Analysis of Open Innovation Systems

In a rapidly changing environment, selecting and effectively pursuing the right information and management system development can be a key factor in sustaining corporate livability and success. Open innovation systems enable organizations to look outside their company boundaries and gain new ideas and solutions from professionals all around the world. With the development of online social networks and other Social Web tools, the Web has become a platform for collaboration. In this paper we present a research on the comparison of open innovation website. The framework is implemented to compare existing well known systems of open innovation platforms (ex. Innocentive, Hypios, NineSigma, Yet2, Innoget, etc.) which are putting in contact, on the one hand, the seekers (companies, organizations etc.) which are struggling to solve their R&D problems and, on the other hand, a large network of potential solvers, who are more likely to have a solutions to problems. The aim of this paper is to provide a framework that can help in making decisions and in choosing right Website according to wanted paradigms in an Open Innovation process. The study concludes by showing how open innovation websites will play a significant role in growing the overall values of the firm. It is concluded that for organizations with time and cost constraints, analysis of open innovation system will be the most appropriate evaluation method. The discussion will lead to a stronger understanding of website differences and co-creating values with customers within open innovation networks.