부산지역 중소기업의 개방형 혁신과 경영성과에 관한 연구

Abstract

In this study, we explore the relationship between open innovation and management performance of small and medium-sized enterprises (SMEs) in Busan, Korea. In order to address the above-mentioned research question, we pursue three research objectives: First, we examine the impact of entrepreneurial orientation, social capital, and government support on open innovation. We study the effects of the three variables on outward and inward innovation, respectively. Second, we investigate the impact of open innovation on management performance. We verify the effect of outward and inward innovation on new product performance and market performance through theoretical and empirical studies. Third, we study the impact of SMEs entrepreneurial orientation, social capital, and government support in Busan on management performance.

We employ survey measures to identify the impact of open innovation on the management performance of SMEs in Busan. We construct the research model and develop hypothetical relationships between the dependent and independent variables using the partial least squares structural equation modeling (PLS-SEM). The dependent variable is management performance while the three independent variables are entrepreneur's perspective, social capital and government support. This study has several academic and practical implications for management performance research. The academic implication is that we study the internal and external characteristics and open innovations faced by SMEs in Busan to reveal their distinct influence on management performance. There are two practical implications. First, we find that rather than directly leading open innovation, more efforts to induce innovation and increase performance through stimulating internal and external factors should be made. Second, we also find that it is necessary to enhance the effectiveness of government support, determining the direction of future activities of SMEs in Busan. Therefore, the government should make utmost effort to improve the support system and receive realistic feedback from SMEs. In future studies, we wish to improve research model which can better explain the relationships between open innovation and the management performance of SMEs in Busan.

Keywords: Open innovation, Management performance, Small and medium-sized enterprises (SMEs), Structural equation modeling (SEM)