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Assessing the effectiveness of open innovation implementation strategies in the promotion of ambidextrous innovation in Thai small and medium-sized enterprises by Wutthiya A. Srisathan; Chavis Ketkaew; Phaninee Naruetharadhol is a Business, Management and Accounting article available to read on EtoBox.
What is Assessing the effectiveness of open innovation implementation strategies in the promotion of ambidextrous innovation in Thai small and medium-sized enterprises about?
The adoption of open innovation practices is becoming increasingly important for SMEs seeking to remain competitive in today's fast-paced business environment. The aim of this study is to understand the implementation of open innovation processes by SMEs while highlighting two critical processes: open innovation implementation (OII) and open ambidextrous innovation practices (OAIP). The study employes a second-order factor analysis incorporating multigroup structural invariance analysis to explore the differences in ambidextrous innovation practices across SME size categories using a sample of 615 SMEs in Thailand. The primary finding reveals and confirms a statistically significant positive relationship between the implementation of open innovation and the advancement of ambidextrous innovation practices. This relationship underlines the importance of embracing open innovation, as it fosters ambidextrous innovation, thereby enabling fresh perspectives, accelerating creativity, and facilitating knowledge exchange. Three categories of MSMEs—microenterprises, small enterprises, and medium-sized enterprises—are shown to be well positioned for adopting open innovation strategies, each
Who reads Assessing the effectiveness of open innovation implementation strategies in the promotion of ambidextrous innovation in Thai small and medium-sized enterprises?
It is typically read by researchers, students, and practitioners in Business, Management and Accounting.
- Author
- Wutthiya A. Srisathan; Chavis Ketkaew; Phaninee Naruetharadhol
- Publisher
- Elsevier BV
- Published
- 2023
- Language
- EN
- Field
- Business, Management and Accounting (Social Sciences)
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