Driving innovation and continuous improvement with regard to ecological, environmental and human sustainability is essential for win–win globalization. That calls for research on strategic and monitoring planning to manage globalization and technological and scientific change. This paper describes a new basic function of the university institution ‘to teach students to be critical about any kin...

Innovation has become a recognized driver of economic prosperity of a country through sustained growth of its entrepreneurships. Moreover, recently coined term open innovation is increasingly taking a lead in enterprise management in terms of sustained profitability. Foci of researchers and practitioners are revolving around innovation methods, processes, and strategies. This chapter seeks to f...

Today’s product companies (original equipment manufacturers, or OEMs) increasingly outsource production, especially when the activities are asset intensive or require process technologies characterized by rapid innovation. When such an OEM also outsources the procurement of the required materials, especially to the party providing the production services, the OEM risks unpleasant surprises, suc...

R&D has always been considered a strategic asset of companies. Traditionally, companies that have their own R&D function are better prepared to compete in the globalized economy because they are able to produce the knowledge and technology required to advance products and services. SMEs also need to become highly innovative and competitive in order to be successful. Nevertheless, their ability ...

this study aims to examine how open innovation can be effective in changing organizational inertia to create business model innovation and improve firm performance. it also seeks to explore whether the existence of open innovation has a mediating effect and influence. this study constructs a theoretical model to explore the relationship between latent variables and uses a questionnaire to colle...

1. OPEN INNOVATION Open innovation was defined by Henry Ches-broug, a professor at Harvard Business School, in 2003. He believes that in an open innovation model, companies should use internal and external strength to develop new products and to commercialize them (Chesbrough, 2005). Figure 1 shows the open innovation model. In the closed innovation model, the steps from new products developmen...

This paper examines the implications for research into the diffusion of innovations (DOI) arising from a growing body of literature in two related fields. The first area concerns the debate on the role of regional and national systems of innovation (NSI) in the innovation process. The second area deals with the argument that enterprises must move from a “closed innovation” to an “open innovatio...

Cultivating collective innovation while preserving the interest of the individual contributors is one of the main challenges collaborative innovation networks face. This challenge is riddled with difficulties in managing individuals’ co-innovation risks. The first step toward understanding co-innovation risks is the development of a valid and reliable model to measure the actors’ perception of ...

The study of the relationships between innovation and the competitiveness of industries is an important topic for both, academic research and economic policy. The huge economics literature flourished in the last couple of decades on the subject broadly falls into two distinct research traditions, namely themainstreamR&D spillovers approach and the evolutionary economics view. Both traditions ag...

Innovation has become one of the most important issues in modern knowledge society. As opposed to radical innovation this paper introduces the concept of Emergent Innovation: this approach tries to balance and integrate the demand both for radically new knowledge and at the same time for an organic development from within the organization. From a more general perspective one can boil down this ...