The Development of Open Innovation Strategy Model on Technology Firm Performance in Shenzhen, China

Last modified: June 29, 2024
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Title: The Development of Open Innovation Strategy Model on Technology Firm Performance in Shenzhen, China

Author: Mr. Wang Shuodong

Advisor: รศ.ดร. เฉลิมเกียรติ วงศ์วนิชทวี – Assoc. Prof. Dr. Chalermkiat Wongvanichtawee

Degree: ปรัชญาดุษฎีบัณฑิต สาขาวิชาการจัดการ – Doctor of Philosophy Program in Management

Major: ปร.ด. การจัดการ – Ph.D. in Management

Faculty: บัณฑิตวิทยาลัย (Graduate School)

Academic year: 2566 (2023)

Published: Journal of MCU Buddhapanya Review https://so03.tci-thaijo.org/index.php/jmbr


Abstract

This research aimed to develop an open innovation strategy model for technology firms in Shenzhen, China. The aim was to enhance firm performance through three objectives: 1) to analyze the impact of various open innovation factors on different performance dimensions of high-tech enterprises in Shenzhen, 2) to identify key drivers and barriers of open innovation practices, and 3) to develop a comprehensive open innovation strategy model to improve technology firm performance. The study population comprised technology firms in Shenzhen, a global hub for technology innovation. The research integrated both quantitative and qualitative methodologies through a mixed-method approach. For the quantitative component, the researcher surveyed a sample of high-tech firms to gather data on their open innovation practices and performance outcomes. The survey encompassed focus group discussions with participants from different enterprise segments. These included CEOs, CTOs, innovation managers, and research specialists split into two focus groups of eight. The groups were surveyed to uncover firms’ unique challenges and opportunities in implementing open innovation practices. The (SEM) analysis utilized AMOS and incorporated confirmatory factor analysis.

The analysis showed results for each topic: 1) The impact of open innovation on performance practices significantly affects performance metrics, including innovative products, innovative services, organizational performance, marketing performance, and financial performance. Empirical data showed strong positive correlations between external technology acquisition and exploitation and improved innovation and economic outcomes; 2) The key drivers and barriers of open innovation include strategic alignment of innovation strategies and overall business goals, which showed significant gains. Limited absorptive capacity and regulatory constraints deter firms from fully embracing external collaboration; 3) The strategic model emphasizes a balanced approach between external technology acquisition and exploitation. It fosters an ecosystem where firms can acquire and share technological knowledge. The insights derived from this study contribute significantly to the theoretical and practical understanding of open innovation. This study also suggests pathways for future research and strategic implementation across various technological domains.

Keywords: open innovation, external technology, open innovation performance, technology firm performance


The Development of Open Innovation Strategy Model on Technology Firm Performance in Shenzhen, China /

6319200014 – Mr. Wang Shuodong The Development of Open Innovation Strategy Model on Technology Firm Performance in Shenzhen, China วิทยานิพนธ์ (Thesis), Advisor: รศ.ดร. เฉลิมเกียรติ วงศ์วนิชทวี – Assoc. Prof. Dr. Chalermkiat Wongvanichtawee, ปริญญาเอก (Doctorate Degree), บัณฑิตวิทยาลัย (Graduate School), ปรัชญาดุษฎีบัณฑิต สาขาวิชาการจัดการ – Doctor of Philosophy Program in Management, ปร.ด. การจัดการ – Ph.D. in Management, Bangkok: Siam University

Academic Year 2023, Graduate School 2023, IMBA, IMBA 2023, Independent Study, Independent Study 2023, Master of Business Administration, Master of Business Administration (International Program) 2023, Master of Business Administration 2023, ปริญญาเอก (Doctorate Degree), บัณฑิตวิทยาลัย (Graduate School), ปรัชญาดุษฎีบัณฑิต สาขาวิชาการจัดการ – Doctor of Philosophy Program in Management,ปร.ด. การจัดการ – Ph.D. in Management

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