The Role of Open-Innovation for Product Development: A Study of Swedish Biotechnology Small-Medium-Sized Enterprises in the Healthcare Sector
In the rapidly-evolving technological landscape of today, even established research and development (R&D) companies are struggling to keep pace with the demands of innovation. It creates difficulties for small-medium-sized enterprises (SMEs) with especially limited resources to maintain competitiveness within the market. This study argues that open innovation practices can provide a solution t