The Way from Open Innovation to Business Model

Author(s):  
JinHyo Joseph Yun
Author(s):  
Raúl Riesco Granadino ◽  
Javier Alfonso Cendón

Internet based networks and core competences; the way we communicate with each other and global economic pressure have changed the way we innovate. In this chapter, a new business model and work philosophy based on “open innovation” are presented. IDTVOS (INTECO Digital Television Operating System), developed by INTECO Labs dept., in collaboration with partners and end users, is the most recent success and serves as an example of this model. IDTVOS, a DTT decoder operating system, provides better interaction and accessibility to digital television services for disabled users. This project is a clear example of open innovation where the technologies developed provide added value for citizens, particularly those with more difficulties, while, at the same time, the knowledge and experience is open and shared with industry to create a new market.


2013 ◽  
pp. 916-930
Author(s):  
Raúl Riesco Granadino ◽  
Javier Alfonso Cendón

Internet based networks and core competences; the way we communicate with each other and global economic pressure have changed the way we innovate. In this chapter, a new business model and work philosophy based on “open innovation” are presented. IDTVOS (INTECO Digital Television Operating System), developed by INTECO Labs dept., in collaboration with partners and end users, is the most recent success and serves as an example of this model. IDTVOS, a DTT decoder operating system, provides better interaction and accessibility to digital television services for disabled users. This project is a clear example of open innovation where the technologies developed provide added value for citizens, particularly those with more difficulties, while, at the same time, the knowledge and experience is open and shared with industry to create a new market.


Author(s):  
Myrna FLORES ◽  
Matic GOLOB ◽  
Doroteja MAKLIN ◽  
Christopher TUCCI

In recent years, the way organizations innovate and develop new solutions has changed considerably. Moving from ‘behind the closed doors’ style of innovating to open innovation where collaboration with outsiders is encouraged, organizations are in the pursuit of more effective ways to accelerate their innovation outcomes. As a result, organizations are establishing creative and entrepreneurial ecosystems, which not only empower employees but also involve many others to co-create new solutions. In this paper, we present a methodology for organizing hackathons, i.e. competition-based events where small teams work over a short period of time to ideate, design, prototype and test their ideas following a user-centric approach to solve a specific challenge. This paper also provides insights into two different hackathons organized in the United Kingdom, and Mexico, as well as a series of 5 hackathons organized in Argentina, Mexico, Switzerland, United Kingdom and in Senegal.


Author(s):  
Krzysztof Świrek

The presented article is an attempt to interpret the historical phenomenon of VHS during the economic transformation in Poland. This technology is understood here as an ideological complex, which functioned on three levels: content distributed on videotapes, a business model, and an offer directed to a broad audience. Through films distributed on tape, VHS was a medium of capitalist realism: it showed capitalist social formation as a background for the way in which individuals experience their lives. VHS was also a transitory phenomenon: as a technology, medium of specific content, and practice it has lost popularity towards the end of the phase of capitalism, with which it was tied.


Author(s):  
Shrutika Mishra ◽  
A. R. Tripathi

Abstract In today’s world, many digitally enabled start-ups are budding all over the globe because of the fast enhancement in digital technologies. For the establishment of new business, it is necessary to adopt a proper business model which needs to define the way in which the company will provide values and the ways in which the customers can pay for their services. This paper aims to study the various business models being used in today’s marketplace and to provide a better understanding for these business models by having an insight on the attributes.


2013 ◽  
pp. 281-293 ◽  
Author(s):  
Hakikur Rahman ◽  
Isabel Ramos

Open innovation in entrepreneurships already finds its acceptance at all levels of the business industry for adding value to the business. The value could be in the form of economic gain or enhancement of knowledge leading to a sustained financial base. Open innovation adopts various strategies to accomplish the task for enhancing the value gain. Varying by size, nature, pattern, or characteristics of the firm various strategies are being adopted by enterprises. Though largely known to be familiar in corporate business houses, in recent years open innovation is also becoming increasingly familiar in small and medium enterprises (SMEs) and the trend is rapidly increasing. However, despite the potency of open innovation strategies, most of the enterprises are yet to find a sustained business model, especially for the SMEs working at the periphery of that value chain. This forms the basis of the current study. This chapter is trying to formulate a business model incorporating partnership approach from academia, research houses, intermediaries, and other stakeholders.


Author(s):  
Hakikur Rahman

While talking about successful entrepreneurship and value addition within an enterprise through innovation, one could comprehend that the innovation paradigm has been shifted from simple introduction of new thoughts and products to accumulation of diversified actions, actors, and agents along the process. Furthermore, when the innovation process is not being constrained within the closed nature of it, the process takes many forms during its evolution. Innovations have been seen as closed innovation or open innovation, depending on its nature of action, but contemporary world may have seen many forms of innovation, such as technological innovation, products/service innovation, process/production innovation, operational/management/organizational innovation, business model innovation, or disruptive innovation, though often they are robustly interrelated.


Author(s):  
María Camila Romero ◽  
Paola Lara ◽  
Jorge Villalobos

The business is an abstraction of the way in which value is created and delivered. The concrete representation is the business model, expressed by a group of artifacts built with different languages. It serves to describe, explain, analyze, design, and evaluate the business. The set of concepts, construction rules, artifacts, and languages required to express it, are defined by a Meta-Business Model (MBM). Multiple authors have proposed different MBMs, each one with a specific motivation and objective. Some of these MBMs are widely recognized and have been applied in contexts like innovation and entrepreneurship. Due to new challenges, such as sustainability, being faced by businesses and given new ways of producing and delivering value, like the sharing economy, Novel Complex Businesses (NCBs) are emerging. NCBs are businesses characterized by circular structures made out of numerous inter-related components, and by creating value out of the product/service schema. While existing MBMs fulfill certain purposes, they do not have the expressiveness required to describe NCBs precisely enough to describe and analyze them. This paper introduces an MBM with the concepts, construction rules, and graphical notation needed to represent NCBs. We also illustrate an NCB and present the results of the validation for our MBM.


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