The contemporary conjuncture of the open innovation market in Ukraine

Abstract

This study rigorously investigates the fundamental tenets and practical applications of the open innovation concept. It commences by meticulously identifying the distinguishing characteristics of both closed and open business models, establishing a clear dichotomy between these two strategic approaches. A comprehensive comparative analysis of the underlying principles governing closed and open innovation is then conducted, highlighting their respective strengths, limitations, and operational frameworks. A critical examination of existing definitions of "open innovation" is undertaken, culminating in the proposition of an original interpretation that refines and expands upon current scholarly understandings. Furthermore, the research delves into international experiences in shaping national open innovation strategies, drawing insights from diverse global contexts to inform best practices. The investigation also meticulously explores changes in the external environment that compel organizations and nations to adopt open innovation strategies, recognizing the dynamic forces driving this paradigm shift. Finally, the study provides actionable recommendations for the formulation of state innovation policy, specifically tailored to address the unique challenges and leverage the opportunities presented by the open innovation landscape. This contributes to a deeper understanding of how governments can effectively foster and integrate open innovation principles into their national development agendas. While providing a foundational understanding of Ukraine's contemporary open innovation market, this research also illuminates various promising directions for subsequent inquiry.