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Managing Intellectual Capital for Open Innovation: Components and Processes?

In: The Dynamics of Intellectual Capital in Current Era

Author

Listed:
  • Muhammad Faraz Mubarak

    (School of Economics and Business, Kaunas University of Technology)

  • Monika Petraite

    (School of Economics and Business, Kaunas University of Technology)

  • Kristina Kebure

    (School of Economics and Business, Kaunas University of Technology)

Abstract

Open innovation (OI) and Intellectual capital (IC) remain important in innovation and management research. In this chapter, we aim to address the linkage of Knowledge Management (KM) processes, practices, and strategies with the dimensions of IC, to ultimately enhance open innovation. In addition, this chapter also contributes towards establishing the connection between the fields of IC and KM. In this regard, we have also discussed the role of absorptive capacity. Moreover, the relationship of IC and OI paradigm is established by raising the question that how IC and OI are related to each other, with respect to the dimensions and process? And how IC can improve open innovation’s success? Since KM is considered a stimulus in this connection, whereby, we address the question that how KM synergizes with intellectual capital? And how it further enhances the interplay of intellectual capital and open innovation? In a nutshell, the novelty of our chapter is also the combining and using of IC and KM for improving the open innovation which has not carried out previously in this way. To answer the questions raised in this chapter, we adopted a literature review methodology in which we have reviewed the literature including research papers and book chapters on the areas of IC, OI and KM. In next sections, the main concepts of this study including Intellectual Capital, Open Innovation, and Knowledge Management are theorized. Further than, the connections of IC & KM, and IC & OI are explained. After that, a conceptual model is presented, followed by the summary and practical implications.

Suggested Citation

  • Muhammad Faraz Mubarak & Monika Petraite & Kristina Kebure, 2021. "Managing Intellectual Capital for Open Innovation: Components and Processes?," Springer Books, in: Muhammad Shahbaz & Muhammad Shujaat Mubarik & Tarique Mahmood (ed.), The Dynamics of Intellectual Capital in Current Era, pages 149-169, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-1692-1_7
    DOI: 10.1007/978-981-16-1692-1_7
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