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Acquisitions in the Open Innovation Environment: A Study of Innovative Performance
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Key settings for successful Open Innovation Arena - ScienceDirect
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Since current resources owned by single firm do not have all the capabilities, NPD in biochip requires strong interdisciplinarity, wide diversity of technological knowledge, and integration capabilities. In the present study, management strategy for open innovation is investigated for NPD in the Korean biochip industry. Open innovation is classified in three steps: 1 switching phase about starting open innovation in the NPD initial stage; 2 implementation phase about open innovation management in the NPD middle stage; and 3 transition phase about change to close innovation in the NPD final stage.