We had an insightful discussion with Wim on how open innovation is not just for large corporations but is also vital for the survival and growth of SMEs.
We talked about the unique ways SMEs need to organize and manage open innovation, which differs significantly from the approaches used by larger companies. Wim provided a detailed overview of the current literature, highlighting key open innovation practices in SMEs and discussing their benefits, challenges, and risks.
We also explored the best practices for managing open innovation and how SMEs can successfully transition from a closed to an open innovation model, along with the important policy implications of these shifts.
