Pages: 41-44

Abstract

With innovation becoming the source of growth for major businesses, there has been a strong debate among the academic and the industrial fraternity relating to managing different channels of innovation. This thesis attempts to recognize the different managerial factors associated with realizing the benefits from open innovation. The research focuses on the different strategies of handling open innovation process in different organizations, trying to gain profits from innovation. A broad qualitative study has been attempted to understand the different factors playing a role in this regard and finally a set of guidelines are proposed to improve / maximize the utilizing open innovation.