Email this article 
Article Metrics |
 Article abstract view : 596 times |
 PDF full text: 307 times
|
Open Innovation Strategy in Indonesia ICT Industries
Abstract
The research objective is establishing the relationship between business model, open innovation, and a firm’s performance in context-based corporate accelerator program held by Indonesia ICT industries. The crucial relationships between startup and industry collaboration are: co-creation; IP-sharing; reducing R&D costs; the need for risk sharing; and the primary driver of companies’ sustainability growth. Co-creation becomes the most reliable driver in the issue of the importance of collaboration, and it leads to an independent factor that should be firstly developed and continuously improved. The IP-sharing and risk-sharing factors are both reliable drivers but medium dependent. The startups and industries must have a proper contractual agreement once they decide to share the IP and risk. The integrity factor will be necessary for mutual benefit. Reducing R&D costs and the main driver of the company’s sustainability growth are the dependent variables or outcomes of the collaboration between startups and leading industries.
https://doi.org/10.21632/irjbs.15.1.79-96
Keywords
Full Text:
PDF
References
Abulrub, A.-H. G., & Lee, J. (2012). Open innovation management: Challenges and prospects. Procedia - Social and Behavioral Sciences, 41, 130–138. https://doi.org/10.1016/j.sbspro.2012.04.017.
Aquilani, B., Abbate, T., & Codini, A. (2017). Overcoming cultural barriers in open innovation processes through intermediaries: A theoretical framework. Knowledge Management Research & Practice, 15(3), 447–459. https://doi.org/10.1057/s41275-017-0067-5.
Attri, R., Dev, N., & Sharma, V. (2013). Interpretive Structural Modelling (ISM) approach: An overview. Research Journal of Management Sciences, 2(2), 3–8.
Bogers, M., Chesbrough, H., Heaton, S., & Teece, D. J. (2019). Strategic management of open innovation: A dynamic capabilities perspective. California Management Review, 62(1), 77–95. https://doi.org/10.1177/0008125619885150.
Cheng, C. C. J., & Chen, J. (2013). Breakthrough innovation: The roles of dynamic innovation capabilities and open innovation activities. Journal of Business & Industrial Marketing, 28(5), 444–454. https://doi.org/10.1108/08858621311330281.
Chesbrough, H. (2004). Managing open innovation. Research-Technology Management, 47(1), 23–26. https://doi.org/10.1080/08956308.2004.11671604.
Chesbrough, H. (2017). The future of open innovation. Research-Technology Management, 60(1), 35–38. https://doi.org/10.1080/08956308.2017.1255054.
Chidambaranathan, S., Muralidharan, C., & Deshmukh, S. G. (2009). Analyzing the interaction of critical factors of supplier development using Interpretive Structural Modeling — an empirical study. The International Journal of Advanced Manufacturing Technology, 43, 1081–1093. https://doi.org/10.1007/s00170-008-1788-7.
Curley, M. (2015). The evolution of open innovation. JIM: Journal of Innovation Management, 3(2), 335–342. https://doi.org/10.24840/2183-0606_003.002_0003
de Groote, J. K., & Backmann, J. (2020). Initiating open innovation collaborations between incumbents and startups: How can david and goliath get along?. International Journal of Innovation Management, 24(2), 2050011. https://doi.org/10.1142/S1363919620500115.
de S. Fabrício Jr., R., da Silva, F. R., Simões, E., Galegale, N. V., & Akabane, G. K. (2015). Strengthening of open innovation model: Using startups and technology parks. IFAC-PapersOnLine, 48(3), 14–20. https://doi.org/10.1016/j.ifacol.2015.06.051.
Durst, S., & Ståhle, P. (2013). Success factors of open innovation – A literature review. International Journal of Business Research and Management, 4(4), 111–131.
Hossain, M. (2013). Open innovation: So far and a way forward. World Journal of Science, Technology and Sustainable Development, 10(1), 30–41. https://doi.org/10.1108/20425941311313083
Inauen, M., & Schenker-Wicki, A. (2012). Fostering radical innovations with open innovation. European Journal of Innovation Management, 15(2), 212–231. https://doi.org/10.1108/14601061211220986.
Jackson P., & Richter, N. (2017). Situational logic: An analysis of open innovation using corporate accelerators. International Journal of Innovation Management, 21(7), 1750062. https://doi.org/10.1142/S1363919617500621.
