Financial Resources as an Inhibiting Factor of Open Innovation and Strategies to Overcome It
Abstract
Within Open Innovation (OI), projects are not created solely with the company's own resources, but also based on the participation of actors within the same innovation ecosystem who contribute to the requesting company. Many companies, due to the lack of these resources-especially financial ones-are those that most often opt for this type of partnership within organizational networks. During the innovation process, this factor may prevent projects from succeeding, and strategic actions become required. This study was qualitative in nature, based on interviews with twenty managers who work with OI, aiming to identify whether the financial factor is an inhibiting factor of OI, focusing on the development of innovative products, and to highlight the strategies that company managers used to overcome it. After a content analysis, supported by Atlas Ti, the research indicated that access to financial resources was an inhibiting factor of OI, and that the use of public funding, cost reduction, resources from investors, support from the state federation of industries and contractual negotiation were strategic actions adopted to prevent obstacles from hindering the continuity of projects.
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2026-04-10
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