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
CountryUnited States
CitySouthfield
Period9/23/169/25/16

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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

Cite this

Shamsuzzoha, A., Kindi, M. A., Khadem, M., Helo, P., & Sandhu, M. (2016). Open innovation through virtual business network: Perspective from small and medium enterprise. In 6th International Conference on Industrial Engineering and Operations Management in Kuala Lumpur, IEOM 2016 (pp. 46-54). IEOM Society.