Towards the open eco-innovation mode: A model of open innovation and green management practices
Small- and medium-sized enterprises (SMEs) have played an income-generating role in economic notions of prosperity in many developed countries, especially Thailand. Inside green economy, fostering eco-innovation by open innovation has become an increasingly new normal issue in Thailand. The ability...
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Taylor & Francis Group
2021
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oai:doaj.org-article:8372d4c08ad44d97a6815725524321302021-12-02T16:25:39ZTowards the open eco-innovation mode: A model of open innovation and green management practices2331-197510.1080/23311975.2021.1945425https://doaj.org/article/8372d4c08ad44d97a6815725524321302021-01-01T00:00:00Zhttp://dx.doi.org/10.1080/23311975.2021.1945425https://doaj.org/toc/2331-1975Small- and medium-sized enterprises (SMEs) have played an income-generating role in economic notions of prosperity in many developed countries, especially Thailand. Inside green economy, fostering eco-innovation by open innovation has become an increasingly new normal issue in Thailand. The ability to identify and collaborate with external knowledge sources and eco-innovative characteristics of SMEs is of essence to policy-makers and firm practitioners. This paper aims to shed the new light on the adoption of open innovation into eco-innovation which leads to the open innovation mode. Simultaneously, eco-innovation requires green management practices to interact with the concept of open innovation. Through structural equation modelling, 636 firms were collected and employed to estimate the proposed model. The prominent results verify: (1) open innovation significantly affects eco-innovation, which allows to obtain the open eco-innovation mode, and (2) open innovation through green management practices contributes significant benefits to eco-innovation. Based on the evidence, policy-makers and firm practitioners can improve the open eco-innovation model by integrating open innovation and eco-innovation with green management practices in their strategic planning and decisions.P. NaruetharadholW. A. SrisathanN. GebsombutC. KetkaewTaylor & Francis Grouparticleopen innovationeco-innovationthe open eco-innovationgreen management practicesthailandsmesBusinessHF5001-6182Management. Industrial managementHD28-70ENCogent Business & Management, Vol 8, Iss 1 (2021) |
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DOAJ |
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DOAJ |
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EN |
| topic |
open innovation eco-innovation the open eco-innovation green management practices thailand smes Business HF5001-6182 Management. Industrial management HD28-70 |
| spellingShingle |
open innovation eco-innovation the open eco-innovation green management practices thailand smes Business HF5001-6182 Management. Industrial management HD28-70 P. Naruetharadhol W. A. Srisathan N. Gebsombut C. Ketkaew Towards the open eco-innovation mode: A model of open innovation and green management practices |
| description |
Small- and medium-sized enterprises (SMEs) have played an income-generating role in economic notions of prosperity in many developed countries, especially Thailand. Inside green economy, fostering eco-innovation by open innovation has become an increasingly new normal issue in Thailand. The ability to identify and collaborate with external knowledge sources and eco-innovative characteristics of SMEs is of essence to policy-makers and firm practitioners. This paper aims to shed the new light on the adoption of open innovation into eco-innovation which leads to the open innovation mode. Simultaneously, eco-innovation requires green management practices to interact with the concept of open innovation. Through structural equation modelling, 636 firms were collected and employed to estimate the proposed model. The prominent results verify: (1) open innovation significantly affects eco-innovation, which allows to obtain the open eco-innovation mode, and (2) open innovation through green management practices contributes significant benefits to eco-innovation. Based on the evidence, policy-makers and firm practitioners can improve the open eco-innovation model by integrating open innovation and eco-innovation with green management practices in their strategic planning and decisions. |
| format |
article |
| author |
P. Naruetharadhol W. A. Srisathan N. Gebsombut C. Ketkaew |
| author_facet |
P. Naruetharadhol W. A. Srisathan N. Gebsombut C. Ketkaew |
| author_sort |
P. Naruetharadhol |
| title |
Towards the open eco-innovation mode: A model of open innovation and green management practices |
| title_short |
Towards the open eco-innovation mode: A model of open innovation and green management practices |
| title_full |
Towards the open eco-innovation mode: A model of open innovation and green management practices |
| title_fullStr |
Towards the open eco-innovation mode: A model of open innovation and green management practices |
| title_full_unstemmed |
Towards the open eco-innovation mode: A model of open innovation and green management practices |
| title_sort |
towards the open eco-innovation mode: a model of open innovation and green management practices |
| publisher |
Taylor & Francis Group |
| publishDate |
2021 |
| url |
https://doaj.org/article/8372d4c08ad44d97a681572552432130 |
| work_keys_str_mv |
AT pnaruetharadhol towardstheopenecoinnovationmodeamodelofopeninnovationandgreenmanagementpractices AT wasrisathan towardstheopenecoinnovationmodeamodelofopeninnovationandgreenmanagementpractices AT ngebsombut towardstheopenecoinnovationmodeamodelofopeninnovationandgreenmanagementpractices AT cketkaew towardstheopenecoinnovationmodeamodelofopeninnovationandgreenmanagementpractices |
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