Problems and Failure
Reasons
Threats
Better organized
competitors can implement complex value-innovation
solutions more holistically, strategically and
systemically.
Open innovation is too
dependent on external inputs that can vanish easily.
Weaknesses
Excessively stiff internal processes, rigid company
culture, and misalignment of internal strategies are
among the top reasons why open innovation projects
fail.
Other downsides of
open innovation include that individual firms have
less control of the innovation process, are more
dependent on external resources, and that the
innovation is less customized to fit a particular
organizational context
