The role of corporate risk management in the relationship between open innovation and organizational strategy

  1. Francisco Musiello-Neto 1
  2. Orlando Lima Rua 2
  3. Mario Arias-Oliva 3
  4. Mar Souto-Romero 4
  1. 1 Universitat Rovira i Virgili
    info

    Universitat Rovira i Virgili

    Tarragona, España

    ROR https://ror.org/00g5sqv46

  2. 2 Polytechnic of Porto
  3. 3 Universidad Complutense de Madrid
    info

    Universidad Complutense de Madrid

    Madrid, España

    ROR 02p0gd045

  4. 4 Universidad Internacional de La Rioja
    info

    Universidad Internacional de La Rioja

    Logroño, España

    ROR https://ror.org/029gnnp81

Aldizkaria:
International Journal of Innovation: IJI Journal

ISSN: 2318-9975

Argitalpen urtea: 2022

Alea: 10

Zenbakia: 1

Orrialdeak: 6-29

Mota: Artikulua

DOI: 10.5585/IJI.V10I1.20703 DIALNET GOOGLE SCHOLAR lock_openDialnet editor

Beste argitalpen batzuk: International Journal of Innovation: IJI Journal

Laburpena

Objective of the study: This study aims to analyze the relationship between open innovation and organizational strategy. Additionally, the mediating effect of corporate risk management on it was assessed. Methodology/approach: A quantitative study was conducted in Portugal based on a survey with 251 executive directors of SME hotels. Structural equations modeling was used in this study. Originality/relevance: While other studies have analyzed the relationship between open innovation and organizational strategy, this study deepens the knowledge of the mediating effect of corporate risk management on it. Main results: The results show that (1) open innovation improves corporate risk management and organizational strategy, (2) corporate risk influences rganizational strategy, and (3) corporate risk management has a mediating effect on the relationship between open innovation and organizational strategy. Theoretical/methodological contributions: This study provides a theoretical framework for understanding the relationships between three constructs (open innovation, corporate risk management and organizational strategy) in SMEs in the hospitality sector, not yet explored by academics. Social/management contributions: This study will guide managers of SMEs in the hospitality sector in defining strategies to develop the relevant resources and contribute to the definition of effective government policies, programs and incentives to support the adherence or expansion of the open innovation model for companies in this sector

