Theory of Open Inclusive Innovation
The Journal of Open Innovation posted an article which argued that the conventional understanding of open innovation theory is inadequate for dealing with emerging challenges in leveraging contingent conditions of climate risks, asymmetry of knowledge and power and lack of reciprocity and responsibility among the formal and informal actors. To deal with the greater complexity and need for higher frugality and circularity, the open innovation theory will need substantial evolution. The degree of openness among different actors in different domains and at different levels in the society may influence the strategies for harnessing the power of co-creation and network management for distributed knowledge system.
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