Invention and Open Innovation Processes, and Linkages: A Conceptual Framework

Abstract

A conceptual model has been developed to present comprehensively the processes and linkages of invention and open innovation for those knowledge workers who want to transform idea of a new product or service into a reality. The progression of idea conceptualization, realization and marketing is further divided into two phases; first is invention and second is open innovation. These phases are integrated into a complex framework representing a comprehensive flowchart which provides a snapshot of gradual transition of invention processes into open innovation processes. The conceptual model rests on existing literature that methodologically connects access to finance, funding constraints, cognitive and social dimensions, skills, mental model, conceptual knowledge and knowledge production capacity of the scientists (i.e., knowledge worker), scope and pioneering of the invention, technological infrastructure, collaboration with private firms and universities and utilization of digital technologies. The invention, as well as open innovation activities, are discussed with respect to World Intellectual Property Organization and Global Innovation Index country rankings and the number of patents filed and granted to the world including Pakistan. The framework is a rigorous but rewarding process for a knowledge worker who designs and develops a new product, process, procedure, mechanism and methodology to serve humanity and the marketplace.

Impact of Digital Marketing Innovation in Competitive Event Industry During Covid-19: Evidence from Malaysia and The United States

“…The year 2022 will be no different, especially as the epidemic has put downward pressure on marketing budgets, forcing marketers to seek out new cost-effective approaches. Due to constantly developing issues linked to changes in competition, markets, technologies, regulations, and the external environment, the innovator's dilemma remains unsolved [11]. In these instances, breakthrough innovations are deemed critical for gaining and maintaining a competitive advantage in the marketplace.…”

Global Research Funding and Development

“…Funding encourages brainstorming and the development of novel ideas and innovations that build on established knowledge for cutting-edge science. As a result, alternative methods, technologies, techniques, and processes are translated to intellectual concepts by inventions and innovations (Tirmizi et al, 2020). Furthermore, to share research experience and scientific knowledge with researchers, these foundations provide grants to organize workshops, symposiums, conferences and seminars where scientists disseminate/present their research findings or give information on scientific topics which is beneficial and informative.…”

Emotional Impact of Dishes versus Wines on Restaurant Diners: From Haute Cuisine Open Innovation

“…One possible method of innovation is focused on improving business management based on technology, quality, new procedures, and forms of customer satisfaction [6]. This allows companies to increase their competitiveness, consequently helping them to grow [7]. Business competitiveness can increase when there is collaboration in R+D (research and development).…”