Succeeding with open innovation projects: Effective stakeholder management holds the key

Abstract

Purpose

This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.

Design/methodology/approach

This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.

Findings

Stakeholder management in open innovation contexts is even more difficult than with conventional R&D projects that typically involve fewer stakeholders. However, adoption of various measures that include careful selection and engagement of diverse stakeholders together with relevant conflict management techniques better positions project managers to overcome the challenges and meet project objectives.

Originality/value

The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Citation

(2020), "Succeeding with open innovation projects: Effective stakeholder management holds the key", Strategic Direction, Vol. 36 No. 12, pp. 15-18. https://doi.org/10.1108/SD-10-2020-0173