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The current state of open innovation in the Korean manufacturing industry

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  • The current state of open innovation in the Korean manufacturing industry
  • Bok, Deuk-Kyu
  • Samsung Eonomic Research Institute


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Title The current state of open innovation in the Korean manufacturing industry
Similar Titles
Material Type Reports
Author(English)

Bok, Deuk-Kyu

Publisher

[Seoul]:Samsung Eonomic Research Institute

Date 2008-05
Series Title; No Issue Report / no. 4
Pages 20
Subject Country South Korea(Asia and Pacific)
Language English
File Type Link
Subject Industry and Technology < Manufacturing
Industry and Technology < Entrepreneurship
Holding SERI

Abstract

In today's business where innovation increasingly matters to all, open innovation is emerging as a new way of improving a firm's bottom line. Open innovation refers to activities that apply the ideas and technologies of other companies, as well as sharing in-house technology resources with outside parties. This study aims to analyze empirically the current trend of open innovation activities throughout the Korean manufacturing sector, while reviewing the impact open innovation has on a firm's innovation performance. To this end, this paper first takes a full glimpse at previous empirical studies which typically divide open innovation activities into three sub-stages (search, R&D and diffusion) and then perform efficacy analysis of the three sub-stages. At first glance, these studies provide compelling evidence that open innovation leads to higher business performance. (The rest omitted)