The “Dark Side” of Open Innovation in Emerging Markets: An Integrated Framework
Riihimäki J, Shahzad K (2023)
Publication Language: English
Publication Type: Conference contribution, Conference Contribution
Publication year: 2023
Publisher: Academy of Management
City/Town: Briarcliff Manor, NY 10510: Academy of Management
Book Volume: Vol. 2023. No. 1.
Pages Range: 14974
Conference Proceedings Title: Academy of Management Proceedings
Event location: Boston, Massachusetts, USA
DOI: 10.5465/AMPROC.2023.14974abstract
Abstract
Prior literature on open innovation (OI) has mainly focused on identifying the benefits of OI and how it has become a crucial part of a firm’s innovation and new product development (NPD) while neglecting its “dark side” which hinders firms to gain full value in this pathway. Particularly, emerging markets, that are well-recognized for innovation, remained unmapped in terms of the challenges that OI brings. Therefore, the purpose of this research is to identify the firm- and individual-level factors causing OI failure while moderated by OI mindset and culture. We also investigate the impact of OI failure on the NPD performance of the firms. Based on data collected from 161 SMEs and MNEs from Turkey and Russia, the results highlight the significant moderating role of OI mindset and culture which is decreasing the negative impact of individual-level challenges on OI failure. Furthermore, it was found that OI failure often results in decreased NPD performance which in turn points out that firms cannot turn these failures into new opportunities. In general, this research paper assists firms to have a better inclusive view of the concept of OI and further encourages more future research to be done in this field.
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APA:
Riihimäki, J., & Shahzad, K. (2023). The “Dark Side” of Open Innovation in Emerging Markets: An Integrated Framework. In Academy of Management Proceedings (pp. 14974). Boston, Massachusetts, USA, US: Briarcliff Manor, NY 10510: Academy of Management: Academy of Management.
MLA:
Riihimäki, Joni, and Khuram Shahzad. "The “Dark Side” of Open Innovation in Emerging Markets: An Integrated Framework." Proceedings of the The 83rd Annual Meeting of the Academy of Management, Boston, Massachusetts, USA Briarcliff Manor, NY 10510: Academy of Management: Academy of Management, 2023. 14974.
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