Value co-creation mechanisms of enterprises and users under crowdsource-based open innovation

Abstract

Purpose - The purpose of this paper is to systematically review the existing research and summarize the value co-creation mechanism between enterprises and users in crowdsource-based open innovation (COI). Design/methodology/approach - Crowdsourcing is an effective means for enterprises to launch open innovation. This paper will first introduce the concepts and forms of open innovation and crowdsourcing, and then define COI. Findings - This paper will analyze the key parties in innovative tasks, value co-creation mechanism that creates ideas, the interaction of key participants and the process of integrating internal and external resources to realize open innovation. Research limitations/implications - In the end, this paper will put forward the theoretical framework for future studies on the development of COI from the perspective of value co-creation. Originality/value - This thesis will first introduce the concepts and forms of open innovation and outsourcing and then define COI. Then it will systematically review the existing research studies and summarize the value co-creation mechanism between enterprises and users under COI model by analyzing the key parties in innovative tasks, value co-creation mechanism that creates ideas, the interaction mode of key participants and the process of enterprises integrating internal and external resources to realize open innovation.

Keywords

• Value co-creation
• Crowdsourcing-based open innovation
• Users’ ideas