An innovation that works for one organization may be detrimental to another organization. Therefore, best practices for managing technological innovations vary depending on the type of organization in question. A best practice that can be used by all organizations is the concept of open innovation. In the article How to manage open innovation: organizational approach, Liliana (2013) explains that “Unlike the closed model, which assumes in-house research and development (R&D) and targets traditional markets, open innovation puts the emphasis on external relationships to acquire and/or develop inventions. »(Liliana, 2013, p.7). Open innovation is a concept that was developed by Henry Chesbrough because he felt "frustrated that there were not more useful ideas and advice from academia" (Chesbrough, 2011) . Open innovation opens the doors to a wide range of ideas and suggestions that can help an organization succeed in innovating. This will enable the organization to hold a competitive advantage over its competitors. Organizations that understand the importance of managing technological innovation will have an easier time succeeding than those that feel secure and put innovation on the back burner. Managing technological innovation is essential in today's age where technology advances faster than