scholarly journals Open Innovation and Serial Entrepreneurs

2019 ◽  
Vol 11 (18) ◽  
pp. 5055 ◽  
Author(s):  
Jinhyo Joseph Yun ◽  
MinHwa Lee ◽  
KyungBae Park ◽  
Xiaofei Zhao
Keyword(s):  
Open Innovation ◽  
Industrial Revolution ◽  
Joint Venture ◽  
Innovation Strategy ◽  
Loop Model ◽  
Serial Entrepreneurship ◽  
Serial Entrepreneur ◽  
Innovation Model ◽  
Serial Entrepreneurs ◽  
Medical Device Company

With the advent of the Fourth Industrial Revolution, the role of entrepreneurs has become more crucial than ever. As a result, an open innovation model is suggested here that can promote serial entrepreneurs by answering the following question: “How does the serial entrepreneur in open innovation conditions continuously identify business opportunities?” This question is answered through an in-depth case study of Medison from 1985 to 2016, as Medison is not only a representative Korean medical device company, but is also a representative example of serial entrepreneurship in Korea. First, we examined the diverse open innovation channels, such as spin-offs, venture investment, and joint venture, used by Medison before it was merged with Samsung. Second, we examined the open innovation serial entrepreneurs of Medison and then analyzed the direct serial entrepreneurs of Medison. Fourth, we built a causal loop model of Medison open innovation with emergence and complexity combined. Finally, a sustainable open innovation strategy and an approach to sustainable serial entrepreneurship was formulated. The foundation of this research is as follows. First, an open innovation strategy can be a strong motivator for serial entrepreneurs. Second, a balance between emergence and complexity is required to trigger sustainable serial entrepreneurs of open innovation.

Web-Based Intellectual Property MarketPlace

2011 ◽  
Vol 3 (3) ◽  
pp. 58-68
Author(s):  
Isabel Ramos ◽  
José Fernandes
Keyword(s):  
Intellectual Property ◽  
Open Innovation ◽  
Innovation Management ◽  
Innovation Process ◽  
Innovation Strategy ◽  
Data Bases ◽  
Web Based ◽  
The Past ◽  
Bibliographic Data ◽  
Innovation Model

In the past year, knowledge and innovation management have acquired increasing relevance in organizations. In the last decade, open innovation strategy, and in particular, crowdsourcing innovation model has also gained increasing importance. This model is seen as a new innovation model, capable of accelerating the innovation process. Therefore, it is important to understand how organizations can best take advantage of this innovation model. This paper approaches in two ways for commercializing intellectual property: crowdsourcing innovation, and intellectual property marketplaces. Thus, with the intention of understanding the concepts and practices, the study started by collecting scientific articles through bibliographic data bases. The paper provides knowledge about concepts and practices underlying the ways for commercializing intellectual property. It also contributes with a proposal of architecture for an intellectual property marketplace, based on the analysis of practices about crowdsourcing innovation and intellectual property marketplaces. This architecture is still in a draft stage, but already includes helpful insights for organizations interested in applying the open innovation strategy.

scholarly journals Introduction: Ambidextrous Open Innovation in the 4th Industrial Revolution

2021 ◽  
pp. 097172182110069
Author(s):  
Jinhyo Joseph Yun ◽  
Zheng Liu ◽  
Xiaofei Zhao
Keyword(s):  
Artificial Intelligence ◽  
Open Innovation ◽  
Service Sector ◽  
Industrial Revolution ◽  
Service Innovation ◽  
Financial Service ◽  
Smart System ◽  
Technology Advancement ◽  
Manufacturing Sectors ◽  
Innovation Model

With the popularity of artificial intelligence, big data and Internet of Things, business nowadays is featured with technology advancement, open innovation and collaboration. This happens particularly in the manufacturing sectors, known as the Industrial 4.0 or the 4th Industrial Revolution. Alongside this trend, there is also a movement towards servitisation and service innovation. In the financial service sector, FinTech firms, traditional large firms, intermediaries, users and regulators are actively engaged together to develop a smart system of banking, investing and insurance service. Nevertheless, the sector is facing challenges in relation to security, trust and external disruptions. To solve this, first, this article builds an ambidextrous open innovation model with multi-dimensions, which are motivated by the arriving of the 4th Industrial Revolution. Second, this article applies the ambidextrous open innovation model with multi-dimensions to the financial sectors to validate the model basically. Third, this model is applied to several research studies to obtain additional validation of it.

