Abstract:
This research is focused on the fish and seafood export industry of Sri Lanka,
considering its importance to the country’s economy. The objectives of the study
are to investigate the nature of open innovation practices among fish and seafood
exporters in Sri Lanka and to find out the role of open innovation on product and
process development, market identification, market expansion, brand image,
quality control, labelling and certification, sales promotion and advertising, and the
sustainability of the resource base. The empirical study is based on the data obtained
from 26 EU approved fish and seafood processing establishments. A structured
questionnaire followed by interviews with CEOs, R&D heads and quality controllers
were the principal data collection tools. Hansen and Birkinshaw’s capability measure
is used to measure the firm’s level on idea generation, conversion and diffusion.
Processing firms were divided into three groups; idea-rich/poor, conversion rich/poor
and diffusion rich/poor. Hypothesis testing proved the positive relationship between
firm performance and open innovation practices of the firms. Results reveal that firms
are idea rich, conversion and diffusion moderate. Moreover, the study has identified
open innovation partners, the nature of their support and the open innovation process
of the fish and seafood export processors.
