DETERMINANTS FOR ADOPTING OPEN INNOVATION STRATEGIES IN SMEs

Rocheska, Slavica and Kostoska, Olivera and Angeleski, Marjan and Mancheski, Gjorgji (2014) DETERMINANTS FOR ADOPTING OPEN INNOVATION STRATEGIES IN SMEs. In: SMEs development and innovation : building competitive future of South-Eastern Europe, 3-4 October 2014, Ohrid, Macedonia.

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Abstract

The modern concepts go beyond traditional approaches for developing innovation based primarily on exploiting the internal R&D resources. Thus, they are increasingly promoting the use of external ideas, resources and knowledge for the firms’ innovation process. Nowadays, companies employ the concept of open innovation to search the possibilities for generating innovation impulses and improving the innovation performance. This is of particular importance for SMEs having limited innovation capacities to improve their innovation performance and to successfully respond the challenges emerging from dynamically changing competitive environment. Hence, the paper aims at: a) providing a review of the current research relating to the concept of open innovation and SMEs; b) identifying the main determinants to implement the open innovation strategies as a major prerequisite for improving the innovation performance of SMEs.

Item Type: Conference or Workshop Item (Paper)
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 23 Jun 2016 06:18
Last Modified: 23 Jun 2016 06:18
URI: http://eprints.uklo.edu.mk/id/eprint/133

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