Open Innovation strategy : Exploring challenges and opportunities

Abstract: Innovation strategy has been playing an important role on innovation development in industrial firms. Extant studies have investigated in particular open innovation strategy.  By using a qualitative case study, I have conducted a research in an Indonesian R&D firm that has implemented an open innovation strategy. The purpose of this research is to add more information and confirm existing knowledge by exploring challenges and opportunities during the implementation of an open innovation strategy. I identify many challenges which are found in several aspects of innovation development such as collaboration management, assets protection and accessing external knowledge. Furthermore, the opportunities that I found are related with enhancement of license strategy, nurture of employee’s loyalty and establishment of various collaboration forms. These challenges and opportunities occurred due to the influence of the openness paradigm. The results of this study also confirm previous research result on the adoption of the partly open innovation scheme and the layered collaboration scheme. RQ: what are the firm-level challenges and opportunities with using an open innovation strategy?