The Open Innovation Process: Factors and Technologies that Matter (2016–2019)
Open innovation, with its focus on external sources of ideas, is a promising approach for increasing organisational innovation. While uptake of open innovation is on the increase, the lack of understanding of practices and technologies used to successfully introduce it into the firm, limits its usefulness and results in wasted resources. This study investigates open innovation and relevant technologies to understand how conducting it effectively impacts on innovation performance. The study will identify success factors for the idea generation and assessment phases of open innovation, develop guidelines for their application, identify effective technologies and related recommendations for use, and quantify their impact on innovation.