Open Innovation in Portugal

2012 ◽  
Vol 62 (4) ◽  
pp. 435-458 ◽  
Author(s):  
Aurora Teixeira ◽  
Mariana Lopes
Keyword(s):  
Open Innovation ◽  
Technological Development ◽  
Empirical Studies ◽  
Intermediate Stage ◽  
Third Parties ◽  
Innovation Strategy ◽  
Economic Potential ◽  
Transfer Of Knowledge ◽  
Significant Bias ◽  
Innovation Model

The empirical studies in the area of Open Innovation (OI) reveal that there is a significant bias in favour of countries on the technological frontier. The present study aims to bridge this gap by examining firms in Portugal, a country at an intermediate stage of technological development. Based on 70 innovative firms, we found that whatever perspective of the OI model is considered, firms tend, on average, to share a relatively closed innovation model when compared with firms located in countries where technological development is advanced. About a quarter of the surveyed firms implemented the OI model in their innovation strategy/business, this being much more widely disseminated regarding the absorption of external knowledge/technology, with almost 40% of firms surveyed acknowledging its use in comparison with the perspective of transfer of knowledge/technology to other organisations — less than 10% provide their “surplus technology” to other organisations. This result may indicate a lack of awareness of the economic potential of making internally created technologies available to third parties, albeit this potential might also depend on other circumstances such as technology architecture (the system and interdependence of technologies).

Web-Based Intellectual Property Marketplace

2013 ◽  
pp. 203-213
Author(s):  
Isabel Ramos ◽  
José Fernandes
Keyword(s):  
Intellectual Property ◽  
Open Innovation ◽  
Innovation Management ◽  
Innovation Process ◽  
Innovation Strategy ◽  
Data Bases ◽  
Web Based ◽  
The Past ◽  
Bibliographic Data ◽  
Innovation Model

In the past year, knowledge and innovation management have acquired increasing relevance in organizations. In the last decade, open innovation strategy, and in particular, crowdsourcing innovation model has also gained increasing importance. This model is seen as a new innovation model, capable of accelerating the innovation process. Therefore, it is important to understand how organizations can best take advantage of this innovation model. This paper approaches in two ways for commercializing intellectual property: crowdsourcing innovation, and intellectual property marketplaces. Thus, with the intention of understanding the concepts and practices, the study started by collecting scientific articles through bibliographic data bases. The paper provides knowledge about concepts and practices underlying the ways for commercializing intellectual property. It also contributes with a proposal of architecture for an intellectual property marketplace, based on the analysis of practices about crowdsourcing innovation and intellectual property marketplaces. This architecture is still in a draft stage, but already includes helpful insights for organizations interested in applying the open innovation strategy.

scholarly journals Effects of Emerging-Economy Firms’ Knowledge Acquisition from an Advanced International Joint Venture Partner on Their Financial Performance Based on the Open Innovation Perspective

2021 ◽  
Vol 7 (1) ◽  
pp. 67
Author(s):  
Choo Yeon Kim ◽  
Eun-Hwa Seo ◽  
Canisha Booranabanyat ◽  
Kwangsoo Kim
Keyword(s):  
Financial Performance ◽  
Knowledge Acquisition ◽  
Absorptive Capacity ◽  
Open Innovation ◽  
Joint Venture ◽  
Emerging Economy ◽  
Innovation Performance ◽  
Mediation Effect ◽  
International Joint Venture ◽  
International Joint

Although emerging-economy firms (E-E firms) must have a keen interest in improving their performance by utilizing knowledge transferred from their advanced international joint venture (IJV) partner, there has been little research on the performance implications of E-E firms’ knowledge transferred from their advanced IJV partner. So, drawing on open innovation and organizational learning perspectives, we examine whether, how, and when E-E firms’ knowledge acquisition from their IJV partner has a positive impact on their financial performance. Based on data collected from 127 Thai manufacturing firms with a local IJV partnered with an advanced overseas firm, our results reveal that E-E firms’ knowledge acquisition from their IJV partner has an overall positive influence on their financial performance in terms of growth and profitability. Our results further show that innovation performance mediates the relationship between E-E firms’ knowledge acquisition and their financial performance based on a moderated mediation analysis including innovation performance as a mediator and absorptive capacity as a moderator. It is also found that the positive mediation effect of innovation performance is more pronounced in the presence of higher absorptive capacity than otherwise. That is, our results show that even among E-E firms which have acquired much knowledge from their IJV partner, those with higher absorptive capacity achieve better innovation performance than those with lower absorptive capacity, and improved innovation performance subsequently contributes to producing superior financial performance. The key conclusions, implications, and limitations of our study are presented based on these findings.

