Open Innovation: The New Imperative For Creating and Profiting From Technology

Stefano Mazzocchi · 2004 · Innovation

Summary. This paper introduces open innovation as a strategic approach for technology development and commercialization. Organizations increasingly leverage external knowledge sources alongside internal R&D to create and profit from innovations. The framework challenges traditional closed innovation models and demonstrates how firms can accelerate innovation cycles and improve financial returns by opening their innovation processes to external partners and contributors.

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Mazzocchi, S.. (2004). Open Innovation: The New Imperative For Creating and Profiting From Technology. Innovation. https://doi.org/10.5172/impp.2004.6.3.474

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  title   = {Open Innovation: The New Imperative For Creating and Profiting From Technology},
  author  = {Stefano Mazzocchi},
  journal = {Innovation},
  year    = {2004},
  doi     = {10.5172/impp.2004.6.3.474},
  url     = {https://doi.org/10.5172/impp.2004.6.3.474}
}

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Details

DOI: 10.5172/impp.2004.6.3.474
Countries: United States
Regions: North America
Categories: innovation-theory, innovation-networks, general-innovation
Added: 2026-04-28