Abstract
PurposeThe purpose of this paper is to systematically review the existing research and summarize the value co-creation mechanism between enterprises and users in crowdsource-based open innovation (COI).Design/methodology/approachCrowdsourcing is an effective means for enterprises to launch open innovation. This paper will first introduce the concepts and forms of open innovation and crowdsourcing, and then define COI.FindingsThis paper will analyze the key parties in innovative tasks, value co-creation mechanism that creates ideas, the interaction of key participants and the process of integrating internal and external resources to realize open innovation.Research limitations/implicationsIn the end, this paper will put forward the theoretical framework for future studies on the development of COI from the perspective of value co-creation.Originality/valueThis thesis will first introduce the concepts and forms of open innovation and outsourcing and then define COI. Then it will systematically review the existing research studies and summarize the value co-creation mechanism between enterprises and users under COI model by analyzing the key parties in innovative tasks, value co-creation mechanism that creates ideas, the interaction mode of key participants and the process of enterprises integrating internal and external resources to realize open innovation.
Highlights
Innovation is at the core of the knowledge-based economy, and it creates enormous social and economic value (Marjanovic et al, 2012)
This paper focuses on the combination of open innovation and crowdsourcing, in which companies acquire knowledge, technologies and resources from users by crowdsourcing on online platforms, achieving the open innovation of products
Crowdsource-based open innovation (COI) is defined as the process by which enterprises crowdsource and organize users to participate in open innovation tasks, to realize value co-creation between users’ ideas and internal resources
Summary
International Journal of Crowd Science Vol 2 No 1, 2018 pp. © Qian Liu, Xin Zhao and Baowen Sun. Published in the International Journal of Crowd Science. The full terms of this licence may be seen at http:// creativecommons.org/licences/by/4.0/legalcode.
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