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Glocal targeted open innovation: challenges, opportunities and implications for theory, policy and practice

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  • Elias G. Carayannis

    (GWU School of Business (GWU SB)
    National Research University Higher School of Economics)

  • Dirk Meissner

    (National Research University Higher School of Economics)

Abstract

In line with the growing number and type of innovation sources and partners, companies’ institutional set up to manage the potential problems of multiple sources and partners for innovation is increasingly challenged to develop and maintain effective and efficient corporate innovation activities. The paper highlights recent developments of open innovation in companies. Findings are based on company case studies involving companies from different industries and company representatives. It shows that open innovation is actually a paradigm long practised but the main efforts are targeted to continuously developing the organization and managerial model of companies to meet the new innovation challenges.

Suggested Citation

  • Elias G. Carayannis & Dirk Meissner, 2017. "Glocal targeted open innovation: challenges, opportunities and implications for theory, policy and practice," The Journal of Technology Transfer, Springer, vol. 42(2), pages 236-252, April.
    • Handle: RePEc:kap:jtecht:v:42:y:2017:i:2:d:10.1007_s10961-016-9497-0
    DOI: 10.1007/s10961-016-9497-0
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    3. Marita McPhillips & Tatjana Nikitina & Silke Tegtmeier & Michał Wójcik, 2022. "What Skills for Multi-Partner Open Innovation Projects? Open Innovation Competence Profile in a Cluster Ecosystem Context," Sustainability, MDPI, vol. 14(20), pages 1-15, October.
    4. Di Vaio, Assunta & Hassan, Rohail & Alavoine, Claude, 2022. "Data intelligence and analytics: A bibliometric analysis of human–Artificial intelligence in public sector decision-making effectiveness," Technological Forecasting and Social Change, Elsevier, vol. 174(C).
    5. Barrett, Gillian & Dooley, Lawrence & Bogue, Joe, 2021. "Open innovation within high-tech SMEs: A study of the entrepreneurial founder's influence on open innovation practices," Technovation, Elsevier, vol. 103(C).
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    7. Issariya Woraphiphat & Pattama Roopsuwankun, 2023. "The impact of online design thinking-based learning on entrepreneurial intention: the case of vocational college," Journal of Innovation and Entrepreneurship, Springer, vol. 12(1), pages 1-18, December.
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    10. Bhawani Bhatnagar & Viktor Dörfler & Jillian MacBryde, 2023. "Navigating the open innovation paradox: an integrative framework for adopting open innovation in pharmaceutical R&D in developing countries," The Journal of Technology Transfer, Springer, vol. 48(6), pages 2204-2248, December.
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    More about this item

    Keywords

    Open innovation; Globalisation; Innovation culture; Organization of innovation; Innovation process;
    All these keywords.

    JEL classification:

    • L22 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Organization and Market Structure
    • L24 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Contracting Out; Joint Ventures
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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