Abstract
Open innovation has become a popular approach, especially since 2003, as people began purposively managing, evolving and harnessing knowledge flows across organizational boundaries but through increasing connections with systemic knowledge nodes relevant to the innovation process. The creation and appropriation of such knowledge has evolved rapidly with digitalization and the proliferation of broadband networks. Individuals, firms and organizations now connect and coordinate to support innovations openly across innovation systems. This paper proposes an open systems model with institutional underpinnings to not only quicken knowledge flows and expand the networks to a wider range of socioeconomic agents, but also for their inclusive participation in shaping the processes of achieving sustainable development through environmental greening and egalitarian balancing of society. In doing so, using examples, the paper focuses on developments since Schumpeter’s ground-breaking exposition of innovation to explain how individuals, firms, farms and organizations can participate actively in open innovation networks to connect productively with the critical knowledge nodes in society.
Highlights
The emanation, diffusion and appropriation of knowledge has undergone massive changes over time
While scientific knowledge has largely been generated in developed countries, sustaining humankind requires increased emphasis on greening and access for all socioeconomic agents, as well as ensuring that its financing takes care of the interests of both the haves and have-nots
It is pertinent that policies to stimulate growth and structural change are integrated with environmental greening and poverty alleviation initiatives
Summary
The emanation, diffusion and appropriation of knowledge has undergone massive changes over time. Aside from this, Chesbrough’s [5] accounts of open innovation puts too much emphasis on the commercialization of knowledge when the egalitarian needs of society require a public focus to address climate change mitigation and inequality This new model of innovation should address the three fundamental tenets of a vibrant ecosystem built on supporting economic growth and structural change, eliminating poverty and inequality, and greening the environment. This paper aims to design a framework for developing an open innovation system to act as an enabler of innovation creation and appropriation for all socioeconomic agents, and one that directs it to achieve environmental greening while improving income distribution In doing so, this conceptual paper takes on an inductive approach of theorizing based on an evolutionary perspective of institutional changes necessary to induce purposive promotion of open innovation systems [7,8,9,10,11].
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