Jain, D., & Banwet, D. K. (2013). Modelling critical elements of selection for strategic alliance partner for network managed services using interpretive structural modelling (ISM). Journal of Modelling in Management, 8(3), 290–304. https://doi.org/10.1108/JM2-04-2011-0024.
Kanbach, D. K., & Stubner, S. (2016). Corporate accelerators as recent form of startup engagement: The what, the why, and the how. Journal of Applied Business Research, 32(6), 1761–1776.
Kennedy, S. Whiteman, G., & van den Ende, J. (2017). Radical innovation for sustainability: The power of strategy and open innovation. Long Range Planning, 50(6), 712–725. https://doi.org/10.1016/j.lrp.2016.05.004.
Kirschbaum, R. (2005). Open innovation in practice. Research- Technology Management, 48(4), 24–28. https://doi.org/10.1080/08956308.2005.11657321.
Kohler, T. (2016). Corporate accelerators: Building bridges between corporations and startups. Business Horizons, 59(3), 347–357. https://doi.org/10.1016/j.bushor.2016.01.008.
Koivisto, N. (2012). User driven radical innovations in open innovation. In The XXIII ISPIM Conference – Action for Innovation: Innovating from Experience, June 17–20. Barcelona, Spain.
Kratzer, J., Meissner, D., & Roud, V. (2017). Open innovation and company culture: Internal openness makes the difference. Technological Forecasting & Social Change, 119, 128–138. https://doi.org/10.1016/j.techfore.2017.03.022.
Li, G., Huang, D., Sun, C., & Li, Y. (2019). Developing interpretive structural modeling based on factor analysis for the water-energy-food nexus conundrum. Science of the Total Environment, 651(1), 309–322. https://doi.org/10.1016/j.scitotenv.2018.09.188.
Liao, S., Fu, L., & Liu, Z. (2020). Investigating open innovation strategies and firm performance: The moderating role of technological capability and market information management capability. Journal of Business & Industrial Marketing, 35(1), 23–39. https://doi.org/10.1108/JBIM-01-2018-0051.
Lopes, A. P. V. B. V., & de Carvalho, M. M. (2018). Evolution of the open innovation paradigm: Towards a contingent conceptual model. Technological Forecasting & Social Change, 132, 284–298. https://doi.org/10.1016/j.techfore.2018.02.014.
Masucci, M., Brusoni, S., Daim, T., & Cennamo, C. (2020). Removing bottlenecks in business ecosystems: The strategic role of outbound open innovation. Research Policy, 49(1), 103823. https://doi.org/10.1016/j.respol.2019.103823.
Mihailovic, J. (2019). The future of mobile operators - new business models. Journal of Sustainable Business and Management Solutions in Emerging Economies, 24(2), 73–84. https://doi.org/10.7595/management.fon.2018.0033.
Moretti, F., & Biancardi, D. (2020). Inbound open innovation and firm performance. Journal of Innovation & Knowledge, 5(1), 1–19. https://doi.org/10.1016/j.jik.2018.03.001.
Moschner, S.-L., & Herstatt, C. (2017). All that glitters is not gold: How motives for open innovation collaboration with startups diverge from action in corporate accelerators [Working papers No. 102]. Hamburg University of Technology. Retrieved from https://www.econstor.eu/handle/10419/172257.
Oltra, M. J., Flor, M. L., & Alfaro, J. A. (2018). Open innovation and firm performance: The role of organizational mechanisms. Business Process Management Journal, 24(3), 814–836. https://doi.org/10.1108/BPMJ-05-2016-0098.
Ozkan, N. N. (2015). An example of open innovation: P&G. Procedia - Social and Behavioral Sciences, 195, 1496–1502. https://doi.org/10.1016/j.sbspro.2015.06.450.
Parthasarathy, R., Huang, C., & Ariss, S. (2011). Impact of dynamic capability on innovation, value creation and industry leadership. IUP Journal of Knowledge Management, 9(3), 59–74.
Pauwels, C., Clarysse, B., Wright, M., & van Hove, J. (2015). Understanding a new generation incubation model: The accelerator. Technovation, 50–51, 13–24. https://doi.org/10.1016/j.technovation.2015.09.003.
