Open Innovation and Stakeholder Engagement
The paradox of open innovation lies in the conflict between the practical desire to reap the benefits of open innovation and concern over the risk that others will misappropriate those benefits. Stakeholder theory and recent developments in value creation through stakeholder engagement can assist wi...
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| Lenguaje: | English |
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Universidad Alberto Hurtado. Facultad de Economía y Negocios
2012
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| Acceso en línea: | http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242012000300001 |
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oai:scielo:S0718-272420120003000012014-09-11Open Innovation and Stakeholder EngagementWayne Gould,Robert open innovation paradox stakeholder engagement misappropriation knowledge leakage collaboration The paradox of open innovation lies in the conflict between the practical desire to reap the benefits of open innovation and concern over the risk that others will misappropriate those benefits. Stakeholder theory and recent developments in value creation through stakeholder engagement can assist with reconciliation of this inherent structural risk. The limitations of existing open innovation typologies are identified, and a process-based model of open innovation is proposed. The model is then expanded to include stakeholder engagement. When integrated with stakeholder engagement, open innovation processes can be understood to generate benefits beyond the acquisition of specific information sought from external experts. The addition of stakeholder engagement to the open innovation model allows for greater understanding and easier acceptance of the risks inherent in the open innovation process.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.7 n.3 20122012-10-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242012000300001en10.4067/S0718-27242012000300001 |
| institution |
Scielo Chile |
| collection |
Scielo Chile |
| language |
English |
| topic |
open innovation paradox stakeholder engagement misappropriation knowledge leakage collaboration |
| spellingShingle |
open innovation paradox stakeholder engagement misappropriation knowledge leakage collaboration Wayne Gould,Robert Open Innovation and Stakeholder Engagement |
| description |
The paradox of open innovation lies in the conflict between the practical desire to reap the benefits of open innovation and concern over the risk that others will misappropriate those benefits. Stakeholder theory and recent developments in value creation through stakeholder engagement can assist with reconciliation of this inherent structural risk. The limitations of existing open innovation typologies are identified, and a process-based model of open innovation is proposed. The model is then expanded to include stakeholder engagement. When integrated with stakeholder engagement, open innovation processes can be understood to generate benefits beyond the acquisition of specific information sought from external experts. The addition of stakeholder engagement to the open innovation model allows for greater understanding and easier acceptance of the risks inherent in the open innovation process. |
| author |
Wayne Gould,Robert |
| author_facet |
Wayne Gould,Robert |
| author_sort |
Wayne Gould,Robert |
| title |
Open Innovation and Stakeholder Engagement |
| title_short |
Open Innovation and Stakeholder Engagement |
| title_full |
Open Innovation and Stakeholder Engagement |
| title_fullStr |
Open Innovation and Stakeholder Engagement |
| title_full_unstemmed |
Open Innovation and Stakeholder Engagement |
| title_sort |
open innovation and stakeholder engagement |
| publisher |
Universidad Alberto Hurtado. Facultad de Economía y Negocios |
| publishDate |
2012 |
| url |
http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242012000300001 |
| work_keys_str_mv |
AT waynegouldrobert openinnovationandstakeholderengagement |
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1714203221977726976 |