The impact of Open Innovation Challenges on Automotive Component Manufacturers’ Competitiveness

By • on August 22, 2021

The Taylor & Francis Online website posted a study which examined the impact of open innovation strategy challenges on the competitiveness of automotive component manufacturers (ACMs) in South Africa. It addressed ACM open innovation challenges and their effect on competitiveness and the relationship between open innovation strategy and competitiveness. The results identified the challenges faced by ACMs: lack of resources, lack of dynamic capabilities and high-risk exposure, with the lack of resources being the most significant. The study’s significant implications are that ACMs should design strategic measures that mitigate the adverse spillover effects of resource deficiencies impacting dynamic capability transformation and risk mitigation.

Click here to read the abstract of the article.

Image via Flickr.

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