TY - GEN
T1 - Open innovation within loughview timber
T2 - 36th Annual Conference on Association of Researchers in Construction Management, ARCOM 2020
AU - Christopher McLarnon, McLarnon
AU - Spillane, John P.
AU - Bradley, Jim
AU - McCartan, Niall
AU - Nelson, Mervyn
N1 - Publisher Copyright:
© 2020 Association of Researchers in Construction Management.
PY - 2020
Y1 - 2020
N2 - Open Innovation (OI) presents an opportunity for small to medium enterprises (SMEs) to gain a competitive advantage over their peers in their respective markets. This study aims to determine the effectiveness of adopting an open innovation model in the context of SMEs. In doing so, Loughview Timber; a small manufacturer and supplier of timber external door sets, fire rated doors, staircases, windows, based outside of Gilford in Northern Ireland, is used as a case study. They have partnered with the University of Limerick in a knowledge transfer project on product development, using open innovation as a vehicle. Using existing processes and procedures as a base, the study aims to analyse the need for open innovation within Loughview Timber; thus, analysing the effect open innovation would have on the organisation whilst providing recommendations for the company's innovation practices. Based on a review of existing literature, a questionnaire and subsequent review of Loughview Timber's internal documents and market reports, findings emerge. It is recommended that Loughview Timber continue to exploit the benefits of knowledge transfer available, in this case, in the form of InterTradeIreland's FUSION programme, while also looking for further opportunities to partner with other third level educational institutions. Further research is required across a wider range of SMEs to more accurately determine the effectiveness of open innovation on supporting SME's product development activities.
AB - Open Innovation (OI) presents an opportunity for small to medium enterprises (SMEs) to gain a competitive advantage over their peers in their respective markets. This study aims to determine the effectiveness of adopting an open innovation model in the context of SMEs. In doing so, Loughview Timber; a small manufacturer and supplier of timber external door sets, fire rated doors, staircases, windows, based outside of Gilford in Northern Ireland, is used as a case study. They have partnered with the University of Limerick in a knowledge transfer project on product development, using open innovation as a vehicle. Using existing processes and procedures as a base, the study aims to analyse the need for open innovation within Loughview Timber; thus, analysing the effect open innovation would have on the organisation whilst providing recommendations for the company's innovation practices. Based on a review of existing literature, a questionnaire and subsequent review of Loughview Timber's internal documents and market reports, findings emerge. It is recommended that Loughview Timber continue to exploit the benefits of knowledge transfer available, in this case, in the form of InterTradeIreland's FUSION programme, while also looking for further opportunities to partner with other third level educational institutions. Further research is required across a wider range of SMEs to more accurately determine the effectiveness of open innovation on supporting SME's product development activities.
KW - FUSION programme
KW - Industry
KW - InterTradeIreland
KW - Open innovation
UR - http://www.scopus.com/inward/record.url?scp=85096998800&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:85096998800
T3 - ARCOM 2020 - Association of Researchers in Construction Management, 36th Annual Conference 2020 - Proceedings
SP - 95
EP - 104
BT - ARCOM 2020 - Association of Researchers in Construction Management, 36th Annual Conference 2020 - Proceedings
A2 - Scott, Lloyd
A2 - Neilson, Christopher J.
PB - Association of Researchers in Construction Management
Y2 - 7 September 2020 through 8 September 2020
ER -