SUNConferences, Computers and Industrial Engineering 42

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Open Innovation in South African SMEs
Willie Krause, Corne Schutte, Niek du Preez

Last modified: 2012-06-25

Abstract


Over the last decade Open Innovation has grown in popularity and success to increase innovation effectiveness and speed, especially within larger organisations. A need however exists within the Small and Medium Enterprise (SME) sector to also improve how organisations innovate and to reduce cost and turnaround times for innovation to be more competitive.

Lindegaard (2010) describes open innovation as “a two-way process in which companies have an inbound process in which they bring in ideas, technologies, or other resources needed to develop their own business and an outbound process in which they out-license or sell their own ideas, technologies, and other resources.”

This paper further explores open innovation within the SME context and provides the results of a survey conducted under South African SMEs, assessing the appetite for and use of open innovation.


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