Abstract
The paper is aimed to develop a theoretical framework for investigating the main determinants of an organizational open innovation capability and provide a conceptual basis for identifying the core areas which are of importance for effectively managing the implementation of open innovation practices within business organizations. Based on a literature review of research on managerial practices for open innovation collaboration, a definition of a company’s open innovation capability is proposed which places special emphasis on the interrelationship among the strategic components of a business organization’s environment and its dynamic knowledge management capacities. As a result of the study, the integrated model of the organizational open innovation capability is presented that can be used for defining strategic priorities and managerial guidelines for achieving open innovation success. From a practical perspective, companies can apply the proposed conceptual model to review and adjust their organizational open innovation capability on a continuous basis in order to improve innovation performance in the challenging knowledge-intensive business environment.
Highlights
In today’s complex business environment where knowledge and information flows have become decisive elements in achieving and maintaining competitiveness, open innovation activities and collaborative projects are playing an increasingly important role in enhancing a firm’s ability to innovate successfully and have the potential to enable companies to operate more efficiently in dynamic business conditions by producing outstanding innovative outcomes
This paper presents a theoretical framework for investigating the main determinants of an organizational open innovation capability and provides a basis for defining the core areas which are of critical importance for effectively managing the process of open innovation implementation within organizations
Innovation capability in this consideration can be determined in a generalized way as the result of the interrelationship among the strategic components of a business organization’s environment which are crucial to foster enabling conditions for innovation-oriented activities, e.g. resources, knowledge, experience, managerial approaches and techniques, skills, qualifications and competencies, as well as connections with other actors participating in the innovation ecosystem
Summary
In today’s complex business environment where knowledge and information flows have become decisive elements in achieving and maintaining competitiveness, open innovation activities and collaborative projects are playing an increasingly important role in enhancing a firm’s ability to innovate successfully and have the potential to enable companies to operate more efficiently in dynamic business conditions by producing outstanding innovative outcomes. Especially small and medium-sized enterprises, often found it difficult under changing economic and technological conditions to pursue major innovations as well as implement substantial product and process improvements on an ongoing basis through their own efforts, mainly due to the lack of knowledge, experience, financial, technical and technological resources or appropriate skills and functional competencies. The question of what organizational capabilities and managerial competencies from a company’s viewpoint are required to facilitate successful interaction with external partners within an open innovation ecosystem remains contentious
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