Start-ups' Motives, Approaches, and Opportunities for Using Open Innovation
(2018) ENTN19 20181Department of Business Administration
- Abstract
- Purpose – The existing literature of open innovation (OI) has focused mainly on large companies and few on SMEs, leaving start-ups with scarce analysis of the use of OI. This paper aims to close that gap and contribute to a better understanding of what drives start-ups to open for innovation, how they use it and comprehend what challenges and benefits OI brings to start-ups.
Design/methodology/approach – This research uses a primarily qualitative methodology based on the analysis of 11 in-depth interviews with start-ups within WIN Water, a Swedish business network for the water sector. Also, an analysis of a self-completion questionnaire from 22 start-ups within the same network is used as an additional supportive data.
Findings -... (More) - Purpose – The existing literature of open innovation (OI) has focused mainly on large companies and few on SMEs, leaving start-ups with scarce analysis of the use of OI. This paper aims to close that gap and contribute to a better understanding of what drives start-ups to open for innovation, how they use it and comprehend what challenges and benefits OI brings to start-ups.
Design/methodology/approach – This research uses a primarily qualitative methodology based on the analysis of 11 in-depth interviews with start-ups within WIN Water, a Swedish business network for the water sector. Also, an analysis of a self-completion questionnaire from 22 start-ups within the same network is used as an additional supportive data.
Findings - The research suggests that OI literature for large companies and SMEs might not be fully transferable to start-ups. The thesis introduces the OI model in start-ups. On the one hand, the liability of newness influences the entrepreneur’s or manager’s decision making process to open for innovation as a survival strategy and address long-term business goals. On the other hand, it shapes the OI process turning it into opportunistic, informal and fully opened one. The research suggests that start-ups tend to use mainly non-pecuniary and outbound OI and analyses and discusses the reasons of this phenomenon.
Originality/value – The study offers start-ups a deeper understanding of how to use OI in an effective way and guides the decision-making process to create OI strategies. It also helps OI networks to comprehend the fundamental role they play as intermediaries and meet the start-ups' needs when practicing OI. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/8952978
- author
- Mkheidze, Tea LU and Garces Fuentes, Diana Carolina LU
- supervisor
- organization
- alternative title
- A study of why and how start-ups practice open innovation as a survival approach and long-term business strategy
- course
- ENTN19 20181
- year
- 2018
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- Open innovation, start-ups, liability of newness, innovation, open innovation network, intermediary, water sector.
- language
- English
- id
- 8952978
- date added to LUP
- 2018-06-26 11:42:14
- date last changed
- 2018-06-26 11:42:14
@misc{8952978,
abstract = {{Purpose – The existing literature of open innovation (OI) has focused mainly on large companies and few on SMEs, leaving start-ups with scarce analysis of the use of OI. This paper aims to close that gap and contribute to a better understanding of what drives start-ups to open for innovation, how they use it and comprehend what challenges and benefits OI brings to start-ups.
Design/methodology/approach – This research uses a primarily qualitative methodology based on the analysis of 11 in-depth interviews with start-ups within WIN Water, a Swedish business network for the water sector. Also, an analysis of a self-completion questionnaire from 22 start-ups within the same network is used as an additional supportive data.
Findings - The research suggests that OI literature for large companies and SMEs might not be fully transferable to start-ups. The thesis introduces the OI model in start-ups. On the one hand, the liability of newness influences the entrepreneur’s or manager’s decision making process to open for innovation as a survival strategy and address long-term business goals. On the other hand, it shapes the OI process turning it into opportunistic, informal and fully opened one. The research suggests that start-ups tend to use mainly non-pecuniary and outbound OI and analyses and discusses the reasons of this phenomenon.
Originality/value – The study offers start-ups a deeper understanding of how to use OI in an effective way and guides the decision-making process to create OI strategies. It also helps OI networks to comprehend the fundamental role they play as intermediaries and meet the start-ups' needs when practicing OI.}},
author = {{Mkheidze, Tea and Garces Fuentes, Diana Carolina}},
language = {{eng}},
note = {{Student Paper}},
title = {{Start-ups' Motives, Approaches, and Opportunities for Using Open Innovation}},
year = {{2018}},
}