JOURNAL OF MANAGEMENT POLICY AND PRACTICE
Open Innovation, a Tool for Globalization: The Case of South Korean SMEs
Author(s): Rara Hye-Seong Jeon, Daniel Degravel
Citation: Rara Hye-Seong Jeon, Daniel Degravel, (2019) "Open Innovation, a Tool for Globalization: The Case of South Korean SMEs," Journal of Management Policy and Practice, Vol. 20, Iss. 2, pp. 51-74
Article Type: Research paper
Publisher: North American Business Press
This study explores the phenomenon of open innovation in high tech Korean SMEs. Which mechanismsdo lead SMEs to choose a specific model of innovation?
The paper includes a literature review as well as an empirical study of internationalized SMEs, based onin-depth interviews, observations, and documents.
Open innovation does not always constitute the best model of innovation solution for all SME. This paper proposes a model for assessing the fit between a company and the various models of innovation, and a strategic guide to design an innovation model for successful collaboration with the best partners.