Next Article in Journal
Farmers Perceptions of Climate Change Related Events in Shendam and Riyom, Nigeria
Previous Article in Journal
Causality in Vietnam’s Parallel Exchange Rate System during 2005–2011: Policy Implications for Macroeconomic Stability
Previous Article in Special Issue
The Selected Topics for Comparison in Visegrad Four Countries
Open AccessArticle

Open Innovation Session as a Tool Supporting Innovativeness in Strategies for High-Tech Companies in the Czech Republic

1
Department of Economics, Faculty of Informatics and Management, University of Hradec Kralove, 500 03 Hradec Kralove 3, Czech Republic
2
Malaysia-Japan International Institute of Technology (MJIIT), Universiti Teknologi Malaysia (UTM), Kuala Lumpur 54100, Malaysia
*
Author to whom correspondence should be addressed.
Economies 2018, 6(4), 69; https://doi.org/10.3390/economies6040069
Received: 25 July 2018 / Revised: 4 December 2018 / Accepted: 5 December 2018 / Published: 18 December 2018
(This article belongs to the Special Issue Economic Growth as a Consequence of the Industry 4.0 Concept)
Open innovation has developed over several decades from a small pool of innovation pioneers, mostly active in high-tech industries, to be widely discussed and implemented in innovation strategy. The primary objective of the Open Innovation Session (OIS) is to create a platform where firms are able to facilitate knowledge transfer. This paper focuses on the contribution of OIS, implemented by regional government, in formulating companies’ strategic management and to overcome barriers to innovation for high-tech companies in the South Moravian region of the Czech Republic. The methodology adopted for this paper includes monitoring and analysing the activities of this programme over seven years, followed by a quantitative study using both primary and secondary data. The primary data for the research were gathered through questionnaires, where the respondents were general managers of companies that had at least some experience of an innovation process. Secondary data were taken from the Czech Statistical Office. This paper has found that the association between an aspiration for innovation leadership and expenditure for research and development is high, further that participation in OIS led to a shift in the perception of the objectives, needs and conditions of the business and finally the major barriers to the innovation process are a lack of highly motivated people with the necessary technical and business experience. View Full-Text
Keywords: strategic management for Industry 4.0; Open Innovation Session; regional innovation strategy; South Moravian region; innovation barriers; innovation strategy strategic management for Industry 4.0; Open Innovation Session; regional innovation strategy; South Moravian region; innovation barriers; innovation strategy
Show Figures

Figure 1

MDPI and ACS Style

Matulova, P.; Maresova, P.; Tareq, M.A.; Kuča, K. Open Innovation Session as a Tool Supporting Innovativeness in Strategies for High-Tech Companies in the Czech Republic. Economies 2018, 6, 69.

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.

Article Access Map by Country/Region

1
Back to TopTop