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Open Innovation Policy in National Innovation System

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

The use of purposive inflows and outflows of knowledge to accelerate internal innovation and to expand the markets by external use of innovation has recently become essential not only in business strategies but also national policies. According to a literature review, open innovation policies should have three aspects, namely, knowledge and technology production, distribution, and consumption. If different levels of open innovation policies are introduced into the national innovation system (NIS), different effects occur not only in the short term but also the long term. The fundamental goal of open innovation policy should be vitalizing Schumpeterian dynamics of the open innovation economy system.

Suggested Citation

  • JinHyo Joseph Yun, 2017. "Open Innovation Policy in National Innovation System," Management for Professionals, in: Business Model Design Compass, chapter 4, pages 49-60, Springer.
    • Handle: RePEc:spr:mgmchp:978-981-10-4128-0_4
    DOI: 10.1007/978-981-10-4128-0_4
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    Cited by:

    1. Reem Al Sharif & Shaligram Pokharel & Mohamed Arselene Ayari & Marwa Essam & Salwa Aqeel, 2022. "Enabling Open Innovation in Digital Startups through the Incubation Program—A Case of Qatar," Sustainability, MDPI, vol. 14(11), pages 1-17, May.

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