Erreferentzia bibliografikoak

  • Acharyya, M., & Mutenga, S. (2013). The benefits of implementing enterprise risk management: evidence from the non-life insurance industry. Enterprise Risk Management, 6(1), 22-24. http://www.ermsymposium.org/2013/
  • Acuña-Carvajal, F., Pinto-Tarazona, L., López-Ospina, H., Barros-Castro, R., Quezada, L., & Palacio, K. (2019). An Integrated Method to Plan, Structure and Validate a Business Strategy Using Fuzzy DEMATEL and the balanced Scorecard. Expert Systems With Applications, 122, 351-368. https://doi.org/10.1016/j.eswa.2019.01.030
  • Agarwal, R., & Ansell, J. (2016). Strategic Change in Enterprise Risk Management. Strategic Change, 25, 427-439. https://doi.org/10.1002/jsc.2072
  • Almirall, E., & Casadesus-Masanell, R. (2010). Open Versus Closed Innovation: A Model of Discovery and Divergence. Academy of Management Review, 35(1), 27-47. https://doi.org/10.5465/AMR.35.1.ZOK27
  • Audretsch, D. B., & Lehmann, E. (2006). Entrepreneurial access and absorption of knowledge spillovers: Strategic board andmanagerial composition for competitive advantage. Journal of Small Business Management, 44(2), 155-166. https://doi.org/10.1111/j.1540-627X.2006.00161.x
  • Balodi, K. C. (2014). Strategic Orientation and Organizational Forms: An Integrative Framework. European Business Review, 26, 188-203. https://doi.org/10.1108/EBR-08-2013-0106
  • Bature, A., Melville. L.,RahmanK, M., & Akhtar, J. (2018)An Investigation into the Effects of Risks and Risk Management of Bioenergy Projects. E3S Web of Conferences, 61. https://doi.org/10.1051e3sconf/20186100006
  • Baumann-Pauly, D., Wickert, C., Spence, L. & Scherer, A. (2013). Organizing corporate social responsibility in small and large firms: Size matters. Journal of Business Ethics, 115(4), 693-705. https://doi.org/10.1007/s10551-013-1827-7
  • Bierwerth, M., Schwens, C., Isidor, R., Isodor, R., & Kabst, R. (2015). Corporate entrepreneurship and performance: A meta-analysis. Small Business Economics, 45, 255-278. https://doi.org/10.1007/s11187-015-9629-1
  • Bogers, M., Zobel, A-K., Afuah, A., Almirall, E., Brunswicker, S., Dahlander, L., Frederiksen, L., Gawer, A., Gruber, M., Haefliger, S., Hagedoorn, J., Hilgers, D.; Laursen, K., Magnusson, M. G., Majchrzak, A., McCarthy, I. P., Moeslein, K. M., Nambisan, S., Piller, F. T., Radziwon, A., Lamastra, C. R., Sims., J. & Anne L. J. Ter Wal. (2017). The open innovation research landscape: established perspectives and emerging themes across different levels of analysis. Industry and Innovation, 24(1), 8-40. https://doi.org/10.1080/13662716.2016.1240068
  • Bradley, D. (2018). Applying the thira to Special Events: A Framework for Capabilities-Based Planning Adoption in Local Governments. The Journal of the NPS Center for Homeland Defense and Security, XVII. https://www.hsaj.org/articles/14939
  • Brislin, R. W. (1970). Back-Translation for Cross-Cultural Research. Journal of Cross-Cultural Psychology, 1(3). https://doi.org/10.1177/135910457000100301
  • Brunswicker, S., & Vanhaverbeke, W. (2015). Open Innovation in Small and Medium-Sized Enterprises: External Knowledge Sourcing Strategies and Internal Organizational Facilitators. Journal of Small Business Management, 53(4), 1241-1263. https://doi.org/10.1111/jsbm.12120
  • Cantele, S., & Zardini, A. (2020). What drives small and medium enterprise towards sustainability? Role of interaction between pressures, barriers, and benefits. Corporate Social Responsibility and Environmental Management, 27(1), 126-136. https://doi.org/10.1002/csr.1778
  • Cheng, C. C. J., & Huizingh, E. K. R. E., (2014). When Is Open Innovation Beneficial? The Role of Strategic Orientation. Journal of Product Innovation Management, 31(6), 1235-1253. https://doi.org/10.1111/jpim.12148
  • Chesbrough, H. W. (2003). Open Innovation: The New Imperative for Creating and Profiting from Technology. Boston, MA: Harvard Business School Press. https://hbsp.harvard.edu/product/2831-PBK-ENG
  • Chesbrough, H. W., & Brunswicker, S. (2014 ). A fad or a phenomenon? The adoption of open innovation practices in large firms. Research-Technology Management, 57(2), 16- 25. https://doi.org/10.5437/08956308X5702196
  • Chesbrough, H. W., & Crowther , A. K. (2006). Beyond high tech: early adopters of open innovation in other industries. R&D Management, 36(3), 229-236. https://doi.org/10.1111/j.1467-9310.2006.00428.x
