Open innovation through virtual business network: Perspective from small and medium enterprise

Ahm Shamsuzzoha, Mahmood Al Kindi, Mohammad Khadem, Petri Helo, Maqsood Sandhu

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    Abstract

    Open innovation is a growing issue in today's manufacturing industries, especially within small and medium size enterprises (SMEs). Due to resource scarcity, SMEs need to be collaborated to share knowledge and expertise to develop innovative products or processes in order to be competitive. In this research study, generic concept on open innovation is elaborated along with required innovation model and methodology. In addition to, a framework is proposed in order to facilitate open innovation management within collaborative partner industries. Fundamental issues associated with business network for open innovation are outlined in this study along with possible challenges for open innovation. This research study is concluded with managerial implications and with future works.

    Original languageEnglish
    Title of host publication6th International Conference on Industrial Engineering and Operations Management in Kuala Lumpur, IEOM 2016
    PublisherIEOM Society
    Pages46-54
    Number of pages9
    ISBN (Print)9780985549749, 9780985549756
    Publication statusPublished - 2016
    EventIEOM Detroit Conference, IEOM 2016 - Southfield, United States
    Duration: Sep 23 2016Sep 25 2016

    Other

    OtherIEOM Detroit Conference, IEOM 2016
    Country/TerritoryUnited States
    CitySouthfield
    Period9/23/169/25/16

    Keywords

    • Framework
    • Methodology
    • Open innovation
    • Smes
    • Virtual business network

    ASJC Scopus subject areas

    • Strategy and Management
    • Management Science and Operations Research
    • Control and Systems Engineering
    • Industrial and Manufacturing Engineering

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