Building Networks to Harness Innovation Synergies: Towards an Open Systems Approach to Sustainable Development

Rasiah, Rajah (2019) Building Networks to Harness Innovation Synergies: Towards an Open Systems Approach to Sustainable Development. Journal of Open Innovation: Technology, Market, and Complexity, 5 (3). p. 70. ISSN 2199-8531, DOI

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Open innovation has become a popular approach, especially since 2003, as people began purposively managing, evolving and harnessing knowledge flows across organizational boundaries but through increasing connections with systemic knowledge nodes relevant to the innovation process. The creation and appropriation of such knowledge has evolved rapidly with digitalization and the proliferation of broadband networks. Individuals, firms and organizations now connect and coordinate to support innovations openly across innovation systems. This paper proposes an open systems model with institutional underpinnings to not only quicken knowledge flows and expand the networks to a wider range of socioeconomic agents, but also for their inclusive participation in shaping the processes of achieving sustainable development through environmental greening and egalitarian balancing of society. In doing so, using examples, the paper focuses on developments since Schumpeter's ground-breaking exposition of innovation to explain how individuals, firms, farms and organizations can participate actively in open innovation networks to connect productively with the critical knowledge nodes in society. © 2019 by the authors.

Item Type: Article
Uncontrolled Keywords: open innovation; systems approach; environmental greening; egalitarian society; sustainable development
Subjects: T Technology > T Technology (General)
Divisions: Deputy Vice Chancellor (Academic & International) Office > Asia-Europe Institute
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 05 Feb 2020 03:42
Last Modified: 05 Feb 2020 03:42

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