Abstract
This conceptual paper tries to encompass the development of open innovation concept from 2003 till now. Open
innovation is one of hottest and most debated topic in the field of innovation management. In last decade, since the
publication of the book “open innovation” by Chesbrough, the idea of open innovation has received extensive
interest of scholars as well as the practitioners. The progression of thought process has been heighted in brief.
Enablers of open innovation are also discussed along with the process for implementing open innovation as
mentioned in the literature. Discussion on future prospects of the field along with future perspectives for the
research is most significant part of the paper. Few research areas are highlighted that remained untapped in the
previous decade and demands for an urgent inquiry.
Syed Salman Hassan, Syeda Mahnaz Hassan, Usman Riaz Mir, Aliya Khalid, Uzma Aashiq. (2020) Open Innovation: From Understating to Future Prospects and Perspectives, Journal of the Research Society of Pakistan, Volume 57, Issue-4.
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