A quantitative study on the influence of breadth of open innovation on SMEs product-service performance: The moderating effect of type of innovation

Idika Awa Uduma, Andy Fred Wali, Len Tiu Wright

Research output: Contribution to journalArticle

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Abstract

The study investigates the influence of breadth of open innovation strategy on product and service performance of UK SMEs and how the relationship is affected by the type of innovation. The respondents were 72 senior employees randomly sampled from SMEs in UK manufacturing sector. We collected primary data using survey questionnaire. Multiple regression technique through Statistical Package for Social Sciences (SPSS) version 21 was used to analyse the data. We found that breadth of open innovation have curvilinear relationship to both incremental and radical product performance. Also, results showed that incremental as well as radical innovation moderates the influence of breadth of open innovation on the product performance. We concluded that adoption of optimum breadth of open innovation strategy supports SMEs’ product-service performance. We recommended that SMEs’ policy-makers should adopt a balanced breadth of open innovation strategy in order to foster the achievement of their product performance goals, depending on the particular type of innovation they intend to achieve.
Original languageEnglish
Number of pages15
JournalCogent Business & Management
Volume2
DOIs
Publication statusPublished - 10 Dec 2015

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Open innovation
Service performance
Small and medium-sized enterprises
Innovation
Moderating effect
Innovation strategy
Questionnaire survey
Radical innovation
Survey data
Social sciences
Incremental innovation
Manufacturing sector
Incremental
Politicians
Employees
Multiple regression

Cite this

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abstract = "The study investigates the influence of breadth of open innovation strategy on product and service performance of UK SMEs and how the relationship is affected by the type of innovation. The respondents were 72 senior employees randomly sampled from SMEs in UK manufacturing sector. We collected primary data using survey questionnaire. Multiple regression technique through Statistical Package for Social Sciences (SPSS) version 21 was used to analyse the data. We found that breadth of open innovation have curvilinear relationship to both incremental and radical product performance. Also, results showed that incremental as well as radical innovation moderates the influence of breadth of open innovation on the product performance. We concluded that adoption of optimum breadth of open innovation strategy supports SMEs’ product-service performance. We recommended that SMEs’ policy-makers should adopt a balanced breadth of open innovation strategy in order to foster the achievement of their product performance goals, depending on the particular type of innovation they intend to achieve.",
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A quantitative study on the influence of breadth of open innovation on SMEs product-service performance : The moderating effect of type of innovation. / Uduma, Idika Awa; Wali, Andy Fred; Wright, Len Tiu.

In: Cogent Business & Management, Vol. 2, 10.12.2015.

Research output: Contribution to journalArticle

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AU - Wali, Andy Fred

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