Open Innovation and Collaborative Networks
DOI:
https://doi.org/10.62907/eemr250402010rKeywords:
Open Innovation, Closed Innovation, Collaboration, Knowledge Management, Technological Competence, Sustainability, Inter-firm, Agreements, Innovation Models, Competitive Advantage, Digital AgeAbstract
This paper examines the transition from traditional closed-innovation models, where firms rely primarily on internal knowledge and resources, to open innovation paradigms that emphasize collaboration and external linkages. In highly competitive markets, the rapid pace of technological change has compelled organizations to complement internal research and development with external sources of knowledge through licensing, partnerships, and inter-firm collaboration. Open innovation projects, when effectively managed, can generate significant economic, social, and environmental benefits, although empirical evidence suggests that outcomes are not always aligned with expectations.
The paper highlights the growing importance of collaborative innovation across sectors and organizations, driven by the need to address complex socio-economic challenges and foster sustainability. It also underscores the necessity of further research into how diverse combinations of knowledge - spanning universities, suppliers, and customers - can create complementarities or substitution effects that shape firms’ exploration and exploitation strategies. By providing a comprehensive overview of the opportunities and limitations of open innovation, this paper contributes to a deeper understanding of how enterprises are adapting their innovation models in the 21st century.
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