The Requirements to Shift from Close Innovation into Open Innovation

Journal Title: Roshd-e-Fanavari - Year 2016, Vol 12, Issue 46

Abstract

Open innovation represents an emergent paradigm, which organizations must become familiar with and apply it in practice sooner or later in order to survive and prevent their failure. Factors such as diffusion of knowledge, increasing costs and complexity of R&D, the shortening of the technology life cycles, the growth of venture capital and presence of knowledgeable suppliers and clients, have weakened the close innovation paradigm. So, self-sufficient, inward focus, monopoly of knowledge and capital investment on internal research, does not create competitive advantages for organizations any more. In open innovation era, organizations make use of both internal and external resource of knowledge to drive their innovation processes, also search different internal and external ways to develop their markets. With regard to inescapable deployment of open innovation, now the question is what items should be considered by organizations in the shift from close innovation to open innovation? In other words, what are the requirements for implementing open innovation approach in organizations? This paper will answer the question by review of pervious research to identify and describe dimensions which could lead organizations in order to implement open innovation. These dimensions which named “the requirements to shift from close innovation into open innovation” and presented in conceptual framework of paper, are: networking, open innovation processes, organizational structures and knowledge management systems. Organizations should notice these dimensions interact each other, so change along one dimension will impact on the others.

Authors and Affiliations

Manochehr Manteghi, Parisa Hasan Abadi

Keywords

Related Articles

How to Allocate University Spin-off Companies Equity Among their Owners

"iranian academic sector is approaching research commercialization, although, creation of university spin-offs is an initial experience in this sector. Legislation of “knowledge based firms support and commercialization...

Entrepreneur Universities, National Innovative System and Knowledge-based Development.

"Knowledge-based development as the key element of the country's 20- year National Vision as well as the fourth Development Plan requires National innovation system (NIS) to facilitate innovations in both macro and micro...

Open Innovation & Stakeholders Engagement

The paradox of open innovation lies in the conflict between the practical desire to reap the benefits of open innovation and concern over the risk that others will misappropriate those benefits. Open innovation models br...

An Introduction to Knowing Technology Patents

"According to patent laws, an invention to be granted as patent needs various factors such as novelty, non obviousness and industrial applicability. Meanwhile, in nanotechnology we have faced with very small dimensions....

Knowledge Management; Theories, Technologies and Approaches

"Knowledge management as an academic discipline evolved from the thinking of experts such as Peter Drucker in the 1970s, KarlErik Sveiby in the late 1980s, and Nonaka and Takeuchi in the 1990s. This paper places Knowledg...

Download PDF file
  • EP ID EP174773
  • DOI -
  • Views 69
  • Downloads 0

How To Cite

Manochehr Manteghi, Parisa Hasan Abadi (2016). The Requirements to Shift from Close Innovation into Open Innovation. Roshd-e-Fanavari, 12(46), 26-34. https://europub.co.uk/articles/-A-174773