Risk Management from the View Point of Company in Industry-Academia Open Innovation

Abstract

This research presents ways in which companies engaged in industry-academia open innovation manage risks. Recently, importance of industry-academia open innovation is increasing. Universities, in particular, find it difficult to administrate risks; such as, information leakages, breaches of contract, conflicts of interest, etc. One of the reasons for this is multiple organizational structures of universities, which include bureaucracies, collegiums, enterprises, and corporations. In contrast, corporate governance is comparatively easy to administer because the organizational structure is bureaucratic basically. Therefore, companies that introduce industry-academia open innovation should manage their risks, including the ones mentioned above.