Open Innovation Policy in National Innovation System

JinHyo Joseph Yun
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JinHyo Joseph Yun: Tenured Researcher of DGIST and Professor of Open Innovation Academy of SOItmC

Chapter 4 in Business Model Design Compass, 2017, pp 49-60 from Springer

Abstract: Abstract The use of purposive inflows and outflows of knowledge to accelerate internal innovation and to expand the markets by external use of innovation has recently become essential not only in business strategies but also national policies. According to a literature review, open innovation policies should have three aspects, namely, knowledge and technology production, distribution, and consumption. If different levels of open innovation policies are introduced into the national innovation system (NIS), different effects occur not only in the short term but also the long term. The fundamental goal of open innovation policy should be vitalizing Schumpeterian dynamics of the open innovation economy system.

Keywords: Open innovation policy; National innovation system (search for similar items in EconPapers)
Date: 2017
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DOI: 10.1007/978-981-10-4128-0_4

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