Open Innovation: Bridging Theory and Practice ISSN 2424-8231 Series Editors: Anne-Laure Mention (Luxembourg Institute of Science & Technology, Luxembourg) Marko Torkkeli (Lappeenranta University of Technology, Finland) Published Vol. 1 Open Innovation: A Multifaceted Perspective (In 2 Parts) edited by Anne-Laure Mention and Marko Torkkeli Forthcoming Open Innovation: Unveiling the Power of the Human Element edited by Anne-Laure Mention and Dimitrios G Salampasis Digital Innovation: Harnessing the Value of Open Data edited by Anne-Laure Mention and Vera J Lipton Published by World Scientific Publishing Co. Pte. Ltd. 5 Toh Tuck Link, Singapore 596224 USA office: 27 Warren Street, Suite 401-402, Hackensack, NJ 07601 UK office: 57 Shelton Street, Covent Garden, London WC2H 9HE British Library Cataloguing-in-Publication Data A catalogue record for this book is available from the British Library. Library of Congress Control Number: 2015953461 Open Innovation: Bridging Theory and Practice — Vol. 1 OPEN INNOVATION A Multifaceted Perspective (In 2 Parts) Copyright © 2016 by World Scientific Publishing Co. Pte. Ltd. All rights reserved. This book, or parts thereof, may not be reproduced in any form or by any means, electronic or mechanical, including photocopying, recording or any information storage and retrieval system now known or to be invented, without written permission from the publisher. For photocopying of material in this volume, please pay a copying fee through the Copyright Clearance Center, Inc., 222 Rosewood Drive, Danvers, MA 01923, USA. In this case permission to photocopy is not required from the publisher. ISBN 978-981-4719-17-9 (Set) ISBN 978-981-4719-20-9 (Part 1) ISBN 978-981-4719-21-6 (Part 2) In-house Editors: Sutha Surenddar/Alisha Nguyen Typeset by Stallion Press Email:
[email protected] Printed in Singapore FOREWORD Open Innovation: Bridging Theory and Practice is an entirely appropriate and timely book that focuses on a globally pervasive current theme, and draws on inputs from manifold perspectives: academia, industry, practice and policy-making. Multidisciplinary is reflected by the plurality of the contributions, with diverse research methods, and a range of contemporary themes. The potential impact of this book, and the book series in general, lies in the explicit focus on open innovation as a recently emergent paradigm that has pushed us all beyond the traditional intrafirm innovation perspective. Furthermore, the deliberate theme of the book series, “Bridging Theory and Practice” encourages authors and readers alike to expect, pursue, and peruse content that is coherent, topical, innovative, and useful. The bridging theme further encourages a focus of more traditional academic researchers to view the open innovation phenomenon through the lens of outcomes rather than inputs and activities, and take into account the real-world hurdles that modern organisations face i