Collaborative innovation is a dynamic capability of entities for sensing, seizing and managing new levels of socioeconomic transformation, based on opportunity sharing within and between multidisciplinary, multi-sector, multicultural researchers, practitioners and policymakers, in order to realize open innovations more effectively and efficiently.
Exploiting routine collaborations based on division of labour or comparative advantage is fundamental to socio-economic evolution. In contrast, collaborative innovation is a dynamic capability (Teece et al. 1997) of entities exploring necessary modes of socio-economic transformation and evolution. As a result of collaborative innovation, people work together more synergistically, collaborate outside their ‘silos’, become invigorated and gain a deeper, more common, understanding of shared value. As a result, new but unpredictable ideas, solutions and opportunities are generated, speed is improved significantly and...
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Demirkan, H., Spohrer, J.C., Donofrio, N. (2016). Collaborative Innovation. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_338-1
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DOI: https://doi.org/10.1057/978-1-349-94848-2_338-1
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