Adapting Open Innovation in Information and Communications Technology Ecosystem Dynamics

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.