The openness of the concept of technology open innovation

Abstract

Generally, organisations continue to strive for sustainability and competitive advantage. This leads some of the organisations to employ various tactics and mechanisms in attempts to fulfill their aims and objectives, overtime. The challenges of sustainability and competitive advantage could also be attributed to organisations' reliance on technology which has increased significantly in recent years. The increasing competitiveness amongst the organisations drives technology innovations. As technology evolves, more organisations are challenged, hence the quest to explore the concept of open innovation. The paper focuses on the concept of open innovation from both academic and professional (corporate) perspectives. Through interpretivism philosophical assumption we sought an understanding of the impact and implications of the openness in the concept of open innovation.