The theoretical foundations of the concept of open innovation

Abstract

With increasing economic integration, the internationalization of eco-nomic activity, the development of globalization and the emergence of new information and communication capabilities, especially the Internet, the foundations of the past are beginning to outlive itself. New approaches appear for the efficient organization of innovation. One of the new, cur-rent approaches is the concept of open innovation proposed by Mr. Ches-brough. The concept of open innovation implies that the management of innovation processes organizations should not dwell on the internal envi-ronment. The theory of open innovation not only refers to the theory of ra-tional allocation of resources, efficiency, operating expenses and operating income, business strategies, but also based on the existing management practices.