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Innovation is the engine of development for enterprises,and there is an increasing trend to adopt an open innovation strategy.However,how to manage extal resources in an open,collaborative and complementary manner,and in a shared