Open Innovation as a Business Model for Enhancing ASEAN Economy

The International Journal of Business and Society posted an article which noted that Intellectual Property plays an important role in contributing to the achievement of national and regional socio-economic development goals which contribute to the region’s competitiveness and productivity. The open innovation paradigm is a business model which has been increasingly adopted globally in the recent decade. This article aims to explore the concept of open innovation as a business model and to analyse the intellectual property systems and intellectual property laws in Malaysia. We conclude that the open innovation business model will certainly provide more effective and comprehensive business regulation for ASEAN countries which contribute to the enhancement of regional economic development.

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