Virtual organization for open innovation: Semantic web based inter-organizational team formation

Companies and research institutes are always threatened by rapid technological developments and corporate M&A. They are trying to secure a sustainable competitive advantage using outside knowledge and expertise under open innovation to overcome these shortcomings. As a quantitative and systematical method of selecting virtual team members for open innovation, we present a virtual team formation model and a prototype to verify its efficiency. The test scenario shows how to form a virtual team through internal and external human resources when developing a new product.