This study investigates aging customers as innovators in senior service markets by their innovation potential and characteristics as innovators in development of well-being services. The study focuses on an initiative to develop the service concept of a foundation providing homes for aging people in Finland. The participants generated ideas on housing and rehabilitation services. Organizations ...

Both the cloud computing and open innovation paradigms represent recent phenomenon and as such many unanswered questions still persist. Indeed cloud computing’s full innovation potential may only be fully realised through an open innovation approach. In responding to this research gap we propose a new value creation framework which is based on a review of the literature on cloud computing, inno...

Open innovation has provided more opportunities and broader space for Smalland Mediumsized Enterprises (SMEs for short) in innovative practices, but also brought new challenges to SMEs. Focusing on the performance of SMEs in open innovation, this paper conducts a literature commentary from several aspects including innovation performance, constraints, impact and strategy of improving open innov...

In today’s globalized world, firms are increasingly seen shifting from the traditional innovation model 1 which relied on a firm’s internal R&D to the more porous open innovation paradigm which utilizes resources both internal and external to a firm to come up with innovations. However success in the open innovation paradigm is contingent upon some internal and external factors of a firm. This ...

This paper constructs a model where the identity of subsidized industries changes over time. An increase in the R&D subsidy raises innovation in industries that are currently subsidized, lowers innovation in the others, and raises aggregate innovation.

In the field of Open Innovation, virtual communities set up by companies in order to integrate customers into their innovation process are a new and promising instrument. As there is actually a lack of systematic approaches for designing these communities, in this paper, we propose a pattern based two-step model, which enables non-intuitive design choices for virtual communities for innovations.

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