Open AccessImplementation of Open Innovation in The Small and Medium-Size enterprise (SMEs): A Literature Review
Author(s) -
Muḥammad Farīd,
Jen-Der Day
Publication year - 2019
Publication title -
journal of physics. conference series
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.21
H-Index - 85
eISSN - 1742-6596
pISSN - 1742-6588
DOI - 10.1088/1742-6596/1244/1/012041
Subject(s) - open innovation , commercialization , business , knowledge management , small and medium sized enterprises , marketing , innovation management , computer science , finance
This study is a systematic literature review of three academic articles. It aims to investigate and explore the implementation of open innovation in SMEs. The review was conducted in three phases: (i) understanding the concept of innovation and open innovation; (ii) identifying references and (iii) exploring primary study which explains about the implementation of open innovation in SMEs. Finally, this paper examines how the concept of open innovation in SMEs is implemented in different countries. The result shows that open innovation in SMEs focus more on commercialization because marketing channels and global contacts to introduce them effectively to the market. Implementation of open innovation in SMEs has a significant impact to the company in the aspect of 1) motives and perceived challenges, 2) leadership, people, culture, and business improvement; 3) company size on the effectiveness of innovation endures.