The novelty of Open Innovation

University essay from Högskolan i Halmstad/Sektionen för ekonomi och teknik (SET)

Author: Peter Altmann; Carmen Lee; [2011]

Keywords: ;

Abstract: Proponents of Open Innovation argue in support of its novel additions, critics however question its novelty and argue that the roots of Open Innovation predate Chesbrough. We investigate what is novel about Open Innovation by comparing predating theories and concept swith the main themes we found using a literature review. Our results indicate that the novelty of Open Innovation lies in its holistic approach. These findings were synthesized into a star model that could help both scholars and managers in their work with Open Innovation.

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