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Technological innovation typologies and open innovation in SMEs: Beyond internal and external sources of knowledge

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  • Hervas-Oliver, Jose-Luis
  • Sempere-Ripoll, Francisca
  • Boronat-Moll, Carles

Abstract

SME inbound open innovation has primarily received attention for new product development, overlooking the fact that SMEs may also pursue process or, simultaneously, product and process innovation. We posit that different technological innovation typologies (product vs process) are related to distinct search strategies. Focusing on 3,867 innovative SMEs, results indicate that inbound open innovation is not only related to internal resources of innovation but also to the type of technological innovation chosen by firms. Our results disentangle a rather more complex and comprehensive view of SME inbound open innovation that prevents the fragmentation of results. It is not just about being more or less innovative, but about how SMEs innovate differently, developing distinct internal and external activities.

Suggested Citation

  • Hervas-Oliver, Jose-Luis & Sempere-Ripoll, Francisca & Boronat-Moll, Carles, 2021. "Technological innovation typologies and open innovation in SMEs: Beyond internal and external sources of knowledge," Technological Forecasting and Social Change, Elsevier, vol. 162(C).
    • Handle: RePEc:eee:tefoso:v:162:y:2021:i:c:s0040162520311641
    DOI: 10.1016/j.techfore.2020.120338
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    More about this item

    Keywords

    Inbound open innovation; Technological innovation; Innovation strategy;
    All these keywords.

    JEL classification:

    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • M20 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - General
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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