Making the transition to collaborative innovation: issues of readiness, trust and governance
Michael Ian Barrett, Chander K. Velu, Rajiv Kohli, Oliver Salge, DA Brown · Cambridge University Engineering Department Publications Database · 2011
Organisational innovation has generally been considered a confidential and internal activity. Firms have now recognised that innovative ideas can emerge from anywhere and it is more fruitful to engage others in collaborative innovation. However, the transition to collaborative innovation is demanding. It poses three major challenges for a firm – ensuring that it is ready to collaborate with others, building trust among partners, and establishing a business model that incorporates governance mechanisms (e.g., equitable decision rights) for a mutually rewarding relationship.