Unpacking Open Innovation

Exploring the nuances of open innovation, this work clarifies various terms and concepts that often cause confusion, such as collaborative and free innovation. It highlights how open innovation enables organizations to broaden their ideas and reduce risks associated with innovation. The authors, Del Giudice, Della Peruta, and Carayannis, analyze existing literature to identify key themes and trends while also pointing out under-researched areas in this evolving field, providing valuable insights for future investigations.