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Open innovation in SMEs—An intermediated network model |
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| Authors: | Sungjoo Lee Jinwoo Park |
| Institution: | a Industrial & Information Systems Engineering, Ajou University, San 5, Woncheon-Dong, Youngtong-Gu, Suwon, 443-749, Republic of Korea b Techno-Economics Research Department, Technology Strategy Research Division, Electronics and Telecommunication Research Institute, 138 Gajeongon, Yuseong-gu, Daejeon, 305-700, Republic of Korea c Department of Industrial and System Engineering, Dongguk University, 3-26, Pil-dong 3ga, Chung-gu, Seoul, 100-715, Republic of Korea d Department of Industrial Engineering, Seoul National University, San 56-1, Shillim-Dong, Kwanak-Gu, Seoul, 151-742, Republic of Korea |
| Abstract: | In spite of increasing interest in open innovation, discussion about the concept and its potential application to the SME sector has been excluded from mainstream literature. However, given that the argument about the effect of firm size on the effectiveness of innovation is still ongoing, it is worth addressing the issue from an SME perspective. That is the focus of this article, which seeks, firstly, to place the concept of open innovation in the context of SMEs; secondly to suggest the input of an intermediary in facilitating innovation; and finally to report accounts of Korean SMEs’ success in working with an intermediary. The research results support the potential of open innovation for SMEs, and indicate networking as one effective way to facilitate open innovation among SMEs. |
| Keywords: | Open innovation SME Network Intermediary Case study |
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