Readiness Analysis of Open Innovation - A Self-assessment Method

Readiness Analysis of Open Innovation - A Self-assessment Method

Mei Na Cheng (The Hong Kong Polytechnic University, Hung Hom, Hong Kong), Chi Fai Cheung (The Hong Kong Polytechnic University, Hung Hom, Hong Kong), Eric Tsui (The Hong Kong Polytechnic University, Hung Hom, Hong Kong) and Kit Ling Wan (The Hong Kong Polytechnic University, Hung Hom, Hong Kong)
Copyright: © 2018 |Pages: 29
DOI: 10.4018/IJKSS.2018100102
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Nowadays, many companies are increasingly turning to open innovation (OI) to generate new business opportunities through the utilization of knowledge, and technology with the external parties. Various researchers and practitioners are paying attention to the development of OI readiness evaluation tools for assessing innovation capabilities in their business activities. However, methods of these evaluation tool are capability-oriented and relatively little attention has been paid to considering mindset and behavior intersect in OI activities at organizational level. In this article, attempts to fill this gap are made by examining organizations' readiness for OI adoption. Particular attention is given to what thinking toward OI, what behavior toward OI, and how mindset affects their behavior for OI adoption in the market and technology activities. The goal is to understand how these understanding can enhance effectiveness for implementing OI activities in the organizations, especially technology-intensive enterprises.
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Open innovation (OI) is one of business concepts used in the innovation and technology management process across organizations for innovation that can share knowledge, increase choices and quality of ideas, lower trading risks as well as improve successful commercialization of ideas (Wei et al., 2018; Huggins and Thompson, 2015; Tsimiklis et al., 2015; Messeni Petruzzelli et al., 2009). Chesbrough (2003) defined that “Open innovation is a paradigm that assumes that enterprises can and should use external ideas as well as internal ideas, and internal and external paths to market, as the enterprises is look for advancing their technology”. In other words, OI is also a strategy in which enterprises allow a flow of knowledge across their boundaries as they look for the ways to enhance their innovation capabilities (Martinez-Conesa et al., 2017; Cheng and Shiu, 2015; Chesbrough and Crowther, 2006). In the globe, there is a marked trend to take very different ways for the adoption of OI in corporations which offers various benefits to different industries, such as shortening time-to-market, gaining access to new technologies and enhancing innovation competencies (Castellano et al., 2016; Wirtz et al., 2015). However, relatively little attention has been paid to the way of understanding of the mindset and behavior intersect in open innovation. In this paper, a self-assessment method has been designed and developed for technology-intensive enterprises to better understand their readiness for open innovation adoption. The results of this study provide insights from how they are getting ready to implementation of open innovation and preliminary understanding on how mindset affects their behaviors for open innovation adoption.

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