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Open Innovation in SMEs - Exploring the wind turbine industry

Renold, Emil and Hartman, David (2011)
Department of Business Administration
Abstract
Title: Open Innovation in SMEs – Exploring the wind turbine industry
Seminar date: 2011-14-01
Course: Master thesis in Business Administration, Major in Strategy. 15 University Credit Points (15 ECTS). Authors: David Hartman, Emil Renold
Advisor: Dr. Sigvald J. Harryson
Key words: Open Innovation, SME, Wind turbine industry, Collaboration, Research and Development (R&D)
Purpose: Given the lack of studies conducted on Open Innovation in the wind turbine industry and on small and medium sized enterprises, the purpose of this thesis will first and foremost be to expand the knowledge within this field. Further, the purpose of this paper is also to complement suggested theories within the field of Open Innovation to increase their... (More)
Title: Open Innovation in SMEs – Exploring the wind turbine industry
Seminar date: 2011-14-01
Course: Master thesis in Business Administration, Major in Strategy. 15 University Credit Points (15 ECTS). Authors: David Hartman, Emil Renold
Advisor: Dr. Sigvald J. Harryson
Key words: Open Innovation, SME, Wind turbine industry, Collaboration, Research and Development (R&D)
Purpose: Given the lack of studies conducted on Open Innovation in the wind turbine industry and on small and medium sized enterprises, the purpose of this thesis will first and foremost be to expand the knowledge within this field. Further, the purpose of this paper is also to complement suggested theories within the field of Open Innovation to increase their transferability to SMEs in the wind turbine industry.
Methodology: This study applies deductive research logic where suggested theories within the field of Open Innovation have been used and tested. A multiple case study has been conducted through semi-structured interviews at three companies.
Theoretical perspectives: This study’s theoretical framework consists of previous research within the field of Open Innovation from which suggested theories have served as a base for analyzing the empirical results. Empirical foundation: Empirical data has been gathered through semi-structured interviews with representatives from three SMEs that have adopted Open Innovation, operating in the wind turbine industry: Vertical Wind AB, Whale Power, and GGRail AB. One additional interview was conducted with FMT AB, collaboration partner to GGRail AB. The empirical results are presented under six different variables.
Conclusions: This thesis have been able to conclude the importance of networks of personal contacts, shared visions and the choice of collaboration partners in order for SMEs to successfully implement and manage Open Innovation. These important features have also been proved to be the solution to many of the challenges that a SME faces under Open Innovation. Furthermore, this study concludes that the suggested theories within the field need to be supplemented with two additional aspects in order to increase the transferability to SMEs: Marketing effect and Need for financial resources. (Less)
Please use this url to cite or link to this publication:
author
Renold, Emil and Hartman, David
supervisor
organization
year
type
H1 - Master's Degree (One Year)
subject
keywords
Open Innovation, SME, Wind turbine industry, Collaboration, Research and Development (R&D), Management of enterprises, Företagsledning, management
language
Swedish
id
1779607
date added to LUP
2011-01-14
date last changed
2012-04-02 18:32:03
@misc{1779607,
  abstract     = {Title: Open Innovation in SMEs – Exploring the wind turbine industry
Seminar date: 2011-14-01
Course: Master thesis in Business Administration, Major in Strategy. 15 University Credit Points (15 ECTS). Authors: David Hartman, Emil Renold
Advisor: Dr. Sigvald J. Harryson
Key words: Open Innovation, SME, Wind turbine industry, Collaboration, Research and Development (R&D)
Purpose: Given the lack of studies conducted on Open Innovation in the wind turbine industry and on small and medium sized enterprises, the purpose of this thesis will first and foremost be to expand the knowledge within this field. Further, the purpose of this paper is also to complement suggested theories within the field of Open Innovation to increase their transferability to SMEs in the wind turbine industry.
Methodology: This study applies deductive research logic where suggested theories within the field of Open Innovation have been used and tested. A multiple case study has been conducted through semi-structured interviews at three companies.
Theoretical perspectives: This study’s theoretical framework consists of previous research within the field of Open Innovation from which suggested theories have served as a base for analyzing the empirical results. Empirical foundation: Empirical data has been gathered through semi-structured interviews with representatives from three SMEs that have adopted Open Innovation, operating in the wind turbine industry: Vertical Wind AB, Whale Power, and GGRail AB. One additional interview was conducted with FMT AB, collaboration partner to GGRail AB. The empirical results are presented under six different variables.
Conclusions: This thesis have been able to conclude the importance of networks of personal contacts, shared visions and the choice of collaboration partners in order for SMEs to successfully implement and manage Open Innovation. These important features have also been proved to be the solution to many of the challenges that a SME faces under Open Innovation. Furthermore, this study concludes that the suggested theories within the field need to be supplemented with two additional aspects in order to increase the transferability to SMEs: Marketing effect and Need for financial resources.},
  author       = {Renold, Emil and Hartman, David},
  keyword      = {Open Innovation,SME,Wind turbine industry,Collaboration,Research and Development (R&D),Management of enterprises,Företagsledning, management},
  language     = {swe},
  note         = {Student Paper},
  title        = {Open Innovation in SMEs - Exploring the wind turbine industry},
  year         = {2011},
}