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Glocal targeted open innovation: challenges, opportunities and implications for theory, policy and practice

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Abstract

In line with the growing number and type of innovation sources and partners, companies’ institutional set up to manage the potential problems of multiple sources and partners for innovation is increasingly challenged to develop and maintain effective and efficient corporate innovation activities. The paper highlights recent developments of open innovation in companies. Findings are based on company case studies involving companies from different industries and company representatives. It shows that open innovation is actually a paradigm long practised but the main efforts are targeted to continuously developing the organization and managerial model of companies to meet the new innovation challenges.

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Acknowledgments

The article was prepared within the framework of the Basic Research Program at the National Research University Higher School of Economics (HSE) and supported within the framework of the subsidy granted to the HSE by the Government of the Russian Federation for the implementation of the Global Competitiveness Program.

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Authors and Affiliations

  1. Science, Technology, Innovation and Entrepreneurship (STIE), European Union Research Center, GWU School of Business (GWU SB), Washington, DC, USA

    Elias G. Carayannis

  2. National Research University Higher School of Economics, Moscow, Russia

    Elias G. Carayannis & Dirk Meissner

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  1. Elias G. Carayannis
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  2. Dirk Meissner
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Correspondence to Dirk Meissner.

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Carayannis, E.G., Meissner, D. Glocal targeted open innovation: challenges, opportunities and implications for theory, policy and practice. J Technol Transf 42, 236–252 (2017). https://doi.org/10.1007/s10961-016-9497-0

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  • DOI: https://doi.org/10.1007/s10961-016-9497-0

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