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Knowledge co-creation with multiple stakeholders: the case of SMEs in China

Yue Zhang (School of Management, Hangzhou Dianzi University, Hangzhou, China)
Shanshan Wang (Centre for Care Research and Consultancy (LUCAS), KU Leuven, Leuven, Belgium)
Tayyaba Akram (Faculty of Management Sciences, BUITEMS, Quetta, Pakistan)
Yuxiang Hong (School of Management, Hangzhou Dianzi University, Hangzhou, China)

Journal of Business & Industrial Marketing

ISSN: 0885-8624

Article publication date: 27 January 2023

Issue publication date: 14 November 2023

417

Abstract

Purpose

The purpose of this paper is to explore how small and medium-sized enterprises (SMEs) in China leverage their strengths to engage stakeholders in knowledge co-creation processes and get mutual benefit via knowledge-based view (KBV).

Design/methodology/approach

Based on KBV, the authors conduct a multiple-case study of five SMEs in China to embrace the knowledge co-creation practice using semi-structured interview, organizational documents and onsite observation.

Findings

This study highlights how SMEs leverage their strengths to engage stakeholder to co-create knowledge and practice for the better capturing and utilization of external and internal knowledge. The authors identify three processes of knowledge co-creation for SMEs based on knowledge sharing, knowledge integration and knowledge application in the B2B context. This study finds that SMEs engage their stakeholders in knowledge sharing by building and maintaining trust. The knowledge integration process was driven by the owner’s openness. Mutual learning facilitates the knowledge application process of SMEs.

Research limitations/implications

This study relies on a limited number of case studies and considers only firms’ perspective to analyze the SMEs co-create knowledge with their stakeholders. Further studies could examine the challenge of knowledge co-creation in multiple stakeholders’ relationships in B2B contexts, i.e. in relation to product and service innovation with complexity and uncertainly.

Practical implications

Managers need to make choices when designing knowledge co-creation process in collaborative product development activities. The use of online and offline approaches can help balance requirements in terms of joint problem-solving across firms, the efficiency of knowledge co-creation and effective of knowledge leakage.

Originality/value

The conceptualization of knowledge co-creation as knowledge sharing and knowledge integration and knowledge application extends existing perspective on knowledge co-creation as either a transfer of knowledge or as revealing the novel situation of pertinent knowledge with entirely assimilate it. The findings point to the complexity of knowledge co-creation as a process influenced by stakeholder engagement, perspectives on knowledge, trust of multiple stakeholders, openness of firm boundaries and mutual learning of SMEs with their stakeholders.

Keywords

Acknowledgements

The authors thank anonymous referees and the editors of this journal for their very insightful and constructive comments. This work was supported by the National Natural Science Foundation of China (grant number 72204070), Hangzhou Philosophy and Social Sciences of China (grant number Z22JC091), China Scholarship Council (file number 202109530056). Furthermore, the authors also would like to acknowledge the helpful comments and suggestions of Professor Alton Chua (Nanyang Technological University), who gives professional guidance for the basic framework and theoretical foundation of this research.

Citation

Zhang, Y., Wang, S., Akram, T. and Hong, Y. (2023), "Knowledge co-creation with multiple stakeholders: the case of SMEs in China", Journal of Business & Industrial Marketing, Vol. 38 No. 10, pp. 2170-2182. https://doi.org/10.1108/JBIM-01-2022-0005

Publisher

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Emerald Publishing Limited

Copyright © 2023, Emerald Publishing Limited

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