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Readiness Analysis of Open Innovation - A Self-assessment Method

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  • Mei Na Cheng

    (The Hong Kong Polytechnic University, Hung Hom, Hong Kong)

  • Chi Fai Cheung

    (The Hong Kong Polytechnic University, Hung Hom, Hong Kong)

  • Eric Tsui

    (The Hong Kong Polytechnic University, Hung Hom, Hong Kong)

  • Kit Ling Wan

    (The Hong Kong Polytechnic University, Hung Hom, Hong Kong)

Abstract

Nowadays, many companies are increasingly turning to open innovation (OI) to generate new business opportunities through the utilization of knowledge, and technology with the external parties. Various researchers and practitioners are paying attention to the development of OI readiness evaluation tools for assessing innovation capabilities in their business activities. However, methods of these evaluation tool are capability-oriented and relatively little attention has been paid to considering mindset and behavior intersect in OI activities at organizational level. In this article, attempts to fill this gap are made by examining organizations' readiness for OI adoption. Particular attention is given to what thinking toward OI, what behavior toward OI, and how mindset affects their behavior for OI adoption in the market and technology activities. The goal is to understand how these understanding can enhance effectiveness for implementing OI activities in the organizations, especially technology-intensive enterprises.

Suggested Citation

  • Mei Na Cheng & Chi Fai Cheung & Eric Tsui & Kit Ling Wan, 2018. "Readiness Analysis of Open Innovation - A Self-assessment Method," International Journal of Knowledge and Systems Science (IJKSS), IGI Global, vol. 9(4), pages 16-44, October.
    • Handle: RePEc:igg:jkss00:v:9:y:2018:i:4:p:16-44
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