Open Innovation as a Value Chain for Small and Medium-Sized Enterprises

By • on April 23, 2020

The Sustainability website posted a study which noted that the concept of open innovation is currently one of the key issues regarding the innovative development of micro, small, and medium enterprises (SMEs). The research presented in this article has indicated the existence of several significant regularities in the use of open innovation. Firstly, larger entities are more likely to use the OI concept. Secondly, market determinants are the most important for the use of OI among SMEs. Thirdly, both internal and external determinants have a huge impact on the application of the OI concept, with external determinants being more significant for smaller rather than larger entities. The conclusions drawn were a consequence of the assumed aim of the article: The assessment of the influence of determinants that affect the use of the OI concept among SMEs.

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