The roles of entrepreneurial orientation and government support in the open innovation of manufacturing firms: empirical evidence from South Korea

Purpose This study investigates the effect of entrepreneurial orientation and government support on the innovation openness of South Korean manufacturing firms. By compartmentalizing entrepreneurial orientation and government support, this study seeks to elucidate their effects on the breadth and depth of firms' knowledge searches. Design/methodology/approach The study utilizes Poisson regression analysis with empirical data from 2,353 South Korean manufacturing firms collected from Korean Innovation Survey data. Findings Analysis reveals nuanced influences of various factors on firms' open innovation activities. Innovativeness positively affects knowledge search breadth and depth, highlighting the role of innovation-oriented processes, while competitive aggressiveness influences depth, thereby underscoring the pursuit of specialized knowledge acquisition. Proactiveness positively affects breadth but negatively affects depth, suggesting the importance of maintaining broad perspectives. Government support scope positively affects both breadth and depth, reflecting the significance of external support in encouraging inclusive knowledge exploration. The importance of government support positively influences depth, emphasizing its vital role in establishing collaborative relationships to enhance in-depth knowledge acquisition. Originality/value This study provides novel insights by exploring the nuanced implementation of open innovation in latecomer economies, especially South Korea, which experienced rapid economic development by leveraging innovation. The identification of specific factors influencing knowledge search breadth and depth contributes to the literature on open innovation by providing strategic guidelines for firms and policymakers. This practical implications of this study suggest that firms should align their strategies with entrepreneurial orientation while leveraging pertinent government support.

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Publication Details

Journal
Cross Cultural & Strategic Management
Published
2024-08-19
DOI
https://doi.org/10.1108/ccsm-08-2023-0166
Citations
3
Primary Topic
Entrepreneurship Studies and Influences
Type
article
Field-Weighted Citation Impact
2.19
Controls
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article

The roles of entrepreneurial orientation and government support in the open innovation of manufacturing firms: empirical evidence from South Korea

Jungwon Yoon, Soo Jung Oh
3 citations
Cross Cultural & Strategic Management
Entrepreneurship Studies and Influences
2.19
article

The roles of entrepreneurial orientation and government support in the open innovation of manufacturing firms: empirical evidence from South Korea

Jungwon Yoon, Soo Jung Oh
article en
3 citations

Abstract

Purpose This study investigates the effect of entrepreneurial orientation and government support on the innovation openness of South Korean manufacturing firms. By compartmentalizing entrepreneurial orientation and government support, this study seeks to elucidate their effects on the breadth and depth of firms' knowledge searches. Design/methodology/approach The study utilizes Poisson regression analysis with empirical data from 2,353 South Korean manufacturing firms collected from Korean Innovation Survey data. Findings Analysis reveals nuanced influences of various factors on firms' open innovation activities. Innovativeness positively affects knowledge search breadth and depth, highlighting the role of innovation-oriented processes, while competitive aggressiveness influences depth, thereby underscoring the pursuit of specialized knowledge acquisition. Proactiveness positively affects breadth but negatively affects depth, suggesting the importance of maintaining broad perspectives. Government support scope positively affects both breadth and depth, reflecting the significance of external support in encouraging inclusive knowledge exploration. The importance of government support positively influences depth, emphasizing its vital role in establishing collaborative relationships to enhance in-depth knowledge acquisition. Originality/value This study provides novel insights by exploring the nuanced implementation of open innovation in latecomer economies, especially South Korea, which experienced rapid economic development by leveraging innovation. The identification of specific factors influencing knowledge search breadth and depth contributes to the literature on open innovation by providing strategic guidelines for firms and policymakers. This practical implications of this study suggest that firms should align their strategies with entrepreneurial orientation while leveraging pertinent government support.

Cross Cultural & Strategic ManagementVol. 32(1)
Kyungil University (KR), Hanyang University (KR)
Industry, innovation and infrastructure
Openalex Percentile: Top 12%
Entrepreneurship Studies and Influences
2.19
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