University of Oulu

Hurmelinna-Laukkanen, P., Stefan, I., Yang, J. (2023). What Could Possibly Go Wrong? Reflections on Potential Challenges of Open Innovation. In: Rehn, A., Örtenblad, A. (eds) Debating Innovation. Palgrave Debates in Business and Management. Palgrave Macmillan, Cham.

What could possibly go wrong? : reflections on potential challenges of open innovation

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Author: Hurmelinna-Laukkanen, Pia1; Stefan, Ioana2; Yang, Jialei1
Organizations: 1Oulu Business School, University of Oulu, Oulu, Finland
2School of Innovation, Design and Engineering, Mälardalen University, Eskilstuna, Sweden
Format: article
Version: accepted version
Access: embargoed
Persistent link:
Language: English
Published: Springer Nature, 2023
Publish Date: 2025-02-07


Open innovation (OI) has attracted great interest from both scholars and practitioners during the past decades. While the benefits of OI have been examined a lot, the potential challenges of OI have been less noted and studied. This book chapter addresses potential OI challenges in (1) value creation based on knowledge; (2) innovation appropriability and appropriation; and (3) innovation network orchestration. It introduces several “what-if” considerations and discusses some scenarios where open innovation could go wrong. The chapter reminds that open innovation has both the valuable bright side, and the challenging dark side. By recognizing and embracing the challenges, risks, and costs, innovators may be able to find a balance and turn the challenges into opportunities.

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Series: Palgrave debates in business and management
ISSN: 2524-5082
ISSN-E: 2524-5090
ISSN-L: 2524-5082
ISBN: 978-3-031-16666-2
ISBN Print: 978-3-031-16665-5
Pages: 241 - 260
DOI: 10.1007/978-3-031-16666-2_13
Host publication: Debating Innovation : Perspectives and Paradoxes of an Idealized Concept
Host publication editor: Rehn, Alf
Örtenblad, Anders
Type of Publication: A3 Book chapter
Field of Science: 512 Business and management
Copyright information: © 2023 The Author(s), under exclusive license to Springer Nature Switzerland AG