  • Chesbrough, H. W., & Rosenbloom, R. S. (2002). The Role of the Business Model in Capturing Value from Innovation: Evidence from Xerox Corporation’s Technology Spin-Off Companies. Industrial and Corporate Change, 11(3), 529-555. https://doi.org/10.1093/icc/11.3.529
  • Chesbrough, H., & Bogers, M. (2014). Explaining Open Innovation: Clarifying an Emerging Paradigm for Understanding Innovation. In H. Chesbrough, W. Vanhaverbeke, J. West (Eds.), New frontiers in open innovation (pp. 3-28). Oxford University Press, Oxford. https://doi.org/10.1093/acprof:oso/9780199682461.003.0001
  • Chin, W. W. (1998). The Partial Least Squares approach to structural equation modelling. In G. A. Marcoulides (Ed.), Modern methods for business research (pp. 295-336). Psychology Press. https://www.routledge.com/Modern-Methods-for-Business-Research/Marcoulides/p/book/9780805830934?utm_source=cjaffiliates&utm_medium=affiliates&cjevent=26f27f4990e411ec802fdfaa0a180514
  • Chin, W. W. (2010). How to write up and report PLS analyses. In V. E. Vinzi, W. W. Chin, J. Henseler, & H. Wang (Eds.), Handbook of partial least squares: Concepts, methods and applications in marketing and related fields (pp. 655-690). Berlin: Springer. https://doi.org/10.1007/978-3-540-32827-8_29
  • Covin, J. G., & Slevin, D. P.. (1989). Strategic Management of Small Firms is Hostile and Benign Environments. Journal Strategic of Management, 10(1), 75-87. https://doi.org/10.1002/smj.4250100107
  • Cucculelli, M., & Bettinelli, C. (2015). Business models, intangibles and firm performance: Evidence on corporate entrepre-neurship from Italian manufacturing SMEs. Small Business Economics, 45(2), 329-350. https://doi.org/10.5465/AMBPP.2014.16260abstract
  • Dahlander, L., & Gann, D. M. (2010). How Open Is Innovation? Research Policy, 39, 699-709. https://doi.org/10.1016/j.respol.2010.01.013
  • Denicolai, S., Ramirez, M., & Tidd, J. (2014). Creating and capturing value form external knowledge: the moderating role of knowledge intensity. R&D Management, 44(3), 248-264. https://doi.org/10.1111/radm.12065
  • Dias, A., Rodrigues, L. L., Craig, R., & Neves, M. E. (2019). Corporate social responsibility disclosure in small and medium-sized entities and large companies. Social Responsibility Journal, 15(2), 137-154. https://doi.org/10.1108/SRJ-05-2017-0090
  • Drechsler, W., & Natter, M., (2012). Understanding a firm’s openness decisions in innovation. Journal of Business Research, 65, 438-445. https://doi.org/10.1016/j.jbusres.2011.11.003
  • Durst, S., Bruns, G., & Henschel, T. (2016). The Management of Knowledge Risks: What do We Really Know? International Journal of Knowledge and Systems Science, 7, 19-29. https://doi.org/10.4018/IJKSS.2016070102
  • Eftekhari, N., & Bogers, M. (2015). Open for Entrepreneurship: How Open Innovation can Foster New Venture Creation. Creativity and Innovation Management, 24(4), 574-584. https://doi.org/10.1111/caim.12136
  • Enkel, E., Gassmann, O., & Chesbrough, H. (2009). Open R&D and open innovation: exploring the phenomenon. R&D Management, 39(4), 311-316. https://doi.org/10.1111/j.1467-9310.2009.00570.x
  • European Commission (2003). Concerning the definition of micro, small and medium-sized enterprises. Recommendation 2003/361/EC, European Commission, Brussels. https://europeanlaw.lawlegal.eu/definition-of-micro-small-and-medium-sized-enterprises/#Definition_of_micro_small_and_medium-sized_enterprises
  • Fey, C. F., & Birkinshaw, J. (2005). External sources of knowledge, governance mode, and R&D performance. Journal of Management, 31(4), 597-621. https://doi.org/10.1177/0149206304272346
  • Fornell, C., & Larcker, D. (1981). Evaluating structural equation models with unobserved variables and measurement error. Journal of Marketing Research, 18(1), 39-50. https://doi.org/10.1177/002224378101800104
  • Foroudi, P. (2019). Influence of brand signature, brand awareness, brand attitude, brand reputation on hotel industry’s brand performance. International Journal of Hospitality Management, 76(Part A), 271-285. https://doi.org/10.1016/j.ijhm.2018.05.016
  • García-Sánchez, E., Gárcia-Morales, V., & Martín-Rojas, R. (2018). Analysis of the Influence of the Enviroment, Stakeholder Integration Capability, Absorptive Capacity, and Technogical Skills on Organizational Performance Through Corporate Entrepreneurship. International Entrepreneurship and Management Journal, 14(2), 345-377. https://www.springerprofessional.de/en/analysis-of-the-influence-of-the-environment-stakeholder-integra/12060300
  • Gefen, D., & Straub, D. (2005). A practical guide to factorial validity using PLS-graph: Tutorial and annotated example. Communications of the Association for Information Systems, 16(1), 91-109. https://aisel.aisnet.org/cais/vol16/iss1/5
  • Gray, C., & Mabey, M. (2005). Management Development: Key Differences between Small and Large Businesses in Europe. International Small Business Journal: Researching Entrepreneurship, 23(5), 467-48. https://doi.org/10.1177/0266242605055908
  • Greco, M., Grimaldi, M., & Cricelli , L. (2015). Open innovation actions and innovation performance: A literature review of European empirical evidence. European Journal of Innovation Management, 18(2), 150-171. https://doi.org/10.1108/EJIM-07-2013-0074
  • Hair, J., Hult, G. T. M., Ringle, C., & Sarstedt, M. (2016). A Primer on Partial Least Squares Structural Equation Modeling (PLS-SEM). London, UK: Sage. https://us.sagepub.com/en-us/nam/a-primer-on-partial-least-squares-structural-equation-modeling-pls-sem/book244583
  • Heine, I., Beaujean, P., & Schmitt. R. (2016). Conceptual Framework for analyzing the fit between organizational strategy and culture. Procedia CIRP, 51, 79-84. https://doi.org/10.1016/j.procir.2016.05.096
  • Henseler, J., Ringle, C. M. & Sarstedt, M. (2015). A new criterion for assessing discriminant validity in variance-based structural equation modeling. Journal of the Academy of Marketing Science, 43, 115-135. https://doi.org/10.1007/s11747-014-0403-8
  • Hippel, E. V. (2005). Democratizing innovation: The evolving phenomenon of user innovation. Journal für Betriebswirtschaft, 1, 121-131. https://doi.org/10.1007/s11301-004-0002-8
  • Hossain, M. , & Kauranen , I. (2016). Open innovation in SMEs: a systematic literature review. Journal of Strategy and Management, 9(1), 58-73. https://doi.org/10.1108/JSMA-08-2014-0072
  • Huizingh , E. K. (2011). Open innovation: State of the art and future perspectives, Technovation, 31(1), 2-9. https://doi.org/10.1016/j.technovation.2010.10.002
  • IRDA (2017, March 27, 2019). Indian Insurance Market. https://www.ibef.org/industry/insurance-sector-india.aspx
  • Kaše, R., & Škerlavaj, M. (2016). Non-technological innovation research: evaluating the intellectual structure and prospects of an emerging field. Scandinavian Journal of Management, 32(2), 69-85. https://doi.org/10.1016/j.scaman.2016.02.001
  • Krause, W., & Schutte, C. S. L. (2015). A perspective on Open Innovation in Small- and Medium-Sized Enterprises in South Africa, and Design Requirements for an Open Innovation Approach. South African Journal of Industrial Engineering, 26(1), 163-178. https://doi.org/10.7166/26-1-997
  • Kreiser, P. M., Kuratko, D. F., Covin, J. G., Irelan, D. R., & Hornby, J. S. (2021). Corporate entrepreneurship strategy: extending our knowledge boundaries through configuration theory. Small Buiness Economics, 56, 739-758. https://doi.org/10.1007/s11187-019-00198-x
  • Krejcie, R. V., & Morgan, D. W. (1970). Determining Sample Size for Research Activities. Educational and Psychological Measurement, 30(3). https://doi.org/10.1177/001316447003000308
  • Kumar, K., Betra, R., & Boesso, G. (2020). Difference in stakeholder engagement approach of small & medium enterprises and large companies and its performance implications. Corporate Social Responsibility and Envairomental Management, 28(3),1055-1065. https://doi.org/10.1002/csr.2100
  • Lassen, A. H. , & Laugen, B. T. (2017). Open innovation: on the influence of internal and external collaboration on degree of newness. Business Process Management Journal, 23(6), 1129-1143. https://doi.org/10.1108/BPMJ-10-2016-0212
  • Laursen, K., & Salter, A (2006) Open for innovation: the role of openness in explaining innovation performance among U.K. manufacturing firms. Strategic Management Journal, 27(2), 131-150, 2006. https://doi.org/10.1002/smj.507
  • Lee, S., Park, G., Yoon, J., & Park, J. (2010), Open innovation in SMEs: An intermediated network model. Research Policy, 39, 290-300. https://doi.org/10.1016/j.respol.2009.12.009
  • Leiponen, A., & Helfat, C. E. (2010). Innovation objectives, knowledge sources, and the benefits of breadth. Strategic Management Journal, 31(2), 224-236. https://doi.org/10.1002/smj.807
  • Lopes, A. V. B. V., & De Carvalho, M. M. (2018). Evolution of the Open Innovation Paradigm: Towards a Contingent Conceptual Model. Technological Forecasting & Social Change, 132, 284-298. https://doi.org/10.1016/j.techfore.2018.02.014
  • Meidell, A., & Kaarbae, K. (2017). How the enterprise risk management function influences decision-making in the organization: A field study of a large, global oil and gas company. The British Accounting Review, 49(1), 39-55. https://doi.org/10.1016/j.bar.2016.10.005
  • Menon, A., Bharadwaj, S. G., Adidam, P. T. , & Edison, S. W. (1999). Antecedents and consequences of marketing strategy making: a model and a test. Journal of Marketing, 63(2), 18-40. https://doi.org/10.1177/002224299906300202
  • Milutinović, R., Stošić, B., & Mihić, M. (2015). Concepts and Importance of Strategic Innovation in SME’s: evidence from Serbia. Management: Journal of Sustainable Business & Management Solutions in Emerging Economies, 20(77), 35-42. https://doi.org/10.7595/management.fon.2015.0030
  • Mintzberg, H,. Raisinghani, D., & Theoret, A. (1976). The Structure of “Unstructured” Decision Processes. Administrative Science Quarterly, 21(2), 246-275. https://doi.org/2392045 Mitchell, R. K., Busenits, L. W., Bird, B., Gaglio, C. M., McMullen, J. S., Morse, E. A., & Smith, J. B. (2007). The central question in entrepreneurial cognition research. Entrepreneurship Theory and Practice, 31(1), 1-27. https://doi.org/10.1111/j.1540-6520.2007.00161.x
  • Morgan, P. M., Jeffrey , G. C., & Michael, B. H. (2000). The Relationship between Environmental Dynamism and Small Firm Structure, Strategy, and Performance. Journal of Marketing Theory and Practice. The Marketing and Entrepreneurship Interface, 8(2), 63-78. https://doi.org/10.1080/10696679.2000.11501869
  • Nunnally, J. C. (1978). Psychometric theory. 2nd Edition. New York: McGraw-Hill. https://www.scirp.org/(S(czeh2tfqyw2orz553k1w0r45))/reference/ReferencesPapers.aspx?ReferenceID=453912
  • Odor, H. A. (2019). Literature Review on Organisational Learning and LearningOrganisations. International Journal of Information, Business and Management, 11(3), 281-295. https://doi.org/10.1016/j.jbusres.2019.07.039
  • Ostos, J., Hinderer, H., & Bravo, E. (2016). Relationship between the Business Environment and Business Strategy Types: Evidence in Peruvian Companies. Universidad & Empresa, 19(32), 65-86. https://doi.org/10.12804/http://revistas.urosario.edu.co/index.php/empresa/article/view/4716
  • Oyewobi, L., Windapo, A., Rotimi, J., & Jimoh, R. (2016). Relationship between competitive strategy and construction organisation performance. Management Decision, 54(9), 2340-2366. https://doi.org/10.1108/MD-01-2016-0040
  • Parida, V., Westerberg, M., & Frishammar, J. (2012). Inbound open innovation activities in high-tech SMEs: the impact on innovation performance. Journal of Small Business Management, 50(2), 283-309. https://doi.org/10.1111/j.1540-627X.2012.00354.x
  • Pestana, M. H., & Gageiro, J. N. (2010). Análise de dados para ciências socais: a complementaridade do SPSS (5a ed.). Lisboa: Edições Sílabo. https://silabo.pt/catalogo/informatica/aplicativos-estatisticos/livro/analise-de-dados-para-ciencias-sociais/
  • Podmetina, D., Soderquist, K. E., Petraite, M., & Teplov , R. (2018). Developing a competency model for open innovation from the individual to the organisational level. Management Decision, 56(6), 1306-1335. https://doi.org/10.1108/MD-04-2017-0445
  • Rasid, A., Zaleha, S., Ismail, W, Khairuzzaman, W, Mohammad, N., & Choi , S. L. (2014). Assessing Adoption of Project Management Knowledge Areas and Maturity Level: Case Study of a Public Agency in Malaysia. Journal of Management in Engineering, 30, 264-271. https://doi.org/10.1061/(ASCE)ME.1943-5479.0000200
  • Reilly, P. (2018). Building Customer Centricity in the Hospitality Sector: the role of talent management. Worldwide Hospitality and Tourism Themes, 10(1), 42-56. https://doi.org/10.1108/WHATT-10-2017-0068
