IMPLEMENTATION OF OPEN INNOVATION PRACTICES IN SWEDISH MANUFACTURING INDUSTRY

August 27, 2011 By Vinit Parida1 Christian Johansson, Tobias C.Larsson

ABSTRACT:
This article describes the evolution of open innovation as a global strategy. The article is based upon the innovation practices of two Swedish manufacturers who have not been as successful in implementing ways to effectively participate in Innovation collaborations. Of particular interest to the authors is the impact open innovation can have on Small and Medium Enterprises (SME’s). The authors explain why innovation is more effective when customers and universities are included. Open Innovation is less successful when suppliers are involved.

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