- Technological innovation: The challenges for labour
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- Innovation: A Guide to the Literature - Oxford Handbooks
Similarly, the growth of Initial Coin Offerings has stimulated lots of excitement, but these vehicles are poorly understood, and our regulatory policies are far behind in managing the risks these pose to investors. And the continued rise in importance of innovation ecosystems has important implications for antitrust regulation, which remains anchored in an earlier model of competition.
Consumers will still need antitrust protection, but cooperation between competitors can be pro-social in certain open innovation contexts.
Technological innovation: The challenges for labour
The articles in this CMR Special Section on Open Innovation highlight some specific aspects that are part of the agenda as described above. They address issues ranging from crowdfunding to coopetition, 32 from startups to incumbent firms, and from frameworks to understand the complexities of open innovation to tools to proactively deal with them. Using a real options framework, the article provides some important implications for how to manage uncertainty and how open innovation plays a role in that process.
The article by Di Pietro, Prencipe, and Majchrzak focuses on startup firms with a specific emphasis on how success is determined by collaboration with investor networks in the face of equity-based crowdfunding campaigns. In the context of open innovation, this article reveals the importance of working within networks—crowd networks in this case—which has important implications for startups, investors, and policymakers alike. The article by Meulman, Reymen, Podoynitsyna, and Romme takes up yet another perspective on searching for partners in open innovation with an interest in how to overcome the constraints of local search.
This is an important question because we need to acknowledge and better understand where the costs and limitations of open innovation lie, and this article highlights some of the challenges within local versus distant search.
More specifically, this article is unique in that it develops and tests a tool that allows organizations to search for relevant open innovation partners based on keywords in relation to key roles and activities. This article illustrates how the tool, through network visualization and semantic algorithms, enables the identification of distant partners as well as overlooked local partners. All in all, the articles in this Special Section on Open Innovation highlight a number of relevant aspects that tap into the current trends and challenges of open innovation, with implications for both research and practice.
They show how both new and old organizations in both emerging and established industries can benefit from open innovation, while they also touch upon some of the costs and challenges of opening up the innovation process.
They offer some useful concepts, tools, frameworks, and other findings that can inform future open innovation research, practice, and policy. The Three Opens represents the basis for a new policy approach to innovation. It creates new institutional arrangements that connect openness in science through public access journals and open data infrastructures to open innovation impacts of flows of data and new combinations of physical and digital knowledge and resources to open to the world global standards around open science, broader and faster dissemination, and eventually faster innovation.
The annual WOIC itself seeks to promote—by using this conference as a platform—this new approach to innovation policy. By connecting industry innovation practice more closely to the growing academic body of work on open innovation, the WOIC hopes to sustain high relevance in academic research, even as that research continues to thrive. Later WOIC events will move outside the United States, to Europe and elsewhere, as we pursue the vision of open innovation in the world. We are extremely grateful to all our colleagues who helped to make the WOIC a success as well as to the participants who contributed with their academic papers, industry challenges, and overall a constructive attitude to help shape the contemporary understanding of open innovation.
This Special Section would moreover never have been possible without the great support and help of David Vogel, Kora Cypress, and the others at the CMR editorial office. More generally, we are indebted to all those academics, managers, and policymakers who have been willing to engage with us to explore the opportunities and barriers of open innovation.
In the end, open innovation can only be a success if it is used in practice, and we hope to contribute with some perspective on how this may be best done in the future.
One of the 50 best EdTech resources for History
Hilgers and C. Mergel and K. Bogers et al. Chesbrough and A. Chesbrough, W. Vanhaverbeke, and J. West Oxford: Oxford University Press, , pp. These goals do not represent a new policy initiative or funding program as such, but a way to reinforce existing programs such as Horizon , and to reinvigorate existing policies such as the European Research Area.
Accessed October 17, With a history of publishing leading-edge research with managerial applications, CMR is uniquely positioned as both a valuable outlet for top business school faculty and an indispensable resource for practitioners. This fits well with the focus of the World Open Innovation Conference WOIC , which similarly seeks to connect the world of theory to that of practice in the domain of innovation studies.