Peris-Ortiz, M., Devece-Carañana, C. A., de València, U. P., & Navarro-Garcia, A. (2018). Organizational learning capability and open innovation. Management Decision, 56(6), 1217–1231. https://doi.org/10.1108/MD-02-2017-0173.
Pile, T. (2018). Developing a framework for Open Innovation [Masters thesis, Pepperdine University, Malibu]. Retrieved from https://digitalcommons.pepperdine.edu/cgi/viewcontent.cgi?article=2006&context=etd.
Rangus, K., & Drnovšek, M. (2013). Open innovation in Slovenia: A comparative analysis of different firm sizes. Economic and Business Review, 15(3), 61–79.
Rangus, K., Drnovšek, M., & Di Minin, A. (2016). Proclivity for open innovation: Construct development and empirical validation. Innovation: Organization & Management, 18(2), 191–211. https://doi.org/10.1080/14479338.2016.1213136.
Saebi, T., & Foss, N. J. (2015). Business models for open innovation: Matching heterogeneous open innovation strategies with business model dimensions. European Management Journal, 33(3), 201–213. https://doi.org/10.1016/j.emj.2014.11.002.
Santoro, G., Ferraris, A., & Winteler, D. J. (2019). Open innovation practices and related internal dynamics: Case studies of Italian ICT SMEs. EuroMed Journal of Business, 14(1), 47–61. https://doi.org/10.1108/EMJB-05-2018-0031.
Shankar, R. K., & Shepherd, D. A. (2019). Accelerating strategic fit or venture emergence: Different paths adopted by corporate accelerators. Journal of Business Venturing, 34(5), 1–19. https://doi.org/10.1016/j.jbusvent.2018.06.004.
Sivam, A., Dieguez, T., Ferreira, L. P., & Silva, F. J. G. (2019). Key settings for successful open innovation arena. Journal of Computational Design and Engineering, 6(4), 507–515. https://doi.org/10.1016/j.jcde.2019.03.005.
Teplov, R., Podmetina, D., Albats, E., & Dabrowska, J. (2017). Open innovation and firm performance: Role of organisational capabilities. In The XXVIII ISPIM Innovation Conference – Composing the Innovation Symphony, 18-21 June. Austria, Vienna.
Tou, Y., Watanabe, C., Moriya, K., & Neittaanmäki, P. (2019). Harnessing soft innovation resources leads to neo open innovation. Technology in Society, 58, 101114. https://doi.org/10.1016/j.techsoc.2019.01.007.
Usman, M., & Vanhaverbeke, W. (2017). How start-ups successfully organize and manage open innovation with large companies. European Journal of Innovation Management, 20(1), 171–186. https://doi.org/10.1108/EJIM-07-2016-0066.
Utoyo, I., Fontana, A., & Satrya, A. (2020). The role of entrepreneurial leadership and configuring core innovation capabilities to enhance innovation performance. International Journal of Innovation Management, 24(6), 2050060. https://doi.org/10.1142/S1363919620500607.
Vanhaverbeke, W. (2013). Rethinking open innovation beyond the innovation funnel. Technology Innovation Management Review, 3(4), 6–10. http://doi.org/10.22215/timreview/673.
Vanhaverbeke, W., & Chesbrough, H. (2014). A classification of open innovation and open business models. In H. Chesbrough, W. Vanhaverbeke, & J. West (Eds.), New Frontiers in Open Innovation (pp. 208–259). Oxford: Oxford University Press. https://doi.org/10.1093/acprof:oso/9780199682461.003.0003.
West, J., & Bogers, M. (2014). Leveraging external sources of iInnovation: A review of research on open innovation. Journal of Product Innovation Management, 31(4), 814–831. https://doi.org/10.1111/jpim.12125.
Wikhamn, B. R., & Styhre, A. (2017). Open innovation as a facilitator for corporate exploration. International Journal of Innovation Management, 21(6), 1–20. https://doi.org/10.1142/S1363919617500426.
Zhu, X., Xiao, Z., Dong, M. C., & Gu, J. (2019). The fit between firms’ open innovation and business model for new product development speed: A contingent perspective. Technovation, 86–87, 75–85. https://doi.org/10.1016/j.technovation.2019.05.005.
Copyright (c) 2022 Rivira Yuana, Eko Agus Prasetio, Rizal Syarief, Yandra Arkeman, Arif Imam Suroso
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
International Research Journal of Business Studies has been covered by the following services: | ||||||||||||||||||||||||
|
