Title: Introduction of an objective model to measure open innovation and its application to the information technology convergence sector

Authors: JinHyo Joseph Yun; Mohan V. Avvari; Eui-Seob Jeong; Dong-Wook Lim

Addresses: Daegu Gyeongbook Institute of Science and Technology, 50-1 Sang-Ri, Hyeonpung-Myeon, Dalseong-Gun, Daegu, South Korea ' Nottingham University Business School, University of Nottingham Malaysia Campus, Jalan Broga 43500, Semenyih (Sl), Malaysia ' Korea Institute of Science and Technology Information, 66 Hoegiro, Dongdaemun-gu, Seoul, South Korea ' Public Administration Department, Korea National University of Transportation, 380-702, Chungju City, Chungchungbuk-do, South Korea

Abstract: This study attempts to develop a new objective method to measure open innovation. It proposes a new concept for measuring open innovation using patent information to improve on the ideas of the 'width' and 'depth' dimensions of open innovation. Based on the review of related literature, three open innovation measures are proposed: Ratio of Open Innovation (ROI), Intensity of Open Innovation (IOI) and Total Level of Open Innovation (TOI). These measures are applied to compare open innovation levels between nations and between firms as well as to analyse the effect of open innovation on firm performance.

Keywords: open innovation; innovation ratio; innovation intensity; innovation level; patent information; patents; innovation measurement; firm performance; information technology; IT convergence.

DOI: 10.1504/IJTPM.2014.065025

International Journal of Technology, Policy and Management, 2014 Vol.14 No.4, pp.383 - 400

Received: 09 Dec 2013
Accepted: 04 May 2014
Published online: 28 Oct 2014 *

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