Open Innovation in Global Networks

image of Open Innovation in Global Networks

To match the global demand and supply of innovation, businesses increasingly internationalise their innovation activities while opening their innovation process by collaborating with external partners (e.g., suppliers, customers, universities). This book examines what drives these global innovation networks across different industries, how they are related to companies' overall strategies, whether they are accessible for small and medium-sized enterprises (SMEs) and what the consequences are.


Executive Summary

Globalisation increasingly affects how companies in OECD countries operate, compete and innovate, both at home and abroad. Global competition drastically shortens product life cycles, while the growing integration of different technologies makes innovation riskier and more costly. Companies more and more internationalise knowledge-intensive corporate functions, including R&D, and simultaneously open up their innovation process to collaborate with external partners (suppliers, customers, universities, etc.). This clearly has important implications for policy making, given the contribution of (business) innovation to economic growth. 


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