Innovation models and some issues about implementing these models in Vietnam
Published: July 25, 2026
Abstract
Innovation stands out as an essential path in the development of all businesses and organizations. However, navigating through this path is a significant challenge, especially in finding an appropriate innovation model. This article delineates six distinct innovation models and traces the evolution of the innovation process. Tailored to the context of Vietnam, this study addressed issues and proposed practical steps for implementing innovation models in Vietnamese enterprises. Emphasizing the comprehension of understanding customer needs and behaviors in adopting new offerings, fostering innovative strategic thinking within the framework of business 5.0, and developing an innovation ecosystem in Vietnam are the key focal points.
Keywords
innovationinnovation model
References
1.
Phan Anh (2023). Việt Nam tăng hai bậc xếp hạng chỉ số đổi mới sáng tạo toàn cầu năm 2023. Truy cập tại https://vneconomy.vn/viet-nam-tang-2-bac-xep-hang-chi-so-doi-moi-sang-tao-toan-cau-nam-2023.
2.
Aquilani, B.; Piccarozzi, M.; Abbate, T.; Codini, A. (2020). The Role of Open Innovation and Value Co-creation in the Challenging Transition from Industry 4.0 to Society 5.0: Toward a Theoretical Framework. Sustainability, 12, 8943.
3.
Berthon, P., Ewing, M., & Hah, L. L. (2005). Captivating company: Dimensions of attractiveness in employer branding. International Journal of Advertising, 24(2), 151-172.
4.
Chesbrough, H. and Bogers, M. (2014). Explicating Open Innovation: Clarifying an Emerging Paradigm for Understanding Innovation. In: Chesbrough, H., Vanhaverbeke, W. and West, J., Eds., Open Innovation: New Frontiers and Applications (pp. 3-28). Oxford University Press, Oxford.
5.
Costa, J. & Matias, J.C.O. (2020). Open Innovation 4.0 as an Enhancer of Sustainable Innovation Ecosystems. Sustainability, 12, 8112.
6.
Curley, M. & Salmelin, B. (2014). Open Innovation 2.0 - A New Paradigm. EU Publications, Luxembourg.
7.
Curley, M. & Salmelin, B. (2018). Open Innovation 2.0: The New Mode of Digital Innovation for Prosperity and Sustainability. Springer International Publishing, USA.
8.
Hafkesbrink, J. & Schroll, M. (2011). Innovation 3.0: Embedding into Community Knowledge-Collaborative Organizational Learning Beyond Open Innovation. Journal of Innovation Economics, 7, 55-92.
9.
West, J., and K. Lakhani. (2008). Getting Clear About the Role of Communities in Open Innovation. Industry and Innovation, 15(2), 223-231.
