David Jovović

DOI Number
First page
Last page


The paper discusses characteristics of the model of open innovations as an inseparable part of operations of contemporary enterprises and their influence on the development of small and medium-sized business. It starts from the viewpoint that small and medium-sized enterprises make great efforts to use their potentials for growth and development in the best possible way by using the model of open innovations. These efforts involve reliance to own innovation activities and use of external sources of innovations, i.e. the sources which promote the chain of values through external commercialisation of the right to intellectual property at their disposal, as well as commercialisation of the knowledge and innovations of others. These business entities have certain advantages in the innovation process which make them a suitable partner for network connectivity, since they are less bureaucratically organised and often have a pronounced motive to be more successful than large enterprises.


knowledge, innovations, concept of open innovations, small and medium-sized enterprises

Full Text:



Acs, Z. & Audretsch, D. (1988). Innovation in Large and Small Firms: An Empirical Analysis. American Economic Review, 78(4), 678-690.

Afuah, A. (2003). Innovation Management Strategies - Implementation and Profits. Oxford: Oxford University Press.

Annual Report on European SMEs 2015 /2016. Europian Commision.

Bogers M., Afuah A. & Bastian B. (2010). Users as Innovators: A Review, Critique and Future Research Directions. Journal of Management, 36(4), 857–875.

Chesbrough, H. (2006). Open Innovation: The New Imperative for Creating and Profiting from Technology, Boston, Massachusetts: Harvard Business School Press.

Chesbrough, H. (2007). Why Companies Should Have Open Business Models. MIT Sloan Management Review, 48(2), 22-28.

Choi, D. & Valikangas, L. (2001), Patterns of strategy innovation. European Management Journal, 19(4), 424-429.

Cvetanović, D., Nikolić, M. & Pokrajac, S. (2016). Impact of innovation on employment and income of small and medium-sized enterprises in the Republic of Serbia. Facta Universitatis, Series:Economics and Organization, 13(2), 187-203.

Cvetanović, D. (2011). Innovation processes synergy and management company. Ekonomika, 57(4), 139-148.

Cvetanović, S., Despotović, D. & Mladenović, I. (2012). The concept of technological paradigm and teh cyclical movements of the economy. Facta Universitatis, Series: Economics and Organization, 9(2), 149-159.

Cvijić, M., Borocki, J. & Lalić, D. (2012). Otvoreni modeli inovacija [Open models of innovation]. Inovacije i preduzetništvo: alati za uspeh na tržištu EU - Zbornik radova, Beograd: Univerzitet Singidunum, Fakultet za ekonomiju, finansije i administraciju i Centar za promociju nauke, 50-64.

De Backer, K. (2008). Open innovation in global networks. OECD Publishing.

De Bresson, C. & Amesse, F. (1991). Networks of Innovators: A Review and Introduction to the Issue. Research Policy, 20, 363-379.

De Vrande, V., V. De Jong, J., Vanhaverbeke, W. & De Rochemont, M. (2008). Open innovation in SMEs: Trends, motives and management challenges. 'SMEs and Entrepreneurship programme' financed by the Netherlands Ministry of Economic Affairs.

Dirckinck-Holmfeld, L. (2009). Innovation of problem based learning through ict: linking local and global experiences. International Journal of Education and Development using ICT, 5(1).

Gassmann, O. (2006). Opening up the innovation process: towards an agenda. R&D Management, 36(3), 223-228.

Greenhalgh, C. & Rogers, M. (2011). Innovation, Intellectual Property and Economic Growth. Princeton University Press.

Hanna, V. & Walsh, K. (2002). Small firm networks: A successful approach to innovation?. R&D Management, 32(3), 201-207.

Howells, J., James, A. & Malik, K., (2003). The sourcing of technological knowledge: distributed innovation processes and dynamic change. R&D Management, 33(4), 395-409.

Lalić, D. Boricki, J. & Gračanin, D. (2012). Analiza značajnih elemenata konkurentnskog potencijala malih i srednjih preduzeća u Srbiji [Analysis of significant elements of the competitive potential of small and medium enterprises in Serbia]. Inovacije i preduzetništvo: alati za uspeh na tržištu EU - Zbornik radova, Beograd: Univerzitet Singidunum, Fakultet za ekonomiju, finansije i administraciju i Centar za promociju nauke, 222-240.

Michael, S. & Palandjian, T. (2004). Organizational learning in new product introductions. Journal of Product Innovation Management, 21, 268-276.

Mroczkowski, T. (2012). The new players in life science innovation: best practices in R&D from around the world. New Jersey: FT Press.

Narayanan, V. (2001). Managing Technology and Innovation for Competitive Advantage. Englewood Cliffs, New York: Prentice Hall Longman.

OECD. (2010). Assessing the Effects of ICT in Education Indicators, Criteria and Benchmarks for International Comparisons: Indicators, Criteria and Benchmarks for International Comparisons. Ed. Scheurmans, F. & Pedro, F., Joint Research Centre- European Commission, OECD.

Pokrajac, S. (2010). Preduzetništvo: izazovi i putevi „kreativne destrukcije“ privrede Srbije [Entrepreneurship: challenges and paths of "creative destruction" of the Serbian economy]. Beograd: Mašinski fakultet.

Pourdehnad, J. (2007). Idealized design - An “open innovation” process. A presentation from the annual W. Edwards Deming Annual Conference, Purdue University, West Lafayette, Indiana.

Pullen, A., De Weerd-Nederhof, P., Groen, A. & Fisscher, O. (2008). Configurations of external SME characteristics to explain differences in innovation performance. Proceedings of the High Technology Small Firms Conference 2008: Twente University, Netherlands.

Rahman, H. & Ramos, I. (2011). Open Innovation in SMEs: From Closed Boundaries to Networked Paradigm. Issues in Informing Science and Information Technology, University of Minho, Guimaraes, Braga, Portugal, Volume 7, 471-487.

Rigby, D. & Zook, C. (2002). Open-market innovation. Harvard Business Review, 80(10), 80-89.

Romer, P. (2007). Economic Growth. in: Henderson, D. Fortune Encyclopedia of Economics, New York: Time Warner.

Smith, D. (2010). Еxploring Innovation. McGraw-Hill.

Trott, P. (2002). Innovation Managament and New Product Development. Prentice Hall.

Vanhaverbeke, W. (2006). The interorganizational context of open innovation. In: Chesbrough, H., Vanhaverbeke, W. & West, J. (Eds.). Open innovation: researching a new paradigm. Oxford, 205-219.

West, J. & Gallagher, S. (2006). Challenges of open innovation: the paradox of firm investment in open-source software. R&D Management, 36(3), 319-331.



  • There are currently no refbacks.

ISSN 0354-4699 (Print)

ISSN 2406-050X (Online)