This study examined how open innovation affects an organization’s ability to innovate, in particular small and medium-sized enterprises (SMEs). The research literature showed that open innovation methods provide organizations with the ability to increase their market share. There is a lack in research on types of failures and the lessons learned from them when conducting open innovation. This makes it even more challenging for SMEs to decide if they should utilize open innovation processes as they are. This research fills a gap in the existing literature through a quantitative nonexperimental correlational research. The research tests the stakeholder theory to the examine what factors hinder the adoption of open innovation processes by measuring the internal, external, and alliance variables. The study utilizes a quantitative methodology based on a nonexperimental, correlational design. This study investigated internal, external, and alliance factors that hinder open innovation adoption within SMEs. The target population for the research are individuals who are responsible for innovations (small business owners, R&D managers, or staff managing new business development activities). These individuals have been a part of their organization for at least three years. The data is analyzed using PLS-SEM, which utilizes predictive measures to forecast a variable based on the values from other variables. PLS-SEM is appropriate to use for this research as it is flexible and robust, and it helps find optimum solutions based on the total variance while it can also minimize the unexplained variance in the dependent variable. All three of the constructs showed a positive predictive value toward the dependent construct, though only one, internal, showcased a statistically significant relationship.
|Commitee:||Witteman, Pamelyn, Curtis, Richard|
|Department:||School of Business, Technology and Health Administration|
|School Location:||United States -- Minnesota|
|Source:||DAI-A 82/9(E), Dissertation Abstracts International|
|Keywords:||Open innovation, Inbound processes, Outbound processes, Coupled processes, Small and Medium-sized Enterprises|
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