Authors: Silvia Fernandes; Guilherme Castela
Addresses: Research Centre for Spatial and Organisational Dynamics, Faculty of Economics, University of Algarve, Campus de Gambelas 8005-139 Faro, Portugal ' Research Centre for Spatial and Organisational Dynamics, Faculty of Economics, University of Algarve, Campus de Gambelas 8005-139 Faro, Portugal
Abstract: Modern competitiveness is tough, mainly due to new technologies and platforms. Managers must cope with these challenges to keep their businesses innovative and successful. An important step is to exploit the potential of open innovation. This work analyses where Portugal stands in terms of innovation in general, propensity for open innovation and innovation sustainability. A HJ-Biplot methodology was applied to a valid sample from the community innovation survey (CIS) for Portugal. The analysis suggests that Portuguese firms must cut back on activities that are not leading to the right outcomes. And the choice of right partners can cause more ideas to be executed and diffused. Innovation accelerators can help in this approach toward better innovation turnovers and country's innovation index. These issues are relevant to research in the face of fast trends such as the fourth industry (IoT, cyber-physical environments) and smart cities.
Keywords: innovation accelerators; open innovation; innovation return; entrepreneurship; internet of things; IoT; community innovation survey; CIS; HJ-Biplot; Portugal.
International Journal of Innovation and Learning, 2019 Vol.26 No.1, pp.82 - 93
Received: 11 Apr 2018
Accepted: 22 Sep 2018
Published online: 07 May 2019 *