High tech companies face continual pressures to innovate, differentiate, and be first to market. Open innovation allows organizations to focus on their core competencies while developing strategic alliances that create win-win relationships and competitive advantages for all parties involved. However, open innovation introduces certain risks and challenges and a consistent framework for open innovation is lacking. This study developed a high-level framework for planning and executing open innovation within the high tech industry. A convenience sample of nine managers experienced in the high tech industry experience and open innovation were interviewed about their perspectives, experiences, and approaches related to open innovation. Results confirmed the lack of open innovation roadmaps or playbooks in use, due to the inherent uncertainty and complexity of open innovation. Diligent vetting of partnerships is critical for success in open innovation, as incompatible partner characteristics can undermine the success of such initiatives.
|Advisor:||Lacey, Miriam Y.|
|School Location:||United States -- California|
|Source:||MAI 58/01M(E), Masters Abstracts International|
|Subjects:||Business administration, Management, Organizational behavior|
|Keywords:||Co-creation, Frameworks, High tech, Open innovation, Partnership, Product innovation|
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