Open Innovation and Stakeholder Engagement
November 5, 2012 Editor 0
The paradox of open innovation lies in the conflict between the practical desire to reap the benefits of open innovation and concern over the risk that others will misappropriate those benefits. Stakeholder theory and recent developments in value creation through stakeholder engagement can assist with reconciliation of this inherent structural risk. The limitations of existing open innovation typologies are identified, and a process-based model of open innovation is proposed. The model is then expanded to include stakeholder engagement. When integrated with stakeholder engagement, open innovation processes can be understood to generate benefits beyond the acquisition of specific information sought from external experts. The addition of stakeholder engagement to the open innovation model allows for greater understanding and easier acceptance of the risks inherent in the open innovation process.
Go to Source
- Engendering security in fisheries and aquaculture: WorldFish systematic review and Indonesia experiences
- The Inevitable Disruption of Television
- From “Just Geeky” to Savvy Entreprenuer – The iHub Jumpstart Series
- How to Reduce ‘Infant Entrepreneur Mortality’
- Making marble from bottles: plastic waste’s second life in Kenya
- What Are the Knowns and Unknown in m-Education?
Supply Chain Management Practices as a Support to Innovation in SMEs From wastewater to biogas and clean water: How a project consortium is contributing to climate change mitigation through agro-industrial waste water recycling.
Subscribe to our stories
- SL Crowd Green Solutions September 21, 2020
- Digital transformation in the banking sector: surveys exploration and analytics August 3, 2020
- Why Let Others Disrupt You? Take the Smart Self-Disruption Journey! August 3, 2020
- 5 Tips for Crowdfunding During the Pandemic August 3, 2020
- innovation + africa; +639 new citations August 3, 2020