An Obstacle Factor Analysis and Suggestions for Implementing Open Innovation

Abstract

Currently, the introduction of open innovation is considered as one of the important topics for the survival strategy, especially, in the ICT industry that has been continuously seeking to innovative ideas more quickly and effectively from the markets. In fact, implementing open innovation requires a high degree of technological openness and compatibility across organizations. But, cases are often reported that many businesses are going down the tubes during implementation of open innovation. This study tried to find the obstacle factors and their solutions based on a variety of preceding studies and case studies about the introduction of open innovation and the usage of collective intelligence, and also through conducting in-depth interview as a qualitative approach with both the organizers and participants of the startup alliance program and the open contest sponsored by the multi-national ICT companies in South Korea which is identified as one of the successful cases of open innovation. From the study, we hope it would offer helpful advice to bring a successful implementation of open innovation for ICT companies.