Proceedings of the 2016 International Conference on Engineering and Technology Innovations

Adopting Open Innovation Strategy to Empower SMEs in Developing Countries

Authors
Hailekiros Sibhato Gebremichael, Renyong Hou, Qian Sun
Corresponding Author
Hailekiros Sibhato Gebremichael
Available Online March 2016.
DOI
https://doi.org/10.2991/iceti-16.2016.16How to use a DOI?
Keywords
Open innovation, adoption, collaboration, SMEs, developing countries
Abstract
Recently open innovation practice in SMEs has received an extensive attention in the scientific research, management and government. Nonetheless, most previous studies were contextualized to firm's capabilities and quality of the external knowledge infrastructures from the advanced countries. Studies on the practices of open innovation in SMEs from developing countries are scant. Researching the practice and benefit of OI strategy with regard to the actual capabilities of SMEs and the actual technological and knowledge infrastructures is imperative. This paper explores how open innovation strategy could be adopted to accelerate the technological learning and performance of SMEs in developing countries. It examined the practices and trends and searched contextual framework for adopting open innovation practice of SMEs in developing countries. The paper shows that establishing synergetic relationship oriented towards the jointly and individually creation, diffusion and usage of knowledge is critical to boost the SMEs' learning capability and performance in developing countries
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This is an open access article distributed under the CC BY-NC license.

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Proceedings
2016 International Conference on Engineering and Technology Innovations
Part of series
Advances in Engineering Research
Publication Date
March 2016
ISBN
978-94-6252-170-4
DOI
https://doi.org/10.2991/iceti-16.2016.16How to use a DOI?
Open Access
This is an open access article distributed under the CC BY-NC license.

Cite this article

TY  - CONF
AU  - Hailekiros Sibhato Gebremichael
AU  - Renyong Hou
AU  - Qian Sun
PY  - 2016/03
DA  - 2016/03
TI  - Adopting Open Innovation Strategy to Empower SMEs in Developing Countries
BT  - 2016 International Conference on Engineering and Technology Innovations
PB  - Atlantis Press
UR  - https://doi.org/10.2991/iceti-16.2016.16
DO  - https://doi.org/10.2991/iceti-16.2016.16
ID  - Gebremichael2016/03
ER  -