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Hello, everybody. This is Mehdi.
An associate professor of Innovation Management with
the Department of Strategy and Entrepreneurship at the NEOMA Business School, France.
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I'm the Academic Director of
the Master of Science Program and Entrepreneurship
and Innovation at NEOMA Business School.
I'm also a research fellow at
the Research Center for Open Digital Innovation at Purdue University in the US.
I'm currently a member of the Academic Committee of the World Open Innovation Conference.
My main research focus is on open and collaborative innovation,
particularly at the project level.
Today, I'm going to discuss with you
a very important topic for companies related to open innovation governance modes.
We are going to discuss what mode is right for you.
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In an ever more competitive business environment,
firms are increasingly facing the need to engage in purposeful,
collaborative efforts with different external partners,
such as suppliers, universities,
and competitors to improve their innovation activities.
In other words, firms are increasingly engaging in open innovation by increasing
their investments of both financial and managerial resources
in open innovation activities.
Open innovation benefits include access to valuable external resources,
risk sharing, reduced cost,
and improved time-to-market.
The recent study of large firms in the US and Europe reports that open innovation is
the prominent innovation mechanism adopted by large firms with
about 80 percent of surveyed firms adopting open innovation,
and financial support for open innovation,
increasing for some 60 percent of open innovation adopters.
