Open Innovation Capabilities and Competences

Authors

DOI:

https://doi.org/10.34190/ecie.19.1.2487

Keywords:

innovation maturity, innovation competences, open innovation

Abstract

Productivity can be enhanced and competitive advantages can be gained by using an open innovation approach instead of a closed innovation approach. The successful implementation of an open innovation approach requires careful examination of the existing innovation capabilities and competences of a company. This study aims to explore and give a picture of the current level of open innovation capabilities and competences of companies with particular emphasis on companies in Finland. A quantitative approach was followed and a 13-item survey was administered. The reliability of the survey used was .957 and its items included statements regarding the five-level maturity model for open innovation. Level five of the model represents the highest maturity level and level one of the model corresponds to the lowest. Claims regarding maturity level one were excluded as innovation activities do not occur at this level. The survey was administered in both 2022 and 2024 and consisted of three questions for each maturity level from level two to level four and four questions for level three. Maturity levels four and five indicate that companies understand the significance of strategic thinking and that they also include innovation strategies within their general strategy or perceive it as an integral addition to their strategy. We conclude that the effective open innovation culture forms an essential part of the overall success of a company. Therefore, an increase in innovation culture characteristics simultaneously results in an increase in the innovation maturity level.

Author Biography

Kristiina Brusila-Meltovaara, LAB University of Applied Science

Principal lecturer Kristiina Brusila-Meltovaara holds a PhD in economics and business administration with specialization in Finance and Financial analysis. She also holds a General Pedagogical Teacher’s Qualification from Haaga Helia University of applied sciences in Finland. Dr. Kristiina Brusila-Meltovaara has a long experience in industry as finance and HR director as well as years of experience in lecturing, curriculum development, e-learning, development of teaching and learning materials as well as commercializing trainings and university services. Current research interests include innovation work, leadership and management, ethics, sustainability and corporate governance and in particular the leadership thereof.

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Published

2024-09-20