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The Biases That Derail Open Innovation Initiatives
The European Business Review posted a study which asked the question, Why do many open innovation initiatives return underwhelming results? The author’s research on open innovation over the past decade provides an answer: Organizations often fail to recognize the potential of exceptional ideas from external innovation partners because they are
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Are Small and Medium Enterprises the Overlooked Engines of Innovation?
The Forbes website reported that SMEs are frequent participants in open innovation partnerships with a range of stakeholders. Research from the European Commission highlights that this process can be improved with effective support, however. The study identified four key challenges that prevent SMEs
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Firm’s Strategies and Business Models for Growth Based on Open Innovation
The Nota Bene website reported that the concept of open innovation, which emerged in the early 2000s, has now been put into practice. Using the example of many firms, it was found out that the skillful use of the methodology of open innovation makes it possible to make a qualitative leap in the development
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What Skills for Multi-Partner Open Innovation Projects?
The MDPI website posted an article from the journal Sustainability which noted that Industry 4.0 and the turbulent environment have rendered increasing interest in open innovation that extends from the bilateral transmission of expertise to multilateral platform collaborations. Open innovation ventures
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Closing Open Innovation
An article by Henry Chesbrough and several other scholars to appear in Strategic Management Review notes that the literature on open innovation has documented how companies expand their boundaries to become more open, leaving out how boundaries narrow as open innovation relationships end—the closing
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Managing Strategic Changes in Personnel Resistance to Open Innovation in Companies
The MDPI website posted the abstract of a paper whose aim is to develop theoretical, methodological, and applied foundations and practical recommendations for managing strategic changes in personnel resistance to open innovations in companies. The following special methods were used in the research process:
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Overcoming the Ability-Willingness Paradox in Small Family Firms’ Collaborations
The Springer website posted a study which noted that open innovation constitutes a central strategy for small firms in general and for family firms. However, not all small firms are equally able to govern these collaborations. There are significant differences in the ways small family- and non-family
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The Effect of Attitude on Innovation Generation in Open Innovation Teams
The Journal of Economics & Management Sciences noted that open innovation has been studied in many different sample groups and cultures. However, relationship between open innovation attitude and open innovation generating capacity on open innovation teams has been little investigated. In consequence
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EU’s Project Phoenix is Helping Nanopharmaceuticals Take Flight
The AZO Nano website reported that a novel nanomedicine initiative, Project Phoenix, has been funded by the EU’s Horizon2020 Framework Program, which comprises 11 project partners from academia and industry within Europe. Project Phoenix is based on advancing nanopharmaceuticals with the aim to create
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Open Innovation Strategies and SMES’ Performance: The Mediating Role of Eco-Innovation in Environmental Uncertainty
The Sciendo website posted a study which noted that several previous studies examined how open innovation strategies could affect eco-innovation amid research debates about environmental conservation in corporate innovation. This study aims to prove the effect of open innovation strategies on creating
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