Title :
Research on the Process Model of Open Innovation Based on Enterprise Sustainable Growth
Author :
Zhang, Jinlin ; Zhang, Yinghua
Author_Institution :
Sch. of Bus., Tianjin Univ. of Finance & Econ., Tianjin, China
Abstract :
In this paper, we firstly propose that closed innovation was no longer adapt to Chinese enterprises in a dynamic environment based on the research of the innovation status quo of 34 high-tech SMEs in Tianjin. Better sustainable growth of enterprises can be achieved by running open innovation. Secondly, we found that lack of dynamic and maneuverability existed in the current open technological innovation model basing on the relevant theoretical review. Moreover, the features of open technological innovation were analyzed. Finally, the principles and model framework to build an open process model of technological innovation were put forward under the guidance system theory. A detailed descriptions of the four sub-systems running in the mode were gave out which can be a reference for the business circles.
Keywords :
innovation management; sustainable development; Chinese enterprise sustainable growth; business circle; guidance system theory; open innovation management; process model; Business; Commercialization; Costs; Environmental economics; Finance; Forward contracts; Innovation management; Market opportunities; Research and development; Technological innovation; open innonation; process model; sustainable growth;
Conference_Titel :
Electronic Commerce and Business Intelligence, 2009. ECBI 2009. International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-0-7695-3661-3
DOI :
10.1109/ECBI.2009.35