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Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

The Practice of Open Innovation in Chinese Enterprises

The Practice of Open Innovation in Chinese Enterprises
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Author(s): Jin Chen (Tsinghua University, China) and Yufen Chen (Zhejiang Gongshang University, China)
Copyright: 2015
Pages: 13
Source title: Economics: Concepts, Methodologies, Tools, and Applications
Source Author(s)/Editor(s): Information Resources Management Association (USA)
DOI: 10.4018/978-1-4666-8468-3.ch062


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Along with the increasing pace and complexity of technology, the importance of external knowledge exploitation has been acknowledged by many researchers and practitioners. How to manage the innovation efficiently is an important issue for firms to enhance competitiveness. Based on the essentials of open innovation, this chapter describes the conditions of openness in the process of innovation in Chinese enterprises. This chapter summarizes some modes for the organization of open innovation in Chinese enterprises, including all employees participate in the innovation process, users involve in the innovation, suppliers participate in the innovation, collaborations with firms in other industries and competitors, cooperation with universities and research institutes, and also intellectual property licensing. Finally, this chapter introduces a case of open innovation practice in Baosteel, which is a famous manufacturing enterprise in China.

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