Measuring Open Innovation Practices Through Topic Modelling
The Science Direct website noted that despite the popularity of open innovation in recent years, studies examining the impact of open innovation upon firm performance have shown mixed results. The results of this study show that a firm’s overall openness level is associated with improved financial performance. More granular practices developed from
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Measuring Open Innovation Practices: How Openness Relates to Firm Performance
The Academy of Management posted a study by Henry Chesbrough and Qinli LU which employed an unsupervised learning technique (i.e. topic modelling) that utilizes natural language processing to extract information on companies’ open innovation practices from their annual reports. Their approach allows
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Business Model Innovation and Firm Performance
The Science Direct website posted a study drawing on the data from a cross-industry sample of 563 European SMEs, structural equation modelling is applied to examine how a firm’s performance is affected by innovating its business model. The findings confirm the validity of the model and contribute
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Customer Knowledge Management, Inbound Open Innovation and Firm Performance
The IOS Press website noted that open innovation is one of the most effective ways to innovate and gain a competitiveness of enterprises, and customer knowledge stands as the cornerstone in all the external sources of innovation. As a result, the management of customer knowledge is critical for the implementation
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