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Open Innovation of James Watt and Steve Jobs: Insights for Sustainability of Economic Growth

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  • JinHyo Joseph Yun

    (Daegu Gyeongbuk Institute of Science and Technology (DGIST), 333, Techno Jungang-daero, Hyeonpung-myeon, Dalseon-gun, Daegu 42988, Korea)

  • Kwangho Jung

    (Korea Institute of Public Affairs, Graduate School of Public Administration, Seoul National University, 1 Gwanak-ro, Gwanak-gu, Seoul 086626, Korea)

  • Tan Yigitcanlar

    (School of Civil Engineering and Built Environment, Queensland University of Technology (QUT), 2 George Street, Brisbane, QLD 4001, Australia)

Abstract

This paper analyzes open innovation approach similarities and differences of James Watt and Steve Jobs—symbolic entrepreneurs of the First and Fourth Industrial Revolutions, respectively. The methodologic approach includes a review of the literature. Firstly, the key characteristics of the First and Fourth Industrial Revolutions are determined by comprehensively reviewing the literature—particularly books on both legendary innovation entrepreneurs. Secondly, the related preceding research that describes open innovation characteristics that James Watt and Steve Jobs possessed are critically analyzed. Thirdly, open innovation strategies promoted by the two innovation entrepreneurs are scrutinized by analyzing the related literature. The findings reveal the common and differing points of the two entrepreneurs’ open innovation strategies and approaches. This paper serves as an editorial piece and introduces the special issue entitled ‘Sustainability of Economic Growth: Combining Technology, Market, and Society’, where the special issue contains 19 papers directly related to the open innovation strategy of Steve Jobs and James Watt.

Suggested Citation

  • JinHyo Joseph Yun & Kwangho Jung & Tan Yigitcanlar, 2018. "Open Innovation of James Watt and Steve Jobs: Insights for Sustainability of Economic Growth," Sustainability, MDPI, vol. 10(5), pages 1-16, May.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:5:p:1553-:d:146161
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    Cited by:

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    3. Jane E. Workman & Seung-Hee Lee & Kwangho Jung, 2019. "Trendsetting, Cultural Awareness, Cultural Receptivity, and Future Orientation among the Young Generation of Chinese College Students: Trendsetters Critically Matter," Sustainability, MDPI, vol. 11(20), pages 1-17, October.
    4. Ju Hwan Seo & Daemyeong Cho, 2020. "Analysis of the Effect of R&D Planning Support for SMEs Using Latent Growth Modeling," Sustainability, MDPI, vol. 12(3), pages 1-16, January.
    5. Xin-Jie Zhang & Yong Tang & Jason Xiong & Wei-Jia Wang & Yi-Cheng Zhang, 2018. "Dynamics of Cooperation in Minority Games in Alliance Networks," Sustainability, MDPI, vol. 10(12), pages 1-17, December.
    6. Hyoung Sun Yoo & Chul Lee & Seung-Pyo Jun, 2018. "The Characteristics of SMEs Preferring Cooperative Research and Development Support from the Government: The Case of Korea," Sustainability, MDPI, vol. 10(9), pages 1-18, August.
    7. Cristina Caterina Amitrano & Marco Tregua & Tiziana Russo Spena & Francesco Bifulco, 2018. "On Technology in Innovation Systems and Innovation-Ecosystem Perspectives: A Cross-Linking Analysis," Sustainability, MDPI, vol. 10(10), pages 1-15, October.

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