Next Article in Journal
Reuse Intention of Third-Party Online Payments: A Focus on the Sustainable Factors of Alipay
Previous Article in Journal
Analytical Business Model for Sustainable Distributed Retail Enterprises in a Competitive Market
Article Menu

Export Article

Open AccessArticle
Sustainability 2016, 8(2), 146; doi:10.3390/su8020146

Open Innovation Projects in SMEs as an Engine for Sustainable Growth

1
Department of Industrial and Systems Engineering, Dongguk University, Pil-dong, 3 ga, Joong-gu, Seoul 04620, Korea
2
Department of Systems Engineering Management, Sungkyunkwan University, 2066, Seobu-ro, Jangan-gu, Suwon 16419, Korea
3
Department of Industrial Engineering, Ajou University, Wonchen-dong, Youngtong-gu, Suwon 16499, Korea
*
Author to whom correspondence should be addressed.
Academic Editor: Giuseppe Ioppolo
Received: 18 November 2015 / Revised: 24 January 2016 / Accepted: 26 January 2016 / Published: 4 February 2016
(This article belongs to the Section Economic, Business and Management Aspects of Sustainability)
View Full-Text   |   Download PDF [973 KB, uploaded 4 February 2016]   |  

Abstract

Most innovation activities that are inevitable for sustainable growth are coordinated via research and development (R&D) projects, which can differ widely in terms of both project and open innovation characteristics, even when conducted within the same firm. Therefore, it is important to consider the peculiarities of R&D projects when evaluating the performance of open innovation strategies, as well as to explore how the benefits and costs of open innovation are shaped by cross-level interactions. This study identifies the differences between successful and unsuccessful open innovation projects, in both firm-level and project-level terms. We focus on small and medium enterprises (SMEs), which usually lack the full set of internal resources and competences required to effectively develop, produce, and commercialize their innovations, and thus must adopt open innovation approaches more actively for sustainability. Adopting an empirical approach, we conducted a survey of 517 Korean SMEs and analyzed 241 successful and unsuccessful open innovation projects in depth. By combining measurements at the firm and project levels, this study provides new insight into the intra-organizational challenges of implementing open innovation projects, which are not only helpful to strategic decision-makers in SMEs, but also to those who make policies for them. View Full-Text
Keywords: open innovation; comparative analysis; multi-level analysis; SME; project; sustainable growth open innovation; comparative analysis; multi-level analysis; SME; project; sustainable growth
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (CC BY 4.0).

Scifeed alert for new publications

Never miss any articles matching your research from any publisher
  • Get alerts for new papers matching your research
  • Find out the new papers from selected authors
  • Updated daily for 49'000+ journals and 6000+ publishers
  • Define your Scifeed now

SciFeed Share & Cite This Article

MDPI and ACS Style

Yoon, B.; Shin, J.; Lee, S. Open Innovation Projects in SMEs as an Engine for Sustainable Growth. Sustainability 2016, 8, 146.

Show more citation formats Show less citations formats

Note that from the first issue of 2016, MDPI journals use article numbers instead of page numbers. See further details here.

Related Articles

Article Metrics

Article Access Statistics

1

Comments

[Return to top]
Sustainability EISSN 2071-1050 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
Back to Top