This is an important paper regarding the effectiveness of existing open innovation policies as applied to small and medium businesses (SME’s). The article examines the motives of these business types. Currently, SME’s use open innovation for market-related topics, finding ways to better service customers, and keeping pace with the competition. Small businesses have not been as aggressive as medium sized in embracing open innovation, but acceptance of the collaborative principles has increased dramatically over a 7-year span.
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