Open innovation challenges – How to overcome the most common ones?

Open innovation is becoming more popular as it can expand an organization's potential for innovation. However, there are challenges and risks associated with open innovation that can be divided into four categories: strategic, operational, legal, and cultural. Strategic challenges include unclear goals and selecting the wrong audience. Operational challenges involve building an effective process, developing and implementing ideas, and finding the right open innovation platform. Legal challenges such as ensuring intellectual property rights and terms and conditions can be handled appropriately. Cultural challenges involve negative attitudes towards open innovation and a lack of collaborative, cross-functional company culture.