Impact of Open Innovation : Open innovation’s impact on large organisations and SMEs
Rinta-Möykky, Janina (2020)
Rinta-Möykky, Janina
2020
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2020120326036
https://urn.fi/URN:NBN:fi:amk-2020120326036
Tiivistelmä
The purpose of this study was to explore the impact of open innovation and its impact to large organisations, as well as SMEs. The author of this thesis has previously conducted a research, A Little Book About Industryhack (2019), which covers the impact of open innovation to large organisations in the industrial sector and to SMEs. This impact report for Industryhack is based on data from interviews and does not include any theory. This research will collect literature regarding academic content as well as interviews. The findings will be collected and analysed in order to test findings from the Industryhack’s impact report. Content from A Little Book About Industryhack will be used as a secondary data in this research.
The research conducted for primary data was qualitative and it was completed as semi- structed interviews with three large organisations from Finland. The findings were compared to the results in secondary data.
Findings of this research suggest that open innovation performs at its best for companies in more traditional or technological field such as industrial and manufacturing sectors. Results from Industryhack’s impact report are impressive and the impact can be clearly seen in both parties of open innovation – the solvers and the seekers. However, open innovation also broadens the perspective and creates brand benefit. Open innovation was used for renewal of the organization and for communicating about it. Broadening the solver field and the impact on company culture were seen as important factors.
The research conducted for primary data was qualitative and it was completed as semi- structed interviews with three large organisations from Finland. The findings were compared to the results in secondary data.
Findings of this research suggest that open innovation performs at its best for companies in more traditional or technological field such as industrial and manufacturing sectors. Results from Industryhack’s impact report are impressive and the impact can be clearly seen in both parties of open innovation – the solvers and the seekers. However, open innovation also broadens the perspective and creates brand benefit. Open innovation was used for renewal of the organization and for communicating about it. Broadening the solver field and the impact on company culture were seen as important factors.