Demystifying the 4Ps in Singapore SMEs: does the government hold the key to open innovation?

Azad Bali, Peter McKiernan, Peter Waring, Christopher Vas

    Research output: Contribution to conferencePaper

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    Abstract

    Open Innovation (OI) should be the saviour of Singapore’s Small to Medium Enterprises (SME). Relative to other South East Asian nations over the last decade, they have suffered from declining productivity levels that have prompted the Singaporean Government to intervene with a plethora of rectifying initiatives. The Singapore Government through its policy levers offers generous financial incentives in the hope to foster a culture of innovation amongst SMEs to boost productivity, create value and contribute to economic growth. However, this assumption is predicated on certain firm—level attributes being exhibited. Consequently, in this paper two key research questions for Singapore SMEs are studied reflecting on firm level attributes - people, platforms, power, processes (4Ps) - and understanding how SMEs respond to government policies within the OI ecosystem. To answer these questions, a benchmarking study of a representative sample of SMEs from the manufacturing sector in Singapore is carried out. Firm level practices relating to technology adoption, innovation culture and firms responses to government policies are extracted and analysed.
    Original languageEnglish
    Number of pages18
    Publication statusPublished - 15 Dec 2016
    Event3rd Annual World Open Innovation Conference - ESADE, Barcelona , Spain
    Duration: 15 Dec 201616 Dec 2016

    Conference

    Conference3rd Annual World Open Innovation Conference
    Abbreviated titleWOIC 2016
    CountrySpain
    CityBarcelona
    Period15/12/1616/12/16

    Keywords

    • Singapore's SMEs
    • small to medium enterprises
    • open innovation

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