Ready For Open Innovation or not? An Open Innovation Readiness Assessment Model (OIRAM)

Since the Chesbrough's seminal contribution many academic papers have documented the challenges associated with open innovation strategies. Furthermore, several case studies have illustrated the benefits that firms can derive from open innovation initiatives but only a few of them analyzed the difficulties associated with the implementation of these initiatives. The implementation of open innovation is a tricky business and there is a gap in the literature for a conceptual framework that guides managers in such a process. The aim of this paper is to provide a conceptual framework that can help managers assessing and enhancing readiness for open innovation. Based on an in-depth review of the current literature, this study proposes a synthesized conceptual framework called Open Innovation Readiness Assessment Model (OIRAM) that provides a set of guidelines on how companies can both assess, as well as improve their ability to implement open innovation initiatives successfully.