Purpose Firms increasingly integrate a wide range of actors in the early ideation and concept creation phases of innovation processes leading to the collection of a large number of ideas. This creates the challenge of filtering the most promising ideas from a large number of submissions. The use...

Purpose – The purpose of this paper is to synthesize the extant literature on open innovation (OI) in small and medium-sized enterprises (SMEs). Design/methodology/approach – An examination of the literature was undertaken to review the studies on open innovation in SMEs. The selected...

Purpose Increasing demographic diversity within societies and workforces causes challenges with regard to the innovation performance of companies. By definition, innovation communities nowadays are composed of members with diverse function background and age diversity. The challenging question...

Purpose – The purpose of this paper is to investigate the long-term financial effects of open innovation in the manufacturing industry. Design/methodology/approach – Drawing upon an open innovation literature, this study examined 671 open innovation announcements made by firms listed on the...

Purpose – While the open innovation concept proposed by Henry Chesbrough a decade ago has had some striking successes, the myriad options for engaging external partners can be daunting, so leaders need a guide for getting started that matches the needs of their firm. This paper aims to address...

Purpose – This paper aims to explain how cloud computing – conducting business functions on shared, off‐premises computing systems – introduces strategic options and business‐control challenges for executives. For example, cloud computing offers ubiquitous access to applications for...

Purpose – This paper posits that by selectively applying open innovation, companies can enrich their stock of valuable ideas, effectively manage product development and upgrade their emerging businesses without wholesale changes to their innovation initiative. Design/methodology/approach –...

Purpose – This case aims to describe what innovation looks like and how it works in Fidelity Investments, a financial services organization that is large and decentralized. Design/methodology/approach – The case looks at how the firm's internal consultants introduced idea‐management...

Purpose – The purpose of this paper is to discover the economic effects of open innovation investigated the following research questions: do economic effects of open innovation – a certain economic phenomenon or economic paradigm that surpasses the level of the management strategies of...