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Open Innovation in Global Networks
As global competition intensifies and innovation becomes riskier and more costly, the business sector has been internationalising knowledge-intensive corporate functions, including R&D. At the same time, companies are increasingly opening their innovation processes and collaborating on innovation with external partners (suppliers, customers, universities, etc.).
What drives these global innovation networks across different industries? How are they related to companies' overall strategies? Are they accessible for small and medium-sized enterprises (SMEs)?
Such global networks clearly have important implications for policy making, given the important role of innovation in OECD countries’ economic growth.
Innovation Impacts Measurement and Assessment
Innovation is the sine qua non of economic and social progress. It is the predominant source of the new or improved products, processes, and methods of marketing and organization that drive the competitiveness of our business sector; generate the income that sustains our standard of living; alter the way we interact with each other and the natural world; and solve (and sometimes create) the technical and social problems we face. The key challenges for most economies — intensifying global competition in product markets, increasing demand for energy and other natural resources, and aging of the workforce — render economic competitiveness transient and easily eroded, potentially compromising the wealth of nations that fail to combat them. In addition, the growing pressure of complex, global challenges, such as climate change and financial system stability, suggests that harnessing the innovative capacity of humanity is more critical than ever before
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Entovation International, Ltd.
The Kaieteur Institute for Knowledge Management