Digital Platforms for Open Innovation: An Outlook from Technology Firms

To compete in a fierce business environment, an open innovation (OI) is a key strategy for developing new products and services. Digital platforms are viewed as a mechanism to foster the innovation processes which lead the transformations of business models across various industries in business ecos...

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Bibliographic Details
Published inISPIM Conference Proceedings pp. 1 - 26
Main Author Bashir, Naheed
Format Conference Proceeding
LanguageEnglish
Published Manchester The International Society for Professional Innovation Management (ISPIM) 01.01.2023
Subjects
Business models
Collaboration
Digital archives
Digital mapping
Environment models
Infrastructure
Innovations
Internet access
Knowledge
Product development
R&D
Research & development
Strategic planning
Technological change
Virtual communities
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Summary:To compete in a fierce business environment, an open innovation (OI) is a key strategy for developing new products and services. Digital platforms are viewed as a mechanism to foster the innovation processes which lead the transformations of business models across various industries in business ecosystems. This transformation has particularly affected large firms with traditional business models. While the adoption of digital platforms has introduced number of ways to explore the new knowledge, it also comes with the barriers. An understanding on the role of digital platforms for OI, especially in large technology firm, and the barriers emerged as a result of their adoption and use across OI process is still limited. This study addresses the gap. Adopting a qualitative method, this study offers a framework to map the digital platforms for OI. The findings entail several implications for innovation managers to understand the significance of digital platforms for OI.