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Open Innovation's Potential in the Metaverse: Leveraging Digital Features to Build Trust with Partners.

Authors :
Falcke, Lukas
Zobel, Ann-Kristin
Source :
California Management Review; Nov2024, Vol. 67 Issue 1, p21-44, 24p
Publication Year :
2024

Abstract

The rise of digital technologies and open innovation has revolutionized innovation practices, creating new opportunities for moving born-physical open innovation settings to metaverse-like virtual environments. This study explores a virtual corporate-startup collaboration program in the energy industry to understand how digital feature usage facilitates trusted relationships and enables successful pilots. This article presents a framework that emphasizes the strategic use of digital information and interaction features for targeting and bonding with partners. Program managers can tackle the unrealized metaverse through ubiquitous program management and overcome social barriers through adaptive social engineering of digital interactions. This article also provides an outlook on evolving technologies and hybrid designs. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
00081256
Volume :
67
Issue :
1
Database :
Complementary Index
Journal :
California Management Review
Publication Type :
Academic Journal
Accession number :
180764445
Full Text :
https://doi.org/10.1177/00081256241258211