Open Innovation Services for Third Parties

The Modul University website posted a research paper which noted that there are open innovation services provided for third parties, which offer organizations the possibility to participate in an open innovation setting without having all the
knowhow and networking capabilities in-house. For facilitating the integration of open innovation services for third parties in practice, there are still gaps regarding i) governance, ii) fairness and rules in open innovation settings, and iii) motivating problem solvers to participate in such initiatives. There are various ways of practically implementing such open innovation services. There is no general superiority of any open innovation practice, such that choosing a suitable approach depends on goals, target groups, context, resources, capabilities, networks and problems. It is essential for practitioners to evaluate those aspects in order to select the most appropriate approach.

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