Innovations
Vol. 9 (2021), Issue 1, pg(s) 7-10

THEORETICAL PROBLEMS IN INNOVATIONS

Open innovation – potential, constraints and prospects

  • 1 Univers ity of Mining and Geology “St. Ivan Rilski”, Sofia, Bulgaria

Abstract

In the last decades innovations are defined as main priority. Overtime they become an instrument for achieving economic growth and social progress, increasing life standard and aiding in resolving difficult economic problems. The integration, globalization and concurrence define the goal of business organizations to become more innovated, adaptive and flexible in order to never stop developing, gain concurrence advantages and preserve their market share. They always have to take into consideration the constant changing conditions, the turbulent business environment and the increased consumer requirements for end products. In response of this necessity a new innovating model has been created and implanted, better known as open innovation. This relatively new modern concept shows significant potential for developing and by doing this it finds a place in the business practice. By proving its effectiveness through achieving positive results, the open innovation is established as a successful and useful model for innovation, outlining different per spectives and new routes for developing business organizations.

Keywords

References

  1. Бичурова, И. Класификация на иновациите. KNOWLEDGE – International Journal Vol. 30.1, March, 2019 / Bichurova, I. Classification of innovations. KNOWLEDGE – International Journal Vol. 30.1, March, 2019
  2. Манолов, В.Исторически преглед на моделите за протичане на иновационните процеси, e-Journal VFU, Issue 10-2017, https://ejournal.vfu.bg/bg/pdfs/VManolov_Statia_4_22.12.2016.pdf / Manolov, B. Istoricheski pregled na modelite za protichane na inovacionnite procesi, e-Journal VFU, Issue 10-2017, https://ejournal.vfu.bg/bg/pdfs/VManolov_Statia_4_22.12.2016.pdf
  3. Arnold, M. The role of open innovation in strengthening corporateresponsibility. International Journal of Sustainable Economy, 3(3), 2011, p. 361–379
  4. Cresbrough, H. Open innovation: The new imperative for creating and profiting from technology. Boston, Harvard Business Press, 2003
  5. Coombs, R. et al. Economics and Technological Change. Rowman & Littlefield, 1987
  6. Hossain, M. Open innovation: So far and a way forward. World Journal of Science Technology and Sustainable Development, 10(1), 2010, p. 30–41
  7. Isckia, T. Ecosystemes d’affaires, stratégies de platform et innovation ouverte: vers une approche integrée de la dynamique d’innovation . Management & Avenir, 2011/6, № 46, p. 157-176
  8. Håkansson, H., & Snehota, I. No business is an island – The network conceptof business strategy. Scandinavian Journal of Management, 5(3), 1989, p. 187–200
  9. Huizingh, E. K. R. E. Open innovation: State of the art and future perspective.Technovation, 31(1), 2011, p. 2–9
  10. Stanko, M. A. et al. Under the wide umbrella of openinnovation. Journal of Product Innovation Management, 34(4), 2017, p. 543– 558

Article full text

Download PDF