Document Type
Article
Publication Date
October 2014
Publication Title
International Journal of Innovation and Technology Management
Volume
11
Issue Number
5
DOI
10.1142/S0219877014500321
Keywords
open innovation, acclarent, medical device, industry
Disciplines
Business | Technology and Innovation
Abstract
Using a case study of Acclarent, a medical device company, this paper attempts to propose a framework to further illustrate the process of open innovation in the medical device industry. We examined five elements in the mechanism of the open innovation process. Our paper shows how the success of Acclarent — a medical device start-up — depends on effective management of the flow of knowledge to satisfy unmet needs, while integrating in-depth knowledge of FDA regulations and third-party payers' reimbursement policies into the product innovation process. Read More: http://www.worldscientific.com/doi/abs/10.1142/S0219877014500321
Recommended Citation
Hua-Hsin Wan and Xiaohong Quan. "Towards a Framework of the Process of Open Innovation: Case of Acclarent in the Medical Device Industry" International Journal of Innovation and Technology Management (2014). https://doi.org/10.1142/S0219877014500321
Comments
Preprint of an article published in the International Journal of Innovation and Technology Management, Volume 11, Issue 5, 2014, Article DOI: 10.1142/S0219877014500321 © 2014 World Scientific Publishing Company. Journal URL: http://www.worldscientific.com/worldscinet/ijitm