Toward a Framework of the Process of Open Innovation — Case of Acclarent in the Medical Device Industry

Hua-Hsin Wan () and Xiaohong Iris Quan ()
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Hua-Hsin Wan: San Jose State University, One Washington Square, San Jose CA 95192-0070, USA
Xiaohong Iris Quan: College of Business, San Jose State University, One Washington Square, San Jose CA 95192-0070, USA

International Journal of Innovation and Technology Management (IJITM), 2014, vol. 11, issue 05, 1-15

Abstract: Using a case study of Acclarent, a medical device company, this paper attempts to propose a framework to further illustrate the process of open innovation in the medical device industry. We examined five elements in the mechanism of the open innovation process. Our paper shows how the success of Acclarent — a medical device start-up — depends on effective management of the flow of knowledge to satisfy unmet needs, while integrating in-depth knowledge of FDA regulations and third-party payers' reimbursement policies into the product innovation process.

Keywords: Open innovation; medical device company; Acclarent (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (3)

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DOI: 10.1142/S0219877014500321

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