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Open Innovation in Value Chain for Sustainability of Firms

Author

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  • JinHyo Joseph Yun

    (Daegu Gyeongbuk Institute of Science and Technology (DGIST), 333 Techno Jungang Daero, Hyeonpung-Myeon, Dalseong-Gun, Daegu 711-873, Korea)

  • Tan Yigitcanlar

    (School of Civil Engineering and Built Environment, Queensland University of Technology (QUT), 2 George Street, Brisbane, QLD 4001, Australia)

Abstract

This piece serves as the guest editorial of the Special Issue on the ‘Open Innovation in Value Chain for Sustainability of Firms’. Firstly, this editorial piece asks whether it is possible for firms to sustain their performance forever. Then, it reviews the popular literature on the value chain. Afterwards, it develops a research framework for open innovation in the value chain, and proposes five ways of open innovation taking place within it. These include user open innovation, customer open innovation, common profit community, together growth community, and inner open innovation. Lastly, this editorial introduces articles from the Special Issue that concentrate on the various open innovation perspectives for firms to achieve sustainability.

Suggested Citation

  • JinHyo Joseph Yun & Tan Yigitcanlar, 2017. "Open Innovation in Value Chain for Sustainability of Firms," Sustainability, MDPI, vol. 9(5), pages 1-8, May.
    • Handle: RePEc:gam:jsusta:v:9:y:2017:i:5:p:811-:d:98409
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    References listed on IDEAS

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    11. JinHyo Joseph Yun & Dooseok Lee & Heungju Ahn & Kyungbae Park & Tan Yigitcanlar, 2016. "Not Deep Learning but Autonomous Learning of Open Innovation for Sustainable Artificial Intelligence," Sustainability, MDPI, vol. 8(8), pages 1-20, August.
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    14. BangRae Lee & DongKyu Won & Jun-Hwan Park & LeeNam Kwon & Young-Ho Moon & Han-Joon Kim, 2016. "Patent-Enhancing Strategies by Industry in Korea Using a Data Envelopment Analysis," Sustainability, MDPI, vol. 8(9), pages 1-17, September.
    15. Hyeokseong Lee & Namil Kim & Kiho Kwak & Wonjoon Kim & Hyungjoon Soh & Kyungbae Park, 2016. "Diffusion Patterns in Convergence among High-Technology Industries: A Co-Occurrence-Based Analysis of Newspaper Article Data," Sustainability, MDPI, vol. 8(10), pages 1-18, October.
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    Cited by:

    1. Belén Payán-Sánchez & Luis Jesús Belmonte-Ureña & José Antonio Plaza-Úbeda & Diego Vazquez-Brust & Natalia Yakovleva & Miguel Pérez-Valls, 2021. "Open Innovation for Sustainability or Not: Literature Reviews of Global Research Trends," Sustainability, MDPI, vol. 13(3), pages 1-29, January.
    2. Yu-Chun Chen & Min-Nan Chen, 2020. "Social Trust and Open Innovation in an Informal Economy: The Emergence of Shenzhen Mobile Phone Industry," Sustainability, MDPI, vol. 12(3), pages 1-18, January.
    3. Alkinoos Psarras & Theodoros Anagnostopoulos & Nikos Tsotsolas & Ioannis Salmon & Lazaros Vryzidis, 2020. "Applying the Balanced Scorecard and Predictive Analytics in the Administration of a European Funding Program," Administrative Sciences, MDPI, vol. 10(4), pages 1-15, December.
    4. Ling Ding & Di Cao & Taohua Ouyang & Jin-xi Wu, 2018. "Promoting the Development of Enterprise Niche: Case Study on China’s Organizational Ambidexterity," Sustainability, MDPI, vol. 10(10), pages 1-14, October.
    5. Maimouna Diouf & Choonjong Kwak, 2018. "Fuzzy AHP, DEA, and Managerial Analysis for Supplier Selection and Development; From the Perspective of Open Innovation," Sustainability, MDPI, vol. 10(10), pages 1-17, October.
    6. Chistov, Valery & Tanwar, Sunita & Yadav, C.S., 2021. "Sustainable Entrepreneurship and Innovation. Addressing the Grand Challenges through Radical Change and Open Innovation," EcoEvoRxiv r5ebg, Center for Open Science.
    7. Obradović, Tena & Vlačić, Božidar & Dabić, Marina, 2021. "Open innovation in the manufacturing industry: A review and research agenda," Technovation, Elsevier, vol. 102(C).
    8. JinHyo Joseph Yun & DongKyu Won & EuiSeob Jeong & KyungBae Park & DooSeok Lee & Tan Yigitcanlar, 2017. "Dismantling of the Inverted U-Curve of Open Innovation," Sustainability, MDPI, vol. 9(8), pages 1-17, August.
    9. František Pollák & Michal Konečný & Deniss Ščeulovs, 2021. "Innovations in the Management of E-Commerce: Analysis of Customer Interactions during the COVID-19 Pandemic," Sustainability, MDPI, vol. 13(14), pages 1-22, July.
    10. Kyuho Jin & Chulhyung Park & Jeonghwan Lee, 2020. "What Determines Innovative Performance of International Joint Ventures? Assessing the Effects of Foreign Managerial Control," Sustainability, MDPI, vol. 12(21), pages 1-20, October.

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