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How Does Open Innovation Lead Competitive Advantage?

How Does Open Innovation Lead Competitive Advantage?

By • on November 26, 2019

The Plos One website noted that the relationship between open innovation and a company’s competitive advantage, and organizational capabilities required remains to be explained. This study was conducted to answer the following questions: Does open innovation create organization’s competitive advantage? What types of capabilities are needed

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Startup HaiLa Winner of the 2019 Nokia Open Innovation Challenge

Startup HaiLa Winner of the 2019 Nokia Open Innovation Challenge

By • on November 22, 2019

The FinancialBuzz website reported that the Canadian startup company HaiLa, which offers technologies that can drastically reduce energy consumption for Internet of Things devices, has won the 2019 Nokia Open Innovation Challenge. HaiLa was awarded €100,000 in financial resources. HaiLa beat out more

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Managing Open Innovation: A Project-Level Perspective

Managing Open Innovation: A Project-Level Perspective

By • on November 21, 2019

The IEEExpress website noted that project-level studies on open innovation management are still scant and there is a lack of quantitative insights. Based on a survey designed to collect detailed data from 201 innovation projects, this article provides a quantitative cross-project analysis of how two,

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The Purchasing Innovation Function, an Interface Player in Open Innovation

The Purchasing Innovation Function, an Interface Player in Open Innovation

By • on November 19, 2019

The HAL website reported that the benefits of Open Innovation, and specifically of innovation coming from suppliers, are widely emphasized by the literature. In parallel, the difficulties of implementing such approaches are also underlined, and the necessity of creating new roles is emphasized for managing

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A New Approach for Detecting Open Innovation in Patents

A New Approach for Detecting Open Innovation in Patents

By • on November 17, 2019

The Springer website posted an article from The Journal of Technology Transfer which discusses to what extent open innovation is utilized in R&D departments by using patents as a main source. The paper adopts the “designation of the inventor” as a new method for detecting open or closed innovation,

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A Theory of Resource Openness

A Theory of Resource Openness

By • on November 14, 2019

The Researchgate website posted a research paper which noted that many firms have opened once proprietary  information resources (e.g., digital content, code, and APIs) to public use via the Internet. Such open strategies challenge traditional resource-level theories that suggest protecting such resources

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Assessing the Breadth of Open Innovation Practices

Assessing the Breadth of Open Innovation Practices

By • on November 5, 2019

Sinergie, the Italian Journal of Management,  posted a research paper which first, aims to identify open innovation practices (OIP) used by empirical studies in the context of the open innovation (OI) field. Second, it aims to test the inverted U-shaped relationship between the breadth of OIP and innovation

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How to make IoT in business work for you

How to make IoT in business work for you

By • on November 4, 2019

The Ericsson website noted that finding a business model that secures your enterprise’s future and enables a competitive advantage requires thinking out of the box. Within the Internet of Things (IoT), the mass deployment of sensors and high-resolution data enables new business models for industries

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The Relationship Between Open Innovation and Crowdsourcing

The Relationship Between Open Innovation and Crowdsourcing

By • on November 1, 2019

The Researchgate website posted an article which noted that there are two important differences between open innovation and crowdsourcing. First, the knowledge inflows/outflows of open innovation often take place between parties with ex ante contracts or other commitments. For example, technology alliances,

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Japan’s Healthcare Innovation

Japan’s Healthcare Innovation

By • on October 31, 2019

The Gulf News website reported that the top ten Japanese pharmaceutical firms have established open innovation initiatives that extend beyond the typical pharma remit, encompassing new digital health services and medical devices. Similarly, medical device manufacturers like Olympus, Konica Minolta, Terumo

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