Readiness Analysis of Open Innovation - A Self-assessment Method

Introduction

Open innovation (OI) is one of business concepts used in the innovation and technology management process across organizations for innovation that can share knowledge, increase choices and quality of ideas, lower trading risks as well as improve successful commercialization of ideas (Wei et al., 2018; Huggins and Thompson, 2015; Tsimiklis et al., 2015; Messeni Petruzzelli et al., 2009). Chesbrough (2003) defined that “Open innovation is a paradigm that assumes that enterprises can and should use external ideas as well as internal ideas, and internal and external paths to market, as the enterprises is look for advancing their technology”. In other words, OI is also a strategy in which enterprises allow a flow of knowledge across their boundaries as they look for the ways to enhance their innovation capabilities (Martinez-Conesa et al., 2017; Cheng and Shiu, 2015; Chesbrough and Crowther, 2006). In the globe, there is a marked trend to take very different ways for the adoption of OI in corporations which offers various benefits to different industries, such as shortening time-to-market, gaining access to new technologies and enhancing innovation competencies (Castellano et al., 2016; Wirtz et al., 2015). However, relatively little attention has been paid to the way of understanding of the mindset and behavior intersect in open innovation. In this paper, a self-assessment method has been designed and developed for technology-intensive enterprises to better understand their readiness for open innovation adoption. The results of this study provide insights from how they are getting ready to implementation of open innovation and preliminary understanding on how mindset affects their behaviors for open innovation adoption.