A4 Conference proceedings

Building Resilient Organizations and Innovation Networks in Wood Construction Industry

Open Access publication

Publication Details
Authors: Maunula Melina
Publication year: 2016
Language: English
Title of parent publication: Proceedings of the International Business Conference 2016: Searching for Innovative and Creative Business Solutions
Start page: 98
End page: 104
ISBN: 978-609-436-042-8
JUFO-Level of this publication: 0
Open Access: Open Access publication

This paper discusses how the implementation of open innovation practices and mindset can benefit companies faced with large systemic change like bioeconomy transition. The research is based on a regional case study on wood construction industry in South-East Finland.
Bioeconomies emerge through interlinked business and creation of innovation networks that are based on the use of renewable raw materials. Wood construction industry, and other industries that are already using renewable raw materials, are not threatened by the ongoing transformation. However, to benefit fully from the bioeconomy transition, companies are compelled to create new networks in order to facilitate innovation, commercialization and market growth. The adoption of innovations is often dependent on other organizations, as supporting products and services are needed. Previous research shows that open innovation is increasingly adopted in SMEs as well as in big companies, and it can increase the resilience and innovation capability of organizations. The paper concludes that a paradigm shift towards open innovation is needed in companies willing to benefit from the ongoing bioeconomy transition. Open innovation attitudes also support the creation of new wood construction innovation networks, which is found essential in terms of the industry benefiting from the emergence of a regional bioeconomy in South-East Finland.

Wood Academy (01/01/2013 - 30/06/2014)

Last updated on 2018-19-10 at 08:49