Paper Title :Integrating Diverse Open Innovation Strategies for Eco-Innovation Development: A Case Study
Author :Zornitsa Yordanova
Article Citation :Zornitsa Yordanova ,
(2023 ) " Integrating Diverse Open Innovation Strategies for Eco-Innovation Development: A Case Study " ,
International Journal of Management and Applied Science (IJMAS) ,
pp. 51-55,
Volume-9,Issue-12
Abstract : Within the domain of sustainable innovation, the combination of various open innovation methodologies has
become a powerful influence in transforming traditional company practices. Open innovation methodologies have proved
their amazing success in promoting innovation within the areas of startup firms and the sustainable product environment. This
article conducts a case study analysis, exploring the complex dynamics that arise when different open innovation
methodologies come together in a startup venture driven by sustainability goals. The case study examines a comprehensive
range of open innovation tactics, focusing on their collective impact: Customer-Centric Co-Creation, External Collaborative
Ecosystems, Digital Crowdsourcing Platforms, Supplier Involvement in Sustainability, Intrapreneurship, and Organizational
Innovation. The analysis reveals the intricate collaboration produced by merging these varied open innovation methodologies.
This highlights the capacity of organizations to develop comprehensive strategies that go beyond industry limits, involve a
wider range of stakeholders, and promote impactful sustainability projects. The study emphasizes the necessity of modifying
open innovation tactics to be in line with the principles and objectives of sustainability-focused businesses, resulting in
measurable environmental and social advantages. The case study provides unique insights into how open innovation plays a
complex role in promoting sustainability. It highlights the need to establish a culture of cooperation and creativity, not only
within a company but also throughout its ecosystem.
Keywords - Open Innovation, Sustainability, Eco-Innovation, Co-Creation, Open Innovation Strategies
Type : Research paper
Published : Volume-9,Issue-12
DOIONLINE NO - IJMAS-IRAJ-DOIONLINE-20413
View Here
Copyright: © Institute of Research and Journals
|
|
| |
|
PDF |
| |
Viewed - 14 |
| |
Published on 2024-03-02 |
|