The Effect of Open Innovation on Firm Performance: Research Gaps (original) (raw)

Abstract

Open innovation can be considered as the critical branch of innovation management. It is an emerging field of research that is important for achieving sustainable competitive advantages through enhancing firm performance. This study aims to identify the research gaps in the effect of open innovation and firm performance based on the systematic literature review process. Depending on the systematic approach current study expects to find out research gaps and it targets to develop a conceptual framework to minimize the identified research gaps in the effect of open innovation and firm performance for future empirical investigations. An extensive literature review was implemented to achieve the research objectives through the adaptation of the desk research strategy. The systematic literature review process explored the effect of open innovation and firm performance was not entirely positive. Further, it discovered the three research gaps between open innovation and firm performance ma...

Loading...

Loading Preview

Sorry, preview is currently unavailable. You can download the paper by clicking the button above.

References (17)

  1. Acs, Z. J., Szerb, L., Lafuente, E., & Markus, G. (2019). The Global Entrepreneurship Index.
  2. Washington, D.C., USA: The Global Entrepreneurship and Development Institute. for creating and profiting from technology. McGraw-Hill, Maidenhead, Boston, Mass: Harvard Business School .
  3. Chesbrough, H. W., & Crowther, A. K. (2006). Beyond high tech: Early adopters of open innovation in other industries. R&D Manag, 229-236.
  4. Cornell University, INSEAD, & WIPO. (2019). The Global Innovation index 2019: Creating Healthy Lives-The Future of Medical Innovation. Geneva: Ithaca, Fontainebleau.
  5. Dekkers, R., Koukou, M. I., Mitchell, S., & Sinclair, S. (2019). Engaging with open innovation" a scottish perspective on its oppertunities, challenges and risks. Journal of Innovation Economics, 193.
  6. Department of Census and Statistics. (2019). Department of Census and Statistics Publication 2019. Colombo: Department of Census and Statistics.
  7. Dilrukshi, M., Wickramasinghe, C. N., & Edirisinghe, S. D. (2022). Impact of open innovation on firm performance: A literature Review. South Asian Journal of Business Insights, 51-72.
  8. Enkel, E., Gassmann, O., & Chesbrough, H. (2009). Open R&D and open innovation: exploring the phenomenon. R&D Management, 311-316.
  9. Expósito, A., Serrano, J. F., & Liñán, F. (2019). The impact of open innovation on SMEs' innovation outcomes. Journal of Organizational Change Management, 558-577.
  10. Ferreras-Mendez, J. L., Fernandez- Mesa, A., & Alegre, J. (2016). The relationship betweenknowledge search strategies and absorptive capacity: A deeper look. Technovation, 48-61.
  11. Ferreras-Mendeza, J. L., Newell, S., Fernandez-Mesa, A., & Alegre, J. (2015). Depth and breadth of external knowledge search and performance: the mediating role of absorptive capacity. Industrial Marketing Management, 86-97.
  12. Flor, L. M., Cooper, S. Y., & Oltra, M. J. (2017). External knowledge search, absorptive capacity and radical innovation in high technology firms. European Management Journal, 1-12.
  13. George, A. H., George, A. S., & Baskar, T. (2022). Sri Lanka's economic crisis: A brief overview. Partners Universal International Research Journal, 9-19.
  14. Greco, M., Grimaldi, M., & Cricelli, L. (2015). Open innovation actions and innovation performance: A literature review of European empirical evidence. European Journal of Innovation Management, 150-171.
  15. Greco, M., Grimaldi, M., & Cricelli, L. (2016). An analysis of the open innovation effect on firm performance. European Management Journal, 1-16.
  16. Hinteregger, C., Durst, S., Temel, S., & Yesilay, R. B. (2019). The impact of openess on innovation in SME's. International Journal of Innovation Management.
  17. Hou, B., Hong, J., & Zhu, R. (2019). Exploration/exploitation innovation and firm performance: