Investigating the Impact of Open Innovation on the Creation and Growth of Technology-Oriented Startups

Authors

    Elahe Rahimi PhD student, Department of Business Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran
    Abbas Heidari * Assistant Professor, Department of Business Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran heydari.abbas@gmail.com
    Behrooz Ghasemi Assistant Professor, Department of Business Management, Central Tehran Branch, Islamic Azad University, Tehran, Iran
https://doi.org/10.61838/kman.jtesm.2.3.4

Keywords:

Retail Business, Logistics and Distribution, Innovative Technologies, Qualitative Research, Process Improvement, Socio-Economic Impact

Abstract

This study aims to explore how open innovation strategies influence the development and growth of technology-oriented startups. Utilizing a qualitative research approach, data were collected through semi-structured interviews with 20 participants, including entrepreneurs, startup managers, and innovation experts. Four main themes were identified: the significance of open innovation in product development, the role of strategic collaborations, the effects of open innovation on capital attraction, and challenges related to intellectual property and trust. These themes highlight the benefits and obstacles startups encounter when implementing open innovation strategies. Open innovation plays a crucial role in enhancing the innovative performance and growth of technology-oriented startups. Successful implementation of open innovation strategies requires a strong organizational culture, effective knowledge management capabilities, and trust-based relationships.

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Published

2023-12-06

Submitted

2023-10-01

Revised

2023-11-18

Accepted

2023-11-30

Issue

Section

مقاله کیفی

How to Cite

Rahimi, E., Heidari, A., & Ghasemi, B. (2023). Investigating the Impact of Open Innovation on the Creation and Growth of Technology-Oriented Startups. Journal of Technology in Entrepreneurship and Strategic Management (JTESM), 2(3), 28-38. https://doi.org/10.61838/kman.jtesm.2.3.4

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