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Open Innovation: Organizational Challenges of a New Paradigm of Innovation Management

José López Rodríguez () and Antonio Garcia Lorenzo

European Research Studies Journal, 2011, vol. XIV, issue 1, 77-84

Abstract: The goal of this paper is to analyze the main problems that emerge from the open innovation model. Adopting as analytical framework an organizational perspective we divide the main challenges that arise from the management of open innovation in two main categories: coordination problems as a result of open the innovation system to ideas and knowledge that may lie outside the boundaries of the firm and, incentive problems related with the creation and value capture of ideas an knowledge by the innovator. We describe and analyze several problems related with coordination and incentives.

Keywords: Open Innovation; Coordination; Incentives; Intellectual Property (search for similar items in EconPapers)
JEL-codes: M12 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:ers:journl:v:xiv:y:2011:i:1:p:77-84