Open Innovation and the Theory of the (Innovative) Firm

The Social Science Research Network published a paper by Teppo Felin and Tod Zenger which discusses from the perspective of problem-solving and the . Open, distributed and user innovation, crowdsourcing, peer-based systems, innovation prizes, and various new forms and models of production are raising questions about the emergent nature of innovation, the purpose of organizational boundaries and associated implications for the . The paper provide a comparative framework for managing innovation, which delineates and discusses four forms of open innovation (partnership, markets, contests and tournaments and user or community innovation) and compares them with each other and with internal development or hierarchy.

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