scholarly journals The Open Innovation Model of Coaching Interaction in Organisations for Sustainable Performance within the Life Cycle

2018 ◽  
Vol 10 (10) ◽  
pp. 3516 ◽  
Author(s):  
Angelina Roša (Rosha) ◽  
Natalja Lace
Keyword(s):  
Life Cycle ◽  
Open Innovation ◽  
Growth And Development ◽  
Driving Forces ◽  
Life Cycle Stage ◽  
Sustainable Growth ◽  
Business World ◽  
Sustainable Performance ◽  
Life Cycle Stages ◽  
Innovation Model

Organizations need innovation to be competitive and sustainable on their marketplace. Sustainable performance is an important precondition for growth and development. In spite of a body of literature, non-financial factors of sustainable performance remain an open issue. Coaching has gained considerable attention in the business world for its impact on sustainable performance. The current research investigates the use of coaching interaction to facilitate organizational sustainable growth and development in the context of Miller and Friesen’s five stage life-cycle model. The expert opinion survey is chosen as a central method of research. The questionnaire is developed on the literature review that is focused on the drivers for sustainable development throughout the life cycle, and the features of coaching that accelerate these driving forces. Fifteen experts took part in the survey conducted from November 2017 to January 2018. The results are estimated by considering the competence coefficient for each expert. The findings led to creation of an open innovation model, which displays relationships between the appropriate coaching forms and types and the organizational life cycle stages. The developed model enables choosing the optimal way of coaching delivery at any life cycle stage. This model is particularly valuable for the coaching support programs.

scholarly journals Applying Open Innovation Strategies to eGovernment for Better Public Services

Economics ◽  
2015 ◽  
pp. 703-727
Author(s):  
Georgousopoulos Christos ◽  
Ziouvelou Xenia ◽  
Ramfos Antonis ◽  
Kokkinakos Panagiotis ◽  
Anshu Jain ◽  
...  
Keyword(s):  
Service Delivery ◽  
Open Innovation ◽  
Participatory Design ◽  
Public Services ◽  
Service Providers ◽  
Driving Forces ◽  
Democratic Engagement ◽  
Innovation Model ◽  
Innovation Strategies ◽  
Fundamental Transformation

Globalization, increasing automation, and the growth of the Internet are setting up a services-driven world at a scale and pace never before witnessed in history whose novelty is the proactive engagement of service recipients in the process of service delivery. Such change-driving forces will inevitably drive Government enterprises to reconsider the way that they deliver public services. As it has been realized in the industry, the transition of Government enterprises to the services-driven world will call for fundamental transformation in the provision of public services in the future, and a complete new way for Governments to work and interact with their citizens. Towards this direction, the authors propose an open innovation model through a process of democratic engagement between service providers and service recipients, where citizenship is reinstated at the heart of public service delivery. A service engineering methodology to support the proposed citizen-driven participatory design of public sector services is also provided.

scholarly journals Semi open Innovation: an Approach to the Innovation Typology

2018 ◽  
Vol 10 (1) ◽  
pp. 55-81
Author(s):  
Andréia De Fátima Ribeiro Rocha ◽  
Isabel Cristina dos Santos ◽  
Almir Martins Vieira
Keyword(s):  
Open Innovation ◽  
Design Methodology ◽  
Innovation Process ◽  
Technological Education ◽  
Local Conditions ◽  
Innovation Model ◽  
New Perspective ◽  
National Reputation ◽  
Innovation Mode ◽  
Technology Institute

Purpose: This study aims to contribute to the Innovation Models debate from a new perspective on the innovation process, more frequently discussed in a range from closed to open innovation model. Coming into to the discussion in the recent years, called semi open innovation, this modality of innovation has been referenced as one that uses external knowledge, however considers that this knowledge is not a crucial element for the development of innovation. In this present study, semi-open innovation is characterized when the innovation process meets specific conditions of particular set of technologies and companies bounded by the local conditions. Design/Methodology/Approach: it refers to a qualitative study, supported by case studies. Findings: It was observed that the existence of a local Scientific and Technology Institute is a reason to define the location to produce, but did not find evidences of a large use of STI resources or with other local researchers for a product development. We could not clearly identify real open innovation model in practice. However, the proximity of a technological education and University of great national reputation, in addition to providing skilled labour, becomes a source of knowledge that should be used more frequently. Conclusions pointed out that there is a restricted support given by STI. The cases show that two firms practice an open innovation mode. In one case we conclude it refers to semi-open innovation practice.

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