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Cooperative Innovation

In: Innovation Through Cooperation

Author

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  • Georg Weiers

    (African Development Bank)

Abstract

How can trusted and fair cooperation work in practice? Making cooperation work in practice is much more difficult than the theory suggests. Many details need to be addressed to make it happen. This includes (i) a good matching between those with ideas and those able to realise them; (ii) a commonly acceptable code of conduct to trading ideas to establish a benchmark for fairness and thus minimise friction and foster better cooperation; (iii) a transparent feedback mechanism to support building up a reputation and thus incentivize cooperation; and (iv) clear support and guidance throughout the innovation process. It is a new approach. To jumpstart it must be simple yet refined enough to make it work.

Suggested Citation

  • Georg Weiers, 2014. "Cooperative Innovation," Management for Professionals, in: Innovation Through Cooperation, edition 127, chapter 11, pages 171-194, Springer.
    • Handle: RePEc:spr:mgmchp:978-3-319-00095-4_11
    DOI: 10.1007/978-3-319-00095-4_11
    as

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