Why do SMEs implement open innovation? The case of Portugal

• Main Author: Julião, Jorge
• Publication Date: 2022
• Other Authors: Ferreira, Inês, Gaspar, Marcelo
• Format: Article
• Language: eng
• Source: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
• Download full: http://hdl.handle.net/10400.14/38907
• topic: Innovation; Open innovation; Innovation implementation; Innovation drivers; Innovation benefits; SMEs

The concept of open innovation is gaining popularity in both the world of engineering and management. However, despite this growing interest, most existing studies tend to focus mainly on large companies. Thus, the purpose of this paper is to explore the drivers of the implementation of the open innovation concept in SMEs. This study uses a survey carried out through an online questionnaire that was sent to some Portuguese SMEs. The results show that there is a high level of receptivity to implement open innovation. The findings also suggest the existence of a positive relationship between the application of open innovation and the level of satisfaction with the R&D unit’s performance. Overall, SMEs seem to be more motivated to apply open innovation to improve their innovation process and capacity than to reduce costs, share innovation risks, or improve reputation. Moreover, findings also demonstrate that the main drivers for the adoption of open innovation vary along with company size. For micro-enterprises, the main driver is to complement internal skills. Small enterprises look for the most effective way to develop new products and services whilst medium-sized enterprises are mainly driven to monitor market trends and improve their innovation process.