The Integration of Independent Inventors in Open Innovation

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Author(s): Gavin Smeilus (University of Wolverhampton & Caparo Innovation Centre, UK), Robert Harris (University of Wolverhampton Business School, UK)and Andrew Pollard (University of Wolverhampton & Caparo Innovation Centre, UK)
Copyright: 2012
Pages: 15
Source title: Technological, Managerial and Organizational Core Competencies: Dynamic Innovation and Sustainable Development
Source Author(s)/Editor(s): Farley Simon Nobre (Federal University of Parana, Brazil), David Walker (University of Birmingham, UK)and Robert J. Harris (The University of Wolverhampton Business School, UK)
DOI: 10.4018/978-1-61350-165-8.ch008

Keywords: Business & Management / Business & Organizational Research / Business and Organizational Research / Business Science Reference

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Abstract

Whilst current academic literature points to the growing importance of Open Innovation as a means of companies capturing new products from sources other than internal R & D facilities; the integration of independent inventors, a source of innovative new products, within Open Innovation has proven challenging. This chapter presents a series of preliminary Critical Success Factors, driven by current academic literature, which are intended to positively contribute towards independent inventors becoming more successful suppliers of new product ideas to businesses operating an open innovation model; with the intention that adherence to such factors may have a positive influence on the effectiveness and future sustainability of Open Innovation.

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