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Dear Colleagues,

Information overload and dynamic business environment has been major obstacles for the efficient decision making of firms. Under these circumstances, it can be said that the firm’s insistence on only closed innovation slows down the sustainable growth of firms. Therefore, firms need to adopt an open innovation strategy in their business management. Open innovation is a business strategy for innovation by collaborating with people or organizations outside the firm and using external knowledge sources. Open innovation plays a role in making the boundaries between the firm and the environment interpenetrate. This special issue will address the several issues regarding open innovation strategies for the sustainable growth of firms. Additionally, technological innovation also drives the sustainable growth of firms. While innovation is a generic term for developing new services or products, pioneering new markets, or introducing new manufacturing processes, technological innovation only focuses on the technological aspects of services or products. It is clear that innovation is not solely driven by technology. However, it is also clear that technology plays a huge part in the innovation process of the firm. Several technological discoveries for innovation will be addressed in this special issue. The area of technology is not limited, but each case of technological progress should be closely related to the sustainable growth of firms.

The purpose of this special issue is to find various factors for the sustainable growth of firms from two perspectives: open innovation and technological progress.

The scope of our special issue is as follows:

Effect of firm capabilities and open innovation strategies on sustainable growth of firms;
Methodologies regarding data-driven decision making for sustainable growth of firms;
Novel materials, methods, and processes for technological innovation and sustainable growth of firms;
Technology convergences for sustainable growth of firms.

We are soliciting high-quality work in the form of original research articles, best practices, case studies and critical reviews. All articles should address problems and solutions that are of general interest to readers with emphasis on sustainable growth of firms.

Dr. Hun Park
Dr. Donghyeop Shin
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

open innovation strategy
technology progress
data-driven decision making
novel materials, methods and processes for sustainability
technology convergence
sustainable growth of firms

Published Papers (2 papers)

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Research

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19 pages, 532 KiB

Open AccessArticle

A Study on the Effect of Knowledge Services on Organizational Performances Based on the Concept of Balanced Scorecards for the Sustainable Growth of Firms: Evidence from South Korea

by Jae-Woong Jeong, Heon-Hwi Lee and Hun Park

Sustainability 2022, 14(19), 12610; https://doi.org/10.3390/su141912610 - 4 Oct 2022

Cited by 1 | Viewed by 1443

Abstract

This study clarified the effect of knowledge services (KSs) on organizational performances by introducing the concept of balanced scorecards (BSCs) for the sustainable growth of firms. Data were obtained from 246 firms by online survey and PLS-SEM was used as a data analysis method. Enhancement of knowledge absorptive capacity had a significantly positive effect on the improvement in decision-making quality. The improvement in decision-making quality was significantly relevant to organizational performances. Organizational performances were composed of non-financial and financial performances based on the framework of BSCs. A causal relationship between non-financial and financial performances was developed and suggested regarding non-financial performance as a leading indicator of financial performance. The perspectives of learning and growth and customers showed a statistical significance for the financial performance of firms. The customer aspect was more important than that of learning and growth when considering a relationship with financial performance. It was found that firms need to make an effort to improve their capabilities related to the perspectives of customers and learning and growth for their sustainable growth when they introduce external KSs as an open innovation strategy. Full article

(This article belongs to the Special Issue Open Innovation Strategy and Advanced Technology Discovery for Sustainable Growth of Firms)

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Review

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16 pages, 1339 KiB

Open AccessReview

Use of Artificial Intelligence in Terms of Open Innovation Process and Management

by Aleksandra Kuzior, Mariya Sira and Paulina Brożek

Sustainability 2023, 15(9), 7205; https://doi.org/10.3390/su15097205 - 26 Apr 2023

Cited by 6 | Viewed by 5097

Abstract

Organizations see open innovation as important to their future growth strategy. The increasing interest in artificial intelligence has led to a heightened interest in its potential applications in many industries. Many firms invest heavily in artificial intelligence intending to innovate their business models, though managers often lack understanding when trying to implement artificial intelligence in their operations. The data was retrieved from the Scopus database and was analyzed using the R Bibliometrix Biblioshiny and VOSviewer software. The aim of the article is to indicate the consistency in the formation of open innovation processes while applying artificial intelligence and to provide the profile of perspectives on artificial intelligence adoption in innovation management. This paper provides a deeper perception of artificial intelligence and how it can be used to drive open innovation processes and business model innovation within the use of artificial intelligence in open innovation processes and artificial intelligence in the management of open innovation. The authors discuss how recent advances in artificial intelligence have created new opportunities for increased external collaboration. The study found that the rise of artificial intelligence as a key technology for promoting openness and collaboration has ushered in a new era of achievable open innovation. Our presented findings suggest the sequence of open innovation processes powered by artificial intelligence and insights into the artificial intelligence application to innovation management. Full article

(This article belongs to the Special Issue Open Innovation Strategy and Advanced Technology Discovery for Sustainable Growth of Firms)

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