Open innovation in universities: the relationship between innovation and commercialisation

Abdul Razak, Arbaiah and Murray, Peter A. and Roberts, David (2014) Open innovation in universities: the relationship between innovation and commercialisation. Knowledge and Process Management, 21 (4). pp. 260-269. ISSN 1092-4604

Abstract

Increasing calls from university stakeholders to optimise innovation capabilities has never been more urgent given the increasing link between industry and universities. However, innovation activities that underpin the commercialisation attempts of universities are seldom translated into commercialisation success. This is mainly attributed to poor management of innovation processes between innovation networks. Empirical evidence indicates that trust relationships between innovation actors are difficult to achieve because of the perceived risk of disclosure, managerial complexity and conflicts of culture. The purpose of this review paper is to examine how open innovation within universities enhances innovation practices that lead to commercialisation success. Other connecting variables that embody trust, motivation to innovate and strategic leadership are equally important. Several hypotheses are developed, and a research model connects the innovation constructs. This paper is expected to make a significant contribution to connecting literatures that inform successful university-led and industry-led partnerships.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: © 2014 John Wiley & Sons, Ltd. Permanent restricted access to published version due to publisher copyright policy.
Faculty / Department / School: Current - Faculty of Business, Education, Law and Arts - School of Management and Enterprise
Date Deposited: 25 Sep 2014 02:42
Last Modified: 13 Dec 2017 05:58
Uncontrolled Keywords: open innovation; commercialisation success; social network of relationships
Fields of Research : 13 Education > 1301 Education Systems > 130103 Higher Education
15 Commerce, Management, Tourism and Services > 1503 Business and Management > 150307 Innovation and Technology Management
14 Economics > 1402 Applied Economics > 140204 Economics of Education
Socio-Economic Objective: C Society > 93 Education and Training > 9304 School/Institution > 930403 School/Institution Policies and Development
Funding Details:
Identification Number or DOI: 10.1002/kpm.1444
URI: http://eprints.usq.edu.au/id/eprint/26025

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