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Open innovation in an emerging economy

Author

Listed:
  • Gregory Scott
  • Ian Chaston

Abstract

Purpose - The purpose of this paper is to examine the performance of firms in Peru in relation to open innovation. Design/methodology/approach - Data were acquired through a survey of Peruvian middle and senior managers. Findings - Peruvian firms engaged in open innovation did report higher sales growth. The study indicated that involvement in open innovation included activities to reduce operating costs and improve internal processes, as well as exploiting the process to assist the development of new or improved products. Practical implications - The practical implications of this paper, although restricted to Peruvian organizations, suggest that firms operating in an emerging economy may find involvement in open innovation which is an effective strategy for enhancing organizational performance. Originality/value - The originality of the paper is the focus on open innovation in an emerging economy.

Suggested Citation

  • Gregory Scott & Ian Chaston, 2013. "Open innovation in an emerging economy," Management Research Review, Emerald Group Publishing Limited, vol. 36(10), pages 1024-1036, September.
    • Handle: RePEc:eme:mrrpps:v:36:y:2013:i:10:p:1024-1036
    DOI: 10.1108/MRR-10-2011-0224
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    Citations

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    Cited by:

    1. Patricia P. Iglesias-Sánchez & Carmen Jambrino-Maldonado & Carlos de las Heras-Pedrosa, 2019. "Training Entrepreneurial Competences with Open Innovation Paradigm in Higher Education," Sustainability, MDPI, vol. 11(17), pages 1-23, August.
    2. Franc Vidic, 2013. "Entrepreneurial Orientation (EO) and Knowledge Creation (KC)," International Journal of Business and Economic Sciences Applied Research (IJBESAR), International Hellenic University (IHU), Kavala Campus, Greece (formerly Eastern Macedonia and Thrace Institute of Technology - EMaTTech), vol. 6(2), pages 103-124, September.
    3. Costantiello, Alberto & Laureti, Lucio & De Cristoforo, Gianluca & Leogrande, Angelo, 2021. "The Innovation-Sales Growth Nexus in Europe," MPRA Paper 106858, University Library of Munich, Germany, revised 28 Mar 2021.
    4. Diana Elena Micle & Florina Deiac & Alexandru Olar & Raul Florentin Drența & Cristian Florean & Ionuț Grigore Coman & Felix Horațiu Arion, 2021. "Research on Innovative Business Plan. Smart Cattle Farming Using Artificial Intelligent Robotic Process Automation," Agriculture, MDPI, vol. 11(5), pages 1-15, May.
    5. Christian Tabi Amponsah & Samuel Adams, 2017. "Open Innovation: Systematisation Of Knowledge Exploration And Exploitation For Commercialisation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 21(03), pages 1-26, April.
    6. Bingling Wei & Di Ye & Jinghong Wei, 2019. "Emerging Economies: Institutions and Entrepreneurship in the People’s Republic of China," Journal of Entrepreneurship and Innovation in Emerging Economies, Entrepreneurship Development Institute of India, vol. 5(2), pages 233-244, July.
    7. Alex Coad & Gregory Scott, 2018. "High-growth firms in Peru," Revista Cuadernos de Economia, Universidad Nacional de Colombia, FCE, CID, vol. 37(75), pages 671-696, May.
    8. Selma Leticia Capinzaiki Ottonicar & Paloma Marin Arraiza & Fabiano Armellini, 2020. "Opening Science and Innovation: Opportunities for Emerging Economies," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 14(4), pages 95-111.
    9. Pavla Matulova & Petra Maresova & Mohammad Ali Tareq & Kamil Kuča, 2018. "Open Innovation Session as a Tool Supporting Innovativeness in Strategies for High-Tech Companies in the Czech Republic," Economies, MDPI, vol. 6(4), pages 1-13, December.
    10. Robert Stanisławski, 2020. "Open Innovation as a Value Chain for Small and Medium-Sized Enterprises: Determinants of the Use of Open Innovation," Sustainability, MDPI, vol. 12(8), pages 1-24, April.
    11. Tatjana Drangovska & Marica Antovska-Mitev, 2020. "Challenges of the National Innovation System for the Application of Open Innovation Practices in the Republic of North Macedonia," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 2, pages 92-107.
    12. Lisa-Marie Schröder & Vito Bobek & Tatjana Horvat, 2021. "Determinants of Success of Businesses of Female Entrepreneurs in Taiwan," Sustainability, MDPI, vol. 13(9), pages 1-23, April.

    More about this item

    Keywords

    Open innovation; Emerging economy;

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