Open Innovation and the Rise of Digital
8 Pages Posted: 7 Jun 2019
Date Written: February 19, 2019
The concept of “Open Innovation” has been around for more than 15 years (Chesbrough, 2003), and the use of external innovation sources for many decades before that (Mowery, 2009). However, a new survey of 320 firms across 8 countries reveals that most of the adoption of external sources has only happened recently, and that much of this Open Innovation is in response to the rise of digital technologies.
Keywords: Open Innovation, Innovation, Digital Transformation, Digital Innovation, Management of Innovation
JEL Classification: O33, O32, O31
Suggested Citation: Suggested Citation