Knowledge Creation and Open Innovation in High-Technology SMEs
The aim of this chapter is to present findings on knowledge creation and open innovation (OI) in small and medium-sized enterprises (SMEs) in Iceland. The main focus is on how these SMEs deal with knowledge creation, knowledge sharing and storage, and how customers and other external stakeholders ar...
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ftrepec:oai:RePEc:wsi:wschap:9789813233591_0006 2023-05-15T16:48:11+02:00 Knowledge Creation and Open Innovation in High-Technology SMEs Open Innovation and Knowledge Management in Small and Medium Enterprises Elsa Grimsdottir Ingi Runar Edvardsson http://www.worldscientific.com/doi/pdf/10.1142/9789813233591_0006 http://www.worldscientific.com/doi/abs/10.1142/9789813233591_0006 unknown http://www.worldscientific.com/doi/pdf/10.1142/9789813233591_0006 http://www.worldscientific.com/doi/abs/10.1142/9789813233591_0006 book ftrepec 2020-12-04T13:31:50Z The aim of this chapter is to present findings on knowledge creation and open innovation (OI) in small and medium-sized enterprises (SMEs) in Iceland. The main focus is on how these SMEs deal with knowledge creation, knowledge sharing and storage, and how customers and other external stakeholders are involved in the innovation process. The research consists of three case studies in knowledge-intensive enterprises in Iceland. Semi-structured interviews were taken with managers and key employees who deal with knowledge creation processes and innovation.In all the three companies, the knowledge creation process is similar: Groups of employees work on the development of new solutions by experimenting and sharing knowledge through brainstorming and discussing ideas, which can be described as collaborative learning. Knowledge sharing is mainly through personalization strategy, although the product development process tends to be intensively documented. Customers and external stakeholders are rarely consulted until the testing of software programs at the end of the process. The findings are in accordance with other findings that high-tech companies tend to prefer inside-out strategies of open innovation. The findings are also in line with earlier studies which show that SMEs use OI more often in the later stages of the innovation process. Open Innovation, Knowledge Management, Innovation Management, Small and Medium-Sized Enterprises, SMEs, Small Firms Book Iceland RePEc (Research Papers in Economics) |
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RePEc (Research Papers in Economics) |
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The aim of this chapter is to present findings on knowledge creation and open innovation (OI) in small and medium-sized enterprises (SMEs) in Iceland. The main focus is on how these SMEs deal with knowledge creation, knowledge sharing and storage, and how customers and other external stakeholders are involved in the innovation process. The research consists of three case studies in knowledge-intensive enterprises in Iceland. Semi-structured interviews were taken with managers and key employees who deal with knowledge creation processes and innovation.In all the three companies, the knowledge creation process is similar: Groups of employees work on the development of new solutions by experimenting and sharing knowledge through brainstorming and discussing ideas, which can be described as collaborative learning. Knowledge sharing is mainly through personalization strategy, although the product development process tends to be intensively documented. Customers and external stakeholders are rarely consulted until the testing of software programs at the end of the process. The findings are in accordance with other findings that high-tech companies tend to prefer inside-out strategies of open innovation. The findings are also in line with earlier studies which show that SMEs use OI more often in the later stages of the innovation process. Open Innovation, Knowledge Management, Innovation Management, Small and Medium-Sized Enterprises, SMEs, Small Firms |
format |
Book |
author |
Elsa Grimsdottir Ingi Runar Edvardsson |
spellingShingle |
Elsa Grimsdottir Ingi Runar Edvardsson Knowledge Creation and Open Innovation in High-Technology SMEs |
author_facet |
Elsa Grimsdottir Ingi Runar Edvardsson |
author_sort |
Elsa Grimsdottir |
title |
Knowledge Creation and Open Innovation in High-Technology SMEs |
title_short |
Knowledge Creation and Open Innovation in High-Technology SMEs |
title_full |
Knowledge Creation and Open Innovation in High-Technology SMEs |
title_fullStr |
Knowledge Creation and Open Innovation in High-Technology SMEs |
title_full_unstemmed |
Knowledge Creation and Open Innovation in High-Technology SMEs |
title_sort |
knowledge creation and open innovation in high-technology smes |
url |
http://www.worldscientific.com/doi/pdf/10.1142/9789813233591_0006 http://www.worldscientific.com/doi/abs/10.1142/9789813233591_0006 |
genre |
Iceland |
genre_facet |
Iceland |
op_relation |
http://www.worldscientific.com/doi/pdf/10.1142/9789813233591_0006 http://www.worldscientific.com/doi/abs/10.1142/9789813233591_0006 |
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1766038304047759360 |