2023/12/29 by Amon Simba, Mahdi Tajeddin, Mehdi Farashahi +3 · 45 citations
Business, Management and Accounting · #Business #Economics #Entrepreneurship #Family Business Performance and Succession #High tech #Industrial organization #Innovation and Knowledge Management #International Business and FDI #International business #International trade #Internationalization #Management #Marketing #Open innovation #Space (punctuation)
paper · doi:10.1016/j.techfore.2023.123145
published in Technological Forecasting and Social Change 200, 123145 (Elsevier BV)
openalex publication_date 2023/12/29 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/28
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.