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Open Collaborative Innovation: Booster of Solutions for the Challenges of a Global World - Collaborative Processes and Innovation Networks Create Value

Open Collaborative Innovation: Booster of Solutions for the Challenges of a Global World - Collaborative Processes and Innovation Networks Create Value
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Author(s): Maria del Pilar Ramirez Salazar (EAN University, Colombia)and Rafael Ignacio Pérez-Uribe (EAN University, Colombia)
Copyright: 2017
Pages: 19
Source title: Digital Entrepreneurship and Global Innovation
Source Author(s)/Editor(s): Ioan Hosu (Babeș-Bolyai University, Romania)and Ioana Iancu (Babeș-Bolyai University, Romania)
DOI: 10.4018/978-1-5225-0953-0.ch002

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Abstract

Open innovation is a way that allows the incorporation of external knowledge into a company (Chesbrough, 2003). Open collaborative innovation allows to add an external point of view from different interinstitutional and transdisciplinary entities which look the common goal of provide practical solutions to business challenges that arise in a globalized world (Ramirez, 2016). There are seven components in the Open innovation collaborative model: 1) Innovation challenges, 2) Internal-external knowledge, 3) Paradigm change, 4) Leadership, 5) Interinstitutional and transdisciplinary teams, 6) Storytelling, 7) Creative solutions. It also contains six principles which become thirteen interactive variables: 1) Identity, 2) Agreements, 3) Flexibility, 4) Commitment, 5) Recognition, 6) Trust. This research has identified, among the previously mentioned variables, that in order to be more successful leading projects (taking into consideration the “millennials” generation), it is necessary to strength creativity and communication as essential factors.

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