Measuring SMEs’ Propensity for Open Innovation

The IEEExplore website posted a new study which noted that open innovation (OI) has captured increasing interest over recent decades as this approach is linked to higher level organizational ambidextrous strategy, and has become a prerequisite for achieving competitive advantages. Assessing firms’ propensity for OI has, however, turned out to be an increasingly challenging endeavor. This is particularly true for small and medium-sized enterprises (SMEs) due to the myriad of factors that influence these companies’ capability for innovation. To overcome this challenge, this paper sought to integrate two operational research/management science techniques to identify and prioritize relevant criteria for evaluating SMEs’ propensity for OI, and improving their organizational ambidexterity.

Click here to read the full abstract.

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