Adoption of Open Innovation in the Internationalization of Knowledge Intensive Firms
Involvement in different open innovation activities by using inflows and outflows of knowledge becomes the important premise for a successful business. However, on a global scale, open innovation literature does not pay enough attention to the international dimension, which is essential when seeking to increase the performance of overseas firm’s activities. Therefore, the paper aims to highlight coherences of open innovation and internationalization by analyzing knowledge intensive SMEs in Lithuania. Referring to case studies approach it is disclosed how much firms are open in performing innovative activities by collaborating, how they share knowledge, what main profiles of national and foreign partners are and how open innovation is applied in internationalizing firm’s activity. The research results indicated that firms while innovating were mostly focused on the R&D ecosystem oriented and innovation and entrepreneurship ecosystem oriented networks at the national level. However, when internationalizing firm’s activities, the preference to the international value chain oriented innovation network was disclosed. It contributes to the theory of open innovation from the knowledge intensive firms’ internationalization point of view, especially in the understanding of open innovation’s role in pursuing fast development in foreign markets while providing further knowledge on internationalization of firms originating from Baltic region area.