Journal article
Melissa Vasi, Vincent English
Louis Savenien Dupuis Journal of Multidisciplinary Research, vol. 2, 2023, pp. 9-19
Louis Savenien Dupuis Journal of Multidisciplinary Research, vol. 2, 2023, pp. 9-19
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APA
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Vasi, M., & English, V. (2023). Exogenous crisis and the resilience of SMEs: exploring Open Innovation in the COVID-19 pandemic. Louis Savenien Dupuis Journal of Multidisciplinary Research, 2, 9–19. https://doi.org/10.21839/lsdjmr.2023.v2.90
Chicago/Turabian
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Vasi, Melissa, and Vincent English. “Exogenous Crisis and the Resilience of SMEs: Exploring Open Innovation in the COVID-19 Pandemic.” Louis Savenien Dupuis Journal of Multidisciplinary Research 2 (2023): 9–19.
MLA
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Vasi, Melissa, and Vincent English. “Exogenous Crisis and the Resilience of SMEs: Exploring Open Innovation in the COVID-19 Pandemic.” Louis Savenien Dupuis Journal of Multidisciplinary Research, vol. 2, 2023, pp. 9–19, doi:10.21839/lsdjmr.2023.v2.90.
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@article{melissa2023a,
title = {Exogenous crisis and the resilience of SMEs: exploring Open Innovation in the COVID-19 pandemic},
year = {2023},
journal = {Louis Savenien Dupuis Journal of Multidisciplinary Research},
pages = {9-19},
volume = {2},
doi = {10.21839/lsdjmr.2023.v2.90},
author = {Vasi, Melissa and English, Vincent}
}
Abstract
Open innovation is one of the most discussed themes in managerial literature. However, there are still many questions that scholars have not yet answered. A research question of particular relevance today is: How can open Innovation help SMEs overcome and manage the economic crises caused by a pandemic?
In 2020, a global coronavirus pandemic (COVID-19) emerged that has damaged several sectors, particularly by weakening the economy of small and medium-sized businesses. This paper addresses this issue by examining the literature available to date and provides a theoretical answer by investigating the influence of open innovation on the resilience of SMEs during the COVID-19 outbreak. The paper shows that several companies have leveraged open innovation to address the economic crisis caused by the pandemic. Moreover, open innovation can represent a winning strategy for SMEs in surviving extremely uncontrollable turbulences. A collaborative approach and an open mindset can be the right innovative strategy for SMEs to overcome a crisis caused by unpredictable exogenous factors.
Open innovation is one of the most discussed themes in managerial literature. However, there are still many questions that scholars have not yet answered. A research question of particular relevance today is: How can open Innovation help SMEs overcome and manage the economic crises caused by a pandemic?
In 2020, a global coronavirus pandemic (COVID-19) emerged that has damaged several sectors, particularly by weakening the economy of small and medium-sized businesses. This paper addresses this issue by examining the literature available to date and provides a theoretical answer by investigating the influence of open innovation on the resilience of SMEs during the COVID-19 outbreak. The paper shows that several companies have leveraged open innovation to address the economic crisis caused by the pandemic. Moreover, open innovation can represent a winning strategy for SMEs in surviving extremely uncontrollable turbulences. A collaborative approach and an open mindset can be the right innovative strategy for SMEs to overcome a crisis caused by unpredictable exogenous factors.