WHY: The Strategic Imperative of Open Innovation Labs

Giovanni Schiuma () and Francesco Santarsiero ()
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Giovanni Schiuma: LUM Giuseppe Degennaro
Francesco Santarsiero: LUM Giuseppe Degennaro

Chapter Chapter 2 in Open Innovation Labs, 2024, pp 41-61 from Springer

Abstract: Abstract As we embark on the “WHY” section, this chapter delves into the strategic importance of OILs in the volatile, uncertain, complex, and ambiguous (VUCA) world. Organizations face an imperative need for continuous transformation and digital innovation to remain competitive amidst global disruptions like pandemics, environmental crises, and geopolitical instability. OILs emerge as a pivotal strategy, fostering digital innovation, overcoming barriers, and promoting collaborative approaches. They shift from traditional siloed R&D to open, collaborative models, leveraging diverse perspectives to accelerate market innovations. Aligning with Society 5.0 principles, OILs emphasize resilience, human-centricity, and sustainability, integrating advanced technologies to enhance human capabilities and address societal challenges. The chapter explores human-centric innovation, focusing on real-world needs to develop impactful solutions, and highlights OILs’ role in enhancing organizational resilience through collaboration and continuous learning. By driving sustainability and fostering inclusive, user-centered design, OILs contribute to creating a more equitable and resilient future. Through their strategic, collaborative, and innovative functions, OILs enable organizations to navigate the complexities of modern markets, ensuring sustained growth and competitive advantage.

Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-75533-0_2

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DOI: 10.1007/978-3-031-75533-0_2

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