Internationalising high-tech SMEs: advancing a new perspective of open innovation

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Simba, A. ORCID: 0000-0002-0276-8211, Tajeddin, M., Farashahi, M., Dana, L.-P. and Maleki, A., 2024. Internationalising high-tech SMEs: advancing a new perspective of open innovation. Technological Forecasting and Social Change, 200: 123145. ISSN 0040-1625

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Official URL: https://doi.org/10.1016/j.techfore.2023.123145

Abstract

Choosing a foreign market entry strategy is known to be essential for firm internationalisation yet there is very little focus on the role, purpose, and value of open innovation for internationalising high-tech SMEs. A review of the international business, international entrepreneurship and international marketing literature combined with a bibliometric mapping of 2501 articles on firm internationalisation, suggests that research does not readily associate open innovation and the internationalisation of high-tech SMEs. This is regardless of open innovation's activities that can span over a firm's immediate geographical space. Thus, this study introduces new theoretical explanations and a midrange open innovation theory to advance open innovation as an alternative foreign market entry strategy especially for internationalising high-tech SMEs. This has theoretical and practical implications for academics, international business managers, and practitioners because it introduces an alternative internationalisation strategy for SMEs.

Item Type:

Journal article

Publication Title:

Technological Forecasting and Social Change

Creators:

Simba, A., Tajeddin, M., Farashahi, M., Dana, L.-P. and Maleki, A.

Publisher:

Elsevier

Date:

2024

Volume:

200