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 US

URI: https://doi.org/10.5465/AMPROC.2023.14974abstract

DOI: 10.5465

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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How to cite

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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