“…Based on the broader literature review (e.g. Martins & Terblanche, 2003;Chesbrough, 2006;Gassmann, 2006;Chesbrough, 2007;Chesbrough & Appleyard, 2007;Sarros et al, 2008;Elmquist, 2009;Enkel et al, 2009;Fasnacht, 2009;Van de Vrande et al, 2009;Chesbrough, 2010;Wallin & Von Krogh, 2010;Zott et al, 2011;Bellantuono et al, 2013), sixty one 61open determinants are obtained and grouped into eight (8) dimensions by the authors of the paper in order to prioritize them. Relevant dimensions of determinants for successful implementation of an open innovation in banking industry encompasses organizational context, business model and strategy, leadership and culture, intellectual property (IP), collaboration, customer and products, technology and infrastructure, and process innovation.…”