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External Knowledge Sourcing and Innovation Processes in Modern Economic Environment

Author

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  • Roszkowska Dorota

    (Department of Economics and Management, University of Bialystok, Poland)

Abstract

In an open and digital economy where ICTs, global networks and innovation systems play a key economic role, knowledge used by companies is increasingly gathered using different external sources. Rapidly changing technology enables companies to use new ways to innovate. New innovation processes permit companies to reduce risk and the costs of innovation. New paradigms, called open innovation and co-innovation, allow organizations to remain innovative in a rapidly changing environment. The objectives of this paper are: to provide a better understanding of open innovation and co-innovation paradigms and to suggest instruments for organizations to benefit from co-innovation ecosystem.

Suggested Citation

  • Roszkowska Dorota, 2017. "External Knowledge Sourcing and Innovation Processes in Modern Economic Environment," International Journal of Management and Economics, Warsaw School of Economics, Collegium of World Economy, vol. 53(2), pages 39-56, June.
    • Handle: RePEc:vrs:ijomae:v:53:y:2017:i:2:p:39-56:n:4
    DOI: 10.1515/ijme-2017-0011
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    References listed on IDEAS

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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    external knowledge; innovation management; innovation process; co-innovation; open innovation;
    All these keywords.

    JEL classification:

    • L17 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Open Source Products and Markets
    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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