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The description of open innovation as we provide it here also draws in this original work. Chesbrough and M. Chesbrough, op. Enkel, O. Gassmann, and H. Dahlander and D. West and M. Vanhaverbeke, H. Chesbrough, and J. West, A. Salter, W. Vanhaverbeke, and H. Cassiman and G. Faems, M. Andries, and B. Laursen and A. A further elaboration on this theme can be found in Bogers et al. This types of open innovation is discussed at some more length—as part of the larger open innovation model—in some recent publications: Chesbrough and Bogers, op.
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- Technological innovation: The challenges for labour.
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Piller and J. Stanko, G. Fisher, and M. Randhawa, R. Wilden, and J. According to Chesbrough and Bogers, op. Kuhn, Bogers, A. Afuah, and B. Adner and R. Chesbrough, S. Kim, and A. Gawer and M. Holgersson, O.
Innovation: A Guide to the Literature - Oxford Handbooks
Granstrand, and M. Radziwon, M. Bogers, and A. Ritala, V.
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Agouridas, D. Assimakopoulos, and O. A pilot phase of a European Innovation Council will involve a call to support innovations by SMEs with no predefined topics.
This should break the silos in the way funding is typically attributed, give freedom to innovators to follow their own ideas, and provide society with more options to insure against uncertainty. These numbers were drawn from Invest Europe www. The European Commission recently started a new program called Innovation Deals, which for now only focuses on circular economy projects. Afterward, new codes were developed inductively, resulting in a set of first order codes. Next, the first order codes were reevaluated with the goal of finding exhaustive and mutually exclusive categories Krippendorff Coding was independently conducted by two of the authors.
In doing so, justifications for revisions were presented and the definitions for the utilization of codes were generated King The results were compared until a satisfactory level of agreement was realized concerning the evolving template. Following this structure, each category of the work system was jointly discussed to identify the main problems and opportunities related to the operation of the open innovation system.
In order to analyze the online survey, response data was exported into a spread sheet and the most significant insights were transferred into a textual description that was subsequently shared and discussed with all project partners for analytical purposes. In the following section, the results, problems, and opportunities identified throughout the four open innovation projects are presented. This section initially presents the outcomes of the open innovation work system instantiated throughout the action research process. Afterward, it depicts the main problems we encountered throughout this process and presents the envisaged opportunities for improvement.
Based on the evaluation activities described above, we inductively identified several interrelated problems P and opportunities O for establishing a multi-sided open innovation platform as part of a larger work system.
Problems and opportunities were relevant to all four challenges investigated. In the following subsections, these aspects are described according to their overarching themes. Interested seekers were primarily small- and medium-sized enterprises that operated in very specific areas within the med tech industry, such as 3D visioning, orthopedic solutions, or diagnosis technology development. While most of these enterprises regularly collaborate with external actors throughout innovation processes, none of them had ever previously participated in a dedicated open innovation work system.
To educate potential seekers on the new platform, we distributed an extensive set of standardized information. However, standardized information was not well-suited to the individual questions and needs of seekers or solvers P1. Moreover, we found that, despite being very interested in participating, many firms found it difficult to identify and articulate internal innovation challenges that might be addressed by the open innovation approach P2 :.
In this context, the basic service contract the seekers signed did not explain their rights and responsibilities in sufficient detail P3. Seekers must recognize their integral role on the platform, namely since their continuous feedback is mandatory in later stages of the innovation process e. Seekers have to assess the fit between their needs and a proposed solution. Related feedback should be provided swiftly because concept development may be on hold until specific questions are answered:. Here, I wished for faster feedback especially because we solvers work on the solutions during our spare time.
All interviewed solvers expected various benefits from their participation, such as monetary prizes, learning, or career options. In this regard, it was criticized that monetary prizes were only awarded to the best three submissions selected by the seeker, while other motives were not addressed P5.
For instance, solvers consistently stressed that they expected detailed feedback for their work.