Investigating the Role of Influencers for Open Innovation and Its Impact on Sme Performance

Abstract

Purpose: The aim of this research paper is to explain the role of various influencers for execution of open innovation in SMEs. Additionally, the purpose of this plan is to investigate that how the SMEs uses open innovation and various collaborations (national and) for increasing their performance.

Methodology: Probability and Census method is used for data collection and 200 SMEs were chosen as target context. Further, SPSS and AMOSS Version (16.0) are used for testing hypothesis.

Findings: The results of this study indicates that the size & age of the firm, organisation culture and government support impact the implementation of open innovation. Further, it is viewed that the firms adopting open innovation increases their performance.

Implications: This research extends the insights about open innovation and the factors that have impact on its implementation. Further, study provides the knowledge about the strategic use of open innovation for increasing the performance of the firm. The findings of this study will help the SMEs to understand how the open innovation can be used for reducing the risk of balance for competitive advantage.