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The Way from Open Innovation to Business Model

In: Business Model Design Compass

Author

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  • JinHyo Joseph Yun

    (Tenured Researcher of DGIST and Professor of Open Innovation Academy of SOItmC)

Abstract

This chapter has five goals. The first of these is to look into the relationship between open innovation (OI) and business models (BMs). Second, it seeks to analyze business models as a combination of technology and the market. Third, it will explain the four perspectives of business models from OI knowledge funnel. The fourth is to understand the five key factors of business models from “the principle of the Five Ws and One H.” Fifth and last, it seeks to discuss good habits for developing the capabilities of business models.

Suggested Citation

  • JinHyo Joseph Yun, 2017. "The Way from Open Innovation to Business Model," Management for Professionals, in: Business Model Design Compass, chapter 10, pages 151-162, Springer.
    • Handle: RePEc:spr:mgmchp:978-981-10-4128-0_10
    DOI: 10.1007/978-981-10-4128-0_10
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    Cited by:

    1. JinHyo Joseph Yun & Xiaofei Zhao & Tan Yigitcanlar & DooSeok Lee & HeungJu Ahn, 2018. "Architectural Design and Open Innovation Symbiosis: Insights from Research Campuses, Manufacturing Systems, and Innovation Districts," Sustainability, MDPI, vol. 10(12), pages 1-23, November.

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