The purpose of this assessment is to assess students' understanding of innovation in the sharing economy. In particular, students need to demonstrate their knowledge and understanding of how open innovation is applied in the sharing economy. In the report, students will elaborate on (1) why open innovation is critical for modern enterprise, (2) the characteristics of the sharing economy, and (3) how open innovation can be facilitated in the sharing economy. An example or examples need to be provided to strengthen the arguments. Students are required to use relevant references to justify their statements.

Suggested section

IntroductionIntroduction of the topic and an outline of the definitions of open innovation and the sharing economy.

Main body of the report (this can be structured using 3 sub- headings: open innovation, the sharing economy, facilitating open innovation in the sharing economy)

ConclusionSummarise the key findings of the report.

References Use scholarly articles to justify your points. The minimum number of references is 15 references.

1. An elaboration of why open innovation is important for modern enterprise. Please find below several references on open innovation that I have provided to guide you. You are encouraged to read beyond these recommended readings. 1. Bogers, M., Chesbrough, H., Heaton, S., and Teece, D.J. (2019). Strategic management of open innovation: A dynamic capabilities perspective. California Management Review, 62(1), 77-94. 2. Botsman, R., and Rogers, R. (2010). What's Mine is Yours: The Rise of Collaborative Consumption. Harper Collins. 3. Bogers, M., Chesbrough, H., and Moedas, C. (2018). Open innovation: Research, practices, and policies. California Management Review, 60(2), 5- 16. 4. Chesbrough, H. (2017). The future of open innovation. Research Technology Management, 60(1), 35-38. 5. Chesbrough, H. (2006). Open Business Models: How to Thrive in the New Innovation Landscape. Boston, MA: Harvard Business Press. 6. Chesbrough, H. (2003). Open Innovation: The New Imperative for Creating and Profiting from Technology. Boston, MA: Harvard Business School Press. 7. Huston, L., and Sakkab, N. (2006). Connect and develop: Inside Procter & Gamble's new model for innovation. Harvard Business Review, 84(3), 58-66.

2. An elaboration of the characteristics of the sharing economy. Please find below several references on the sharing economy that I have provided to guide you. You are encouraged to read beyond these recommended readings. 1. Acquier, A., Daudigeos, T., & Pinkse, J. (2017). Promises and paradoxes of the sharing economy: An organizing framework. Technological Forecasting and Social Change, 125, 1-10. 2. Belk, R. (2014). You are what you can access: Sharing and collaborative consumption online. Journal of Business Research, 67(8), 1595-1600. 3. Geissinger, A., Laurell, C., berg, C., Sandstrm, C., and Suseno, Y. (2020) (authors listed in alphabetical order, all authors contributed equally). Assessing user perceptions of the interplay between the sharing, access, platform and community-based economies. Information Technology & People, 33(3), 1037-1051. 4. Geissinger, A., Laurell, C., berg, C., Sandstrm, C., Sick, N., and Suseno, Y. (2020) (early cite) (authors listed in alphabetical order, all authors contributed equally). Social media analytics for knowledge acquisition of market and non-market perceptions in the sharing economy. Journal of Knowledge Management. https://doi.org/10.1108/JKM-01-2020-0038 5. Hamari, J., Sjoklint, M., & Ukkonen, A. (2016). The sharing economy: Why people participate in collaborative consumption. Journal of the Association for Information Science and Technology, 67(9), 2047-2059. 6. Heimans, J., and Timms, H. (2014). Understanding "new power". Harvard Business Review, 92(12), 48-56. 7. Ma, Y., Rong, K., Luo, Y., Wang, Y., Mangalagiu, D., & Thornton, T. F. (2019). Value co-creation for sustainable consumption and production in the sharing economy in China. Journal of Cleaner Production, 208, 1148-1158. 3. An elaboration on how open innovation can be facilitated in the sharing economy (illustrate using an example or examples how such open innovation can be facilitated in the sharing economy).