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

Elias G. Carayannis () and Dirk Meissner ()
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Elias G. Carayannis: GWU School of Business (GWU SB)
Dirk Meissner: National Research University Higher School of Economics

The Journal of Technology Transfer, 2017, vol. 42, issue 2, 236-252

Abstract: 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.

Keywords: Open innovation; Globalisation; Innovation culture; Organization of innovation; Innovation process (search for similar items in EconPapers)
JEL-codes: L22 L24 M14 O31 O32 (search for similar items in EconPapers)
Date: 2017
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