Open innovation and its applicability in Vietnam

Authors

  • Nguyen Dinh Binh
  • Nguyen Manh Cuong

Keywords:

Innovation, Close innovation, Open innovation, R&D

Abstract

Open innovation is a type of non-traditional innovations or it is, in a more exact way of speaking, a new concept to do innovations differently from the ways they have been conducted. The Open innovation is considered as strategy for innovations in the era of knowledge economy and scientific and technological (S&T) revolution. In this new era, there are three factors which attract our attention, namely: i) the technological amplitudes always go beyond capacities of any organization; ii) the changes of technologies go with very high speed; and iii) costs of investments for research and development (R&D) are huge which a single organization has almost no way to afford. In the traditional way to do innovations, the process always passes within a single organization and this type of innovations is usually called “Close innovation”. In the new concept innovations, the process is coordinated between numerous organizations for settlement of a big size problem because of the three above noted reasons. Then the new concept innovations are called the “Open innovation”. This paper deals with basic matters of Open innovations with purpose to introduce the aspects of the Open innovation, to exchange related visions an d to make notes on its applicability in Vietnam.
Code: 15081102

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References

1. OECD, the World Bank. (2014) Science, Technology and Innovation in Vietnam. OECD Publishing.
2. H. W. Chesbrough. (2003) Open Innovation. Harvard Business School Publishing Corporation.
3. O. Gassmman and E. Enkel. (2004) Towards a theory of open innovation: Three core process archetypes. in Proc. R&D Management Conference (RADMA), Lisboa.
4. H. W. Chesbrough, W. Vanhaverbeke, and J. West. (2006) Open Innovation: Researching a New Paradigm. New York: Oxford University Press.
5. L. Huston and N. Sakkab. (2006) Connect and develop: Inside Procter & Gamble’s new model for innovation. Harvard Business Review, vol. 84, pp. 58-66.

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Published

30-05-2017

How to Cite

Binh, N. D., & Cuong, N. M. (2017). Open innovation and its applicability in Vietnam. Journal SCIENCE AND TECHNOLOGY POLICIES AND MANAGEMENT, 4(3), 16–29. Retrieved from https://vietnamstijournal.net/index.php/JSTPM/article/view/165

Issue

Vol. 4 No. 3 (2015)

Section

STUDIES OF STRATEGIES AND MANAGEMENT

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