Matching partners for Open Innovation practice

Abstract

© 2014 Portland International Conference on Management of Engineering and Technology. Open Innovation has been considerably received interest from academics and practitioners over the past decade. Nowadays many firms pursuing open innovation are facing challenges and difficulties in selecting the right partners to work with. Having mismatched partners even though they are technically capable can lead to the unsmooth interaction and the failure in innovation performance. Hence, this article aims to address this managerial challenge by proposing an approach for assessing the matching quality of candidate partners who wish to engage in an open innovation project.