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Innovation Capability And Open Innovation And Its Impact On Performance In Smes: An Empirical Study In Chile

Author

Listed:
  • OMAR CARRASCO-CARVAJAL

    (Engineering School, Universidad Central de Chile, Chile)

  • DOMINGO GARCÍA-PÉREZ-DE-LEMA

    (Department of Economics, Accounting and Finance, Universidad Politécnica de Cartagena, Spain)

Abstract

The objective of this research is to analyse how risk-taking, commitment to learning, and innovation capability — in SMEs — can favour inbound and outbound open innovation practices, and if open innovation practices help their performance. To test the hypotheses simultaneously, partial least squares analysis (PLS-SEM) was used along with the empirical data obtained from 194 interviews with Chilean’s executives of manufacturing SMEs between 10 and 250 employees. The results obtained show that commitment to learning and risk-taking have a positive effect on innovation capability. Our study has shown how innovation capability has a significant and positive influence on inbound and outbound practices. In the field of performance, our research has verified that inbound practices have a positive influence on the performance of the SME. Finally, it shows managers the way to select open innovation practices that most benefit the strategic objectives of the SME.

Suggested Citation

  • Omar Carrasco-Carvajal & Domingo García-Pérez-De-Lema, 2021. "Innovation Capability And Open Innovation And Its Impact On Performance In Smes: An Empirical Study In Chile," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 25(04), pages 1-31, May.
    • Handle: RePEc:wsi:ijimxx:v:25:y:2021:i:04:n:s1363919621500390
    DOI: 10.1142/S1363919621500390
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    Cited by:

    1. Ana León-Gómez & José Manuel Santos-Jaén & Daniel Ruiz-Palomo & Mercedes Palacios-Manzano, 2022. "Disentangling the impact of ICT adoption on SMEs performance: the mediating roles of corporate social responsibility and innovation," Oeconomia Copernicana, Institute of Economic Research, vol. 13(3), pages 831-866, September.
    2. Dwivedi, Yogesh K. & Balakrishnan, Janarthanan & Das, Ronnie & Dutot, Vincent, 2023. "Resistance to innovation: A dynamic capability model based enquiry into retailers’ resistance to blockchain adaptation," Journal of Business Research, Elsevier, vol. 157(C).

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