The majority of today’s organizations – no matter what size, age or industry – are faced with the challenge of continuous and dynamic change, particularly in the context of the current financial crisis. In times of growing uncertainty and increasing speed of change, both new threats and...

The use of competition-based processes for the development of innovations is increasing. In parallel with the increasing use of competition-based innovation in business firms, this model of innovation is successfully being used by non-profit organizations for advancing the development of science...

The objective of this article is to present a metaphor concerning the terminology of open innovation. This metaphor will help both academics and practitioners in getting a deeper understanding of the terms and their relationships in this emerging field. An electrical circuit is used as the...