Abstract
Open innovation is a non-traditional approach to innovation wherein firms incorporate external ideas and technologies into their innovation management process rather than rely solely on their own internal knowledge and resources. In the context of the Fourth Industrial Revolution, the open innovation method, compared to the conventional one, appears to be more appropriate as it could assist enterprises successfully enhance the product quality and quickly bring new products to market. However, while an open approach to innovation could offer numerous potentials for advancement, it seems to be difficult for firms, particularly small and medium-sized enterprises, to adopt. This study aims to present open innovation models mostly adopted in practice and provide implications for fostering open innovation in Hanoi-based enterprises in the coming time.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Bessant, J., Lamming, R., Noke, H., & Phillips, W. (2005). Managing innovation beyond the steady state. Technovation, 25(12), 1366–1376. https://doi.org/10.1016/j.technovation.2005.04.007
Calantone, R. J., & Stanko, M. A. (2007). Drivers of Outsourced Innovation: An Exploratory Study. Journal of Product Innovation Management , 24(3), 230–241.
Calvo, J. L. (2006). Testing Gibrat’s law for small, young and innovating firms. Small Business Economics, 26(2), 117–123. https://doi.org/10.1007/s11187-004-2135-5
Carayannis, E. G., Barth, T. D., & Campbell, D. F. (2012). The Quintuple Helix innovation model: global warming as a challenge and driver for innovation. Journal of Innovation and Entrepreneurship, 1(1), 2. https://doi.org/10.1186/2192-5372-1-2
Chesbrough, H. W. (2003). Open Innovation: The New Imperative for Creating and Profiting from Technology. Harvard Business Press.
Chiaroni, D., Chiesa, V., & Frattini, F. (2011). The Open Innovation Journey: How firms dynamically implement the emerging innovation management paradigm. Technovation, 31(1), 34–43. https://doi.org/10.1016/j.technovation.2009.08.007
Dahlander, L., & Gann, D. M. (2010). How open is innovation? Research Policy, 39(6), 699–709. https://doi.org/10.1016/j.respol.2010.01.013
Damanpour, F. (1996). Organizational complexity and innovation: developing and testing multiple contingency models. Management Science, 42(5), 693–716.
Do, A. D., Le, T. D., & Vu, X. T. (2023). Promoting innovation at enterprises in Hanoi: Lessons learned from foreign enterprises. Vietnam Trade and Industry Review, 1, 72–82.
Etzkowitz, H., & Leydesdorff, L. (2000). The dynamics of innovation: from National Systems and “‘Mode 2’” to a Triple Helix of university-industry-government relations. In Research Policy (Vol. 29).
Fernández-Serrano, J., & Romero, I. (2013). Entrepreneurial quality and regional development: Characterizing SME sectors in low income areas. Papers in Regional Science, 92(3), 495–513. https://doi.org/10.1111/j.1435-5957.2012.00421.x
Gassmann, O., Enkel, E., & Chesbrough, H. (2010). The future of open innovation. R&D Management, 40(3), 213–221.
Hossain, M. (2015). A review of literature on open innovation in small and medium-sized enterprises. Journal of Global Entrepreneurship Research, 5(1). https://doi.org/10.1186/s40497-015-0022-y
Huang, Y. A., Chung, H. J., & Lin, C. (2009). R&D sourcing strategies: Determinants and consequences. Technovation, 29(3), 155–169. https://doi.org/10.1016/j.technovation.2008.08.002
Jegede, O. O., Ilori, M. O., Sonibare, J. A., Oluwale, B. A., & Siyanbola, W. O. (2012). Factors Influencing Innovation and Competitiveness in the Service Sector in Nigeria: a Sub-Sectoral Approach. Management, 2(3), 69–79. https://doi.org/10.5923/j.mm.20120203.03
Kimberly, J. R. (1981). Managerial innovation. In P. C. Nystrom & W. H. Starbuck (Eds.), Hand Book of Organization Design. Oxford University Press.
Lichtenthaler, U., & Ernst, H. (2009). Opening up the innovation process: the role of technology aggressiveness. R&D Management , 39(1).
Linder, J. (2004). Transformational outsourcing. MIT Sloan Management Review, 45(2), 52–58.
The World Bank. (2021). Vietnam: Science, Technology, and Innovation Report 2020. www.worldbank.org
Thompson, V. A. (1965). Bureaucracy and innovation. Administrative Science Quarterly, 10, 1–20.
West, M. A., & Anderson, N. R. (1996). Innovation in top management teams. Journal of Applied Psychology, 81, 680–693.
Wong, A., Tjosvold, D., & Liu, C. (2009). Innovation by teams in shanghai, China: Cooperative goals for group confidence and persistence. British Journal of Management, 20(2), 238–251. https://doi.org/10.1111/j.1467-8551.2008.00563.x
Wynarczyk, P., Piperopoulos, P., & McAdam, M. (2013). Open innovation in small and medium-sized enterprises: An overview. International Small Business Journal, 31(3), 240–255. https://doi.org/10.1177/0266242612472214
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2024 The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd.
About this chapter
Cite this chapter
Do, A.D., Pham, T.B.C., Le, T.D., Trinh, D.U. (2024). Open Innovation in Hanoi-Based Enterprises. In: Tran, H.V.T., Shioji, H., Le, H.L.T., Hayashi, T. (eds) Knowledge Transformation and Innovation in Global Society. Springer, Singapore. https://doi.org/10.1007/978-981-99-7301-9_13
Download citation
DOI: https://doi.org/10.1007/978-981-99-7301-9_13
Published:
Publisher Name: Springer, Singapore
Print ISBN: 978-981-99-7300-2
Online ISBN: 978-981-99-7301-9
eBook Packages: Business and ManagementBusiness and Management (R0)