Adapting Open Innovation in Information and Communications Technology Ecosystem Dynamics

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Journal Title
Journal ISSN
Volume Title
Sähkötekniikan korkeakoulu | Master's thesis
Date
2013-08-30
Major/Subject
Network Economics
Mcode
ETA3003
Degree programme
TLT - Master’s Programme in Communications Ecosystem
Language
en
Pages
70 + 3
Series
Abstract
The current ICT (Information and Communications Technology) industry became robust and highly competitive. This is due to the shorter life cycle of products and the increasing demand of people in the current connected world. Thus, having an accelerated innovation system became a strategic need for firms to strive and lead. Many firms tried to accelerate their innovation process by collaborating with external players, or by proceeding internal changes, still a challenge exists in the need for an organized open innovation process that leverage external resources, while fitting within the firm own strategy and internal resources. The existing work and research in open innovation focuses more in managerial, legal and behavioral aspects in innovation process. Although all these aspects are essential, the real challenge is in the dynamics between the different factors and acting elements in the innovation process. Therefore, the focus of this study is to explore the dynamics of open innovation. The research was done based on the interviews conducted and literature review. The thesis will propose a system dynamics model for open innovation. In addition, it will study the effect of open innovation on firms, specifically that in ICT industry. Furthermore, it will explore the different phenomena and opportunities resulting from adapting open innovation.
Description
Supervisor
Kilkki, Kalevi
Thesis advisor
Kilkki, Kalevi
Keywords
open innovation, system dynamics, innovation phenomena, long-tail
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