The Limits of Open Innovation: A Literature Review and Research Agenda

Date
2022-01-04
Authors
Su, Nan
Mcguckin, Summer
Abhari, Kaveh
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Abstract
Open Innovation (OI) has become a popular method of value co-creation over the past two decades. While OI offers many benefits, it holds a high failure rate. Through a systematic literature review, this paper identifies 15 common limitations of OI that contribute to this high failure rate at three levels: organizational, operational, and individual. Accounting for these limitations and their relationships, we develop a framework for OI's critical success factors. This paper also offers an agenda for future research and makes contributions toward understanding OI systems and their governance from a practical standpoint.
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Keywords
Value, Success, and Performance Measurements of Knowledge, Innovation, and Entrepreneurial Systems, knowledge management, open innovation
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