The full text of this article
Exploring open innovation approaches adopted by small and medium firms in emerging/growth industries: case studies from Daegu-Gyeongbuk region of South Korea
by Jin-Hyo Joseph Yun; Avvari V. Mohan
International Journal of Technology, Policy and Management (IJTPM), Vol. 12, No. 1, 2012
Abstract: This study explores the status of open innovation in small and medium firms that operate in emerging or growth technological industries that have been designated as new growth engines in the Daegu-Gyeongbuk district in South Korea. Chesbrough (2003, 2006a,b) had demonstrated that the motive power of growth and development of big enterprises, be it in hi-tech or low-tech industries of USA, is 'open innovation'. Studies that followed examined the relationship between open innovation and industry performance had focused considerably on developed/mature industries. Though they analysed open innovation of small and medium firms, their analysis was limited to statistical relationships between open innovation and industry performances. Through the case studies this study's findings indicate that small and medium firms in South Korea seem to be dynamically adopting open innovation in the process of changing their business lines to more prospective hi-tech areas for their existence. It also seems that continuous growth and development could not be expected with closed innovation, and that the existence of small and medium firms can be threatened during verification period because it takes considerable time to get approval or support form markets or science and technology business circle.
Online publication date: Mon, 16-Jan-2012
is only available to individual subscribers or to users at subscribing institutions.
Go to Inderscience Online Journals to access the Full Text of this article.
Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.
Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Technology, Policy and Management (IJTPM):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable).
See our Orders page to subscribe.
If you still need assistance, please email email@example.com