Open Innovation’s Potential in the Metaverse: Leveraging Digital Features to Build Trust with Partners

Lukas Falcke and Ann-Kristin Zobel




Open Innovation’s Potential in the Metaverse:  Leveraging Digital Features to Build Trust with Partners

Image Credit | Gorodenkoff

 

Abstract

The rise of digital technologies and open innovation has revolutionized innovation practices, creating new opportunities for moving physical open innovation to metaverse-like virtual environments. This study explores a virtual corporate-startup collaboration program in the energy industry to understand how digital feature usage facilitates trusted relationships and enables successful pilots. This article presents a framework that emphasizes the strategic use of digital information and interaction features for targeting and bonding with partners. Program managers can tackle social barriers through adaptive social engineering of digital interactions. This article also provides an outlook on evolving technologies and hybrid designs.

Access Full Article



Fall 2024

Volume 67
Issue 1

Browse Issue

California Management Review

Berkeley-Haas's Premier Management Journal

Published at Berkeley Haas for more than sixty years, California Management Review seeks to share knowledge that challenges convention and shows a better way of doing business.

Learn more