  • Roland, J. O., & Schoormans, J. P. L. (2004). The pattern of development and diffusion of breakthrough communication technologies. European Journal of Innovation Management, 7(4), 292-302. https://doi.org/10.1108/14601060410565047
  • Russo, A., & Tencati, A. (2009). Formal vs informal CSR strategies: Evidence from Italian micro, small, medium-sized, and large firms. Journal of Business Ethics, 85(2), 339-353. https://doi.org/10.1007/s10551-008-9736-x
  • Sarstedt, M., Ringle, C. M., Smith, D., Reams, R., & Hair, J. F. (2014) Partial Least Squares Structural Equation Modeling (PLS-SEM): A Useful Tool for Family Business Researchers. Journal of Family Business Strategy, 5, 105-115. https://doi.org/10.1016/j.jfbs.2014.01.002
  • Sisodiya, S. R., Johnson, J. L., & Grégoire, Y. (2013) Inbound open innovation for enhanced performance: Enablers and opportunities. Industrial Marketing Management, 42(5), 836-849. https://doi.org/10.1016/j.indmarman.2013.02.018
  • Slowak, A. P., & Regenfelder, M. (2017). Creating value, not wasting resources: sustainable innovation strategies. Journal Innovation: The European Journal of Social Science Research, 30(4), 455-475. https://doi.org/10.1080/13511610.2016.1192990
  • Spyropoulou, S., Katsikeas, C. S., Skarmeas, D., & Morgan, N. A. (2018). Strategic goal accomplishment in export ventures: the role of capabilities, knowledge. and environment. Journal of the Academy of Marketing Science, 46(1), 109-130. https://doi.org/10.1007/s11747-017-0519-8
  • Teece, D. J., Pisano, G., & Leih, S. (2016). Dynamic Capabilities and Organizational Agility: Risk, Uncertainty, and Strategy in the Innovation Economy. California Management Review, 58(4), 13-35. https://doi.org/10.1002/(SICI)1097-0266(199708)18:7<509::AID-SMJ882>3.0.CO;2-Z
  • Temel, S., & Vanhaverbeke, W. (2020). Knowledge Risk Management During Implementation of Open Innovation. In S. Durst and T. Henschel (Eds.). Knowledge Risk Management (pp. 207-227). Springer. https://doi.org/10.1007/978-3-030-35121-2_12
  • Teplov, R., Albats, E., & Podmetina, D. (2019). What Does Open Innovation Mean? Business Versus Academic Perceptions. International Journal of Innovation Management, 23(1), 805-811. https://doi.org/10.1142/S1363919619500026
  • Tidd, J., Bessant, J., & Pavitt, K. (2005). Managing Innovation: integrating technological, market and organizational change (3th. Edition). England: John Wiley & Sons, Ltd. https://www.scirp.org/reference/referencespapers.aspx?referenceid=983917
  • Van De Vrande, V., De Jong, J.P.J., Vanhaverbeke, W., & De Rochemont, M. (2009). Open innovation in SMEs: Trends, motives and management challenges. Technovation, 29(6-7), 423-437. https://doi.org/10.1016/j.technovation.2008.10.001
  • Verbano, C., & Venturini, K. (2013). Managing Risks in SMEs: A Literature Review and Research Agenda. Journal of Technology Management & Innovation, 8(3), 186-197. http://dx.doi.org/10.4067/S0718-27242013000400017
  • Vrgovic, P., Vidicki, P., Glassman, B., & Walton, A. (2012). Open innovation for SMEs in developing countries-an intermediated communication network model for collaboration beyond obstacles. Innovation: Management. Policy & Practice, 14(3), 290-302. https://doi.org/10.5172/impp.2012.14.3.290
  • West, J., Salter, A.; Vanheverbeke, W., & Chesbrough, H. (2014). Open innovation: The next decade. Research Policy, 43(5), 805-811. https://doi.org/10.1111/radm.12425
  • Wijethilake, C., Munir, R., & Appuhami , R. (2018). Environmental Innovation Strategy and Organizational Performance: Enabling and Controlling Uses of Management Control Systems. Journal of Business Ethics, 151(4), 1139-1160. https://doi.org/10.1007/s10551-016-3259-7
  • Wikhamn, B.R., & Wikhamn, W. (2013). Structuring of the Open Innovation Field. Journal of Technology Management & Innovation, 8(3), 173-185. https://doi.org/10.4067/S0718-27242013000400016
  • Yilmaz, A., & Flouris, T. (2017). Resource Dependency Risk Management. In: Corporate Risk Management for International Business. Accounting, Finance, Sustainability, Governance & Fraud: Theory and Application. Springer, Singapore. https://doi.org/10.1007/978-981-10-4266-9_2
  • Zott, C., Amit, R., & Massa, L. (2011). The Business Model: Recent Development and Future Research. Journal of Management, 37(4), 1019-1042. https://doi.org/10.1007/s10551-013-1827-7