How Do We Salvage Our SMEs?
The New Times website reported that another best strategy [to salvage SMEs] is open innovation (OI). This is an alternative strategy for SMEs to partner with another company to acquire and generate new knowledge, as well as share the risks and rewards of collaborative innovation. By turning to OI, SMEs can access resources at a lower cost and gain faster
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Open Innovation and SMEs
The Walesonline website noted that to date, most of the research studies examining open innovation have focused on large firms and how they utilize the open innovation process. As a result, very little has been done to support this concept within small to medium-sized enterprises (SMEs). This is despite
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OI Projects in SMEs: Engine for Sustainable Growth
The MDPI website posted a research study that noted that the OI paradigm considers R&D as an open system in which firms benefit from a variety of collaborative activities with external partners that enables a firm’s sustainable management. This study investigated the project-level characteristics
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A Review of Literature on Open Innovation in SMEs
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SME`s Growth and Open Innovation
The JYX website noted that the innovation process is changing from closed to open innovation processes which can enable co-innovation and collaboration in enhancement of business performance as well as job creation. However, some SMEs especially the family business still focuse on the closed innovation
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Open Innovation Day: a Showcase for Innovative Projects
The OpenAlps website reported that Open Innovation Day, an international conference organised by ARDI Rhône-Alpes, took place at the Region’s Headquarter in Lyon on June 26 within the framework of OpenAlps, an Alpine Space project which aims at introducing and implementing Open Innovation to SMEs,
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Open Innovation: The Power of Many
The Your Better Business website reports that however small your operation, Open Innovation (OI) lets you draw on knowledge, ideas, experience, technology and funding through the internet. OI involves collaborating with external partners to accelerate innovation. It’s a particularly shrewd way
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Open Innovation and SMEs
The Innocentive website posted an article noting that there has been discussion lately of the strength of SMEs (small- and medium-sized enterprises), with some clusters in and around the Alpine regions of Europe highlighted in particular. But can SMEs, who are widely considered to form the backbone
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OI: Enhance Early Collaborative Product Potential
An article on the Crowdsourcing website notes that while the original idea of open innovation has been to involve external actors throughout the innovation process, in practice it has often been interpreted as only the integration of the final customer during the idea generation. This article introduces
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Business Models Built Through Open Innovation
The exnovate.org website reports on a study by Dr. Wim Vanhaverbek that shows that open innovation can create new opportunities for all types of SME – from start-ups in high-tech markets to players in traditional markets – because they can change business models without having the required technologies