Chapter fifteen - Innovative business models and open innovation for sustainable supply chain development

The current systematic literature review aims to comprehensively apprehend the opportunities and challenges associated with open innovation in supply chains, specifically focusing on driving sustainable business practices. By synthesizing existing literature and categorizing the knowledge, the current study highlights the barriers hindering the adoption of open innovation. It provides insights into future guidelines for research. This review employed a systematic literature review methodology using PRISMA guidelines, involving a rigorous search and selection process to identify 99 relevant studies. A thorough examination of the selected research publications was undertaken to extract significant themes, findings, and implications about integrating open innovation in supply chains and its correlation with sustainability. The R package was used to create a literature cluster using keywords. Thematic mapping illustrated four dissect clusters of existing literature, that is, Business models innovation, supplier involvement and value chain, Cyber-physical system and blockchain, and E-commerce and technology transfer. The results of the systematic literature review shed lights the importance of strategic alignment across organizational levels for achieving sustainable competitive advantage through open innovation. The review identifies trust and collaboration as critical factors that can pose challenges in competitive industries, emphasizing the need for effective governance and coordination mechanisms to ensure productive collaboration among multiple stakeholders. Intellectual property protection is also a concerned when engaging in open innovation with external partners. The study identifies several future directions for research in open innovation in supply chains. These include further exploration of the interplay between open innovation and Industry 4.0 technologies, examination of the commitment-based human resource practices in fostering open innovation (OI), and the development of sustainable innovation criteria frameworks tailored to specific sectors or supply chain contexts.