doi:10.3926/jiem.2009.v2n1.p176-207©
© JIEM, 2009 – 2(1): 176-207 – ISSN: 2013-0953
The “Open Innovation” paradigm: A contingency perspective
M.T. Torkkeli; C.J. Kock; P.A.S. Salmi
The “Open Innovation” paradigm: A contingency perspective
Marko T. Torkkeli 1; Carl Joachim Kock 2; Pekka A. S. Salmi1
1Lappeenranta University of Technology (FINLAND); 2Instituto de Empresa (SPAIN)
https://www.jiem.org/index.php/jiem/article/view/14/21
Open innovation has to be tried by IEs in their IE studies.
They can involve IEs in other organizations, faculty, current students, consultants and suppliers. They can use LinkedIn for posing questions and developing collaborations for exploring the ideas further.
Leveraging Supplier Innovation for Competitive Advantage
Industrial engineers recognize the immense value that suppliers can bring in terms of innovation and competitive advantage. By integrating suppliers into the product development process and encouraging open innovation, companies can tap into a wealth of knowledge and expertise that extends beyond their organizational boundaries. This collaborative approach leads to the co-creation of value, with suppliers contributing to product design, process improvements, and the development of new technologies. Such partnerships are facilitated by a strategic alignment of objectives and a shared commitment to continuous improvement. The result is a supply chain that is not only efficient but also a source of innovation, differentiating companies in the marketplace and driving them towards a future of shared success and growth.
Intelligent Supply Chain Management: An Industrial Engineering Approach Zhe Cheng* The University of Warwick, West Midlands, England
R. Magdalena et al. (eds.), Proceedings of the 2024 9th International Conference on Social Sciences and Economic Development (ICSSED 2024), Advances in Economics, Business and Management Research 289, https://doi.org/10.2991/978-94-6463-459-4_9
Open Access
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