chapter  4
32 Pages

The Rise and Fall of Interdisciplinary Research: The Case of Open Source Innovation

ByCHRISTINA RAASCH, VIKTOR LEE, SEBASTIAN SPAETH

This chapter discusses the learnings and experiences of the companies and intermediaries made with open innovation in traditional company settings, where a systematic and structured closed innovation approach is dominant for the last several decades. Under certain conditions, traditional closed innovation approaches are even be superior to and trump open innovation. In order to succeed with innovation, companies have to be capable of applying both open and closed approaches concurrently. New effective innovation management should select between open and closed innovation approaches depending on the requirements of the respective task and innovation project. To keep up with the rate of innovation in the digital era, companies must be capable of utilizing and benefiting from open and closed innovation at the same time. The article discusses major challenges and road blocks organizations face through running open innovation and traditional innovation modes simultaneously.