Barriers of implementing open innovations in Macedonian SME’s
Journal
Economic Development, Journal of the Institute of Economics – Skopje
Date Issued
2015-12
Author(s)
Abstract
Open innovation is a concept of growing acceptance in the field
of innovation management. It is based on the idea that companies can
leverage the knowledge generated externally to improve their innovation
performance. Shorter innovation cycles, the rising costs of industrial
research and development, and a lack of resources have motivated many
organizations to change their innovation strategies towards implementing
open innovations. However managing open innovation process in SMEs
is more difficult and complex than it is the case with large enterprises.
The reasons behind the low integration of the open innovations in SMEs
generally can be found in their limited organizational, financial and
human resources. By conducting a survey among 63 SMEs in Republic
of Macedonia, current open innovation practices and barriers are
searched. Findings revealed that the low capacity of the SMEs to deal
with the open innovation process, low awareness of the benefits of the
open innovation process, and lack of knowledge on protection of
intellectual property rights are concluded as the main constraints in
adapting open innovation practices.
of innovation management. It is based on the idea that companies can
leverage the knowledge generated externally to improve their innovation
performance. Shorter innovation cycles, the rising costs of industrial
research and development, and a lack of resources have motivated many
organizations to change their innovation strategies towards implementing
open innovations. However managing open innovation process in SMEs
is more difficult and complex than it is the case with large enterprises.
The reasons behind the low integration of the open innovations in SMEs
generally can be found in their limited organizational, financial and
human resources. By conducting a survey among 63 SMEs in Republic
of Macedonia, current open innovation practices and barriers are
searched. Findings revealed that the low capacity of the SMEs to deal
with the open innovation process, low awareness of the benefits of the
open innovation process, and lack of knowledge on protection of
intellectual property rights are concluded as the main constraints in
adapting open innovation practices.
Subjects
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