanism is a perspective for the development of knowledge intensive business services (KIBS). These services are an important link in the value chain of the Slovak economy focused primarily on the automotive industry. The article deals with the creation of a model of open innovation in the environment of KIBS production in the Slovak Republic. Its elements and their classification are based on the results of the primary survey carried out by the Delphi method. The importance of individual elements thus reflects the priorities of innovation management of KIBS companies in the Slovak Republic. In the current theory, we do not find a model with these specifications. The presented model thus represents an original result supported by the primary research in a specific environment. The construction of the model identifies three building components of the open innovation mechanism: preparation and planning, implementation, evaluation of outputs and a value creation. They are complemented by factors, risks and effects. The model provides the possibility of measurement at the level of inputs and outputs.

Keywords: open innovation; model; knowledge intensive business services; Slovak Republic (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:ssi:jouesi:v:8:y:2020:i:2:p:1340-1358

DOI: 10.9770/jesi.2020.8.2(79)

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