Leveraging Inbound Open Innovation: An Empirical Investigation of Its Effects on Firm Performance in the High-Tech Industry

Abstract

This study conducts an empirical investigation to explore the effects of inbound open innovation on firm performance within the high-tech industry context. Drawing on a sample of firms operating in the high-tech sector, the analysis examines the extent to which firms engage in inbound open innovation activities, such as collaboration with external partners, technology scouting, and knowledge acquisition from external sources. Furthermore, the study examines how these inbound open innovation practices influence various dimensions of firm performance, including innovation output, financial performance, and market competitiveness. The findings reveal significant positive relationships between inbound open innovation activities and firm performance indicators. Specifically, firms that actively engage in inbound open innovation exhibit higher levels of innovation output, as evidenced by increased patent filings, product launches, and R&D productivity. Moreover, improvements in financial performance metrics, such as profitability and revenue growth, are observed among firms that effectively leverage inbound open innovation. Additionally, firms embracing inbound open innovation practices demonstrate enhanced market competitiveness, as reflected in market share gains and customer satisfaction levels.