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Construction of an open innovation network and its mechanism design for manufacturing enterprises: a resource-based perspective

Author

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  • Haijun Wang

    (Shenyang University of Technology
    Victoria University)

  • Sardar M. N. Islam

    (Victoria University)

Abstract

Innovation is the engine of development for enterprises, and there is an increasing trend to adopt an open innovation strategy. However, how to manage external resources in an open, collaborative and complementary manner, and in a shared environment that will yield the greatest networking effects, it is a challenging task. Because there is no such a satisfactory model for an open innovation strategy that combine operational mechanisms with the management of, external resources. Thhis article tries to fill the gap by adopting a resource-based perspective to construct an overall open innovation (OOI) business model. In this model, external resources are classified as industrial and non-industrial entities, to enable the identification of the interaction methods between manufacturing enterprises and external resources. The management of external resources involved in a Technology Open Innovation (TOI) cycle is given particular attention that includes: 1) the classification of the external resources of a TOI, 2) the general mechanisms extracted to promote qualified resources in and unqualified resources out, and 3) a business model to conceptualize the collaboration between enterprises and external resources. A case study of TOI is also provided to empirically verify its feasibility. This paper contributes to the literature by providing an original operational model and mechanism design for an open innovation strategy that is capable of managing external resources effectively.

Suggested Citation

  • Haijun Wang & Sardar M. N. Islam, 2017. "Construction of an open innovation network and its mechanism design for manufacturing enterprises: a resource-based perspective," Frontiers of Business Research in China, Springer, vol. 11(1), pages 1-21, December.
    • Handle: RePEc:spr:fobric:v:11:y:2017:i:1:d:10.1186_s11782-017-0006-6
    DOI: 10.1186/s11782-017-0006-6
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    Cited by:

    1. Qian Li & Qingyun Gao & Yan Zhang & Chennan Gou, 2024. "How Can Small and Medium-Sized Manufacturing Enterprises Improve Green Innovation Performance through Innovation Ecosystems?," Sustainability, MDPI, vol. 16(6), pages 1-23, March.
    2. Obradović, Tena & Vlačić, Božidar & Dabić, Marina, 2021. "Open innovation in the manufacturing industry: A review and research agenda," Technovation, Elsevier, vol. 102(C).
    3. Asef Karimi & Haniye Rezaei & Morteza Akbari & Pantea Foroudi, 2021. "The concept of innovation network: an application of the meta-synthesis approach," Journal of Global Entrepreneurship Research, Springer;UNESCO Chair in Entrepreneurship, vol. 11(1), pages 399-419, December.
    4. Yildirim, Ercan & AR, Ilker Murat & Dabić, Marina & Baki, Birdogan & Peker, Iskender, 2022. "A multi-stage decision making model for determining a suitable innovation structure using an open innovation approach," Journal of Business Research, Elsevier, vol. 147(C), pages 379-391.

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