Open innovation in SMEs: A Process View Towards Business Model Innovation

By • on August 30, 2021

The Journal of Small Business Management posted a study which noted that to be competitive, small and medium-sized enterprises (SMEs) need to transform their business models. To overcome the liability of smallness, SMEs often need to collaborate with external partners—implement open innovation. The complex processes behind business model transformation and open innovation combined remain unexplored. Linking the literature on business model innovation, open innovation, and SMEs, we examine how open business models can be a solution for SMEs.

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