Abstract
Through past decade open innovation achieved enormous amount of attention from scholars and practitioners as well. We took one part of open innovation - customer innovation through social media, and looked into companies- practices to more efficiently integrate information from social media into New Product Development (NPD). We used mechanism of coordination method to explore how moving from traditional product development to open one, affects changes in R&D. We found three types of changes, that affects product development related processes, and four important factors to which companies are paying attention while integrating social media into NPD process: (1) frequent interaction with customers, (2) open information flow, (3) building a unit for coordinating activities, and (4) dividing R&D into units for tackling with ideation, concept development, and actual product building separately.
| Original language | English |
|---|---|
| Publication status | Published - 2014 |
| Externally published | Yes |
| Event | 27th Bled eConference: eEcosystems - Bled, Slovenia Duration: 1 Jun 2014 → 5 Jun 2014 |
Conference
| Conference | 27th Bled eConference: eEcosystems |
|---|---|
| Country/Territory | Slovenia |
| City | Bled |
| Period | 1/06/14 → 5/06/14 |
UN SDGs
This output contributes to the following UN Sustainable Development Goals (SDGs)
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SDG 9 Industry, Innovation, and Infrastructure
Keywords
- Co-creation
- New Product Development
- Open innovation
- R&D
- Social media
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