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Toward a Framework of the Process of Open Innovation — Case of Acclarent in the Medical Device Industry

Author

Listed:
  • Hua-Hsin Wan

    (San Jose State University, One Washington Square, San Jose CA 95192-0070, USA)

  • Xiaohong Iris Quan

    (College of Business, San Jose State University, One Washington Square, San Jose CA 95192-0070, USA)

Abstract

Using a case study of Acclarent, a medical device company, this paper attempts to propose a framework to further illustrate the process of open innovation in the medical device industry. We examined five elements in the mechanism of the open innovation process. Our paper shows how the success of Acclarent — a medical device start-up — depends on effective management of the flow of knowledge to satisfy unmet needs, while integrating in-depth knowledge of FDA regulations and third-party payers' reimbursement policies into the product innovation process.

Suggested Citation

  • Hua-Hsin Wan & Xiaohong Iris Quan, 2014. "Toward a Framework of the Process of Open Innovation — Case of Acclarent in the Medical Device Industry," International Journal of Innovation and Technology Management (IJITM), World Scientific Publishing Co. Pte. Ltd., vol. 11(05), pages 1-15.
    • Handle: RePEc:wsi:ijitmx:v:11:y:2014:i:05:n:s0219877014500321
    DOI: 10.1142/S0219877014500321
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    Citations

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    Cited by:

    1. Gattringer, Regina & Wiener, Melanie, 2020. "Key factors in the start-up phase of collaborative foresight," Technological Forecasting and Social Change, Elsevier, vol. 153(C).
    2. Carlos Abraham Moya & Vincent Boly & Laure Morel & Daniel Galvez & Mauricio Camargo, 2020. "Characterization of Best Practices for Customer/Supplier Collaboration in Co-innovation Projects," Post-Print hal-03134714, HAL.
    3. Gattringer, Regina & Wiener, Melanie & Strehl, Franz, 2017. "The challenge of partner selection in collaborative foresight projects," Technological Forecasting and Social Change, Elsevier, vol. 120(C), pages 298-310.

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