Open innovation as a strategy for collaboration-based business model innovation: The moderating effect among multigenerational entrepreneurs.

ABSTRACT: The aim of this study was to investigate the existence of collaboration-based business model innovation through an open innovation strategy among multigenerational-cohort SMEs in the context of the Thailand setting. This current research identified four key antecedents of open innovation based on resource and capability review. Open innovation is examined in two main strategies: (1) open innovation breadth and depth, and (2) open innovation cooperation. Using survey data from family-owned SMEs in Thailand, we estimate multigroup structural invariance models considering four generational cohorts by age: Generation Z, Generation Y, Generation X, and Baby Boomers. The empirical results indicated that family business owners are more likely to pay attention to innovative human capital and strat

SUBMITTER: Srisathan WA 

PROVIDER: S-EPMC9182317 | biostudies-literature | 2022

REPOSITORIES: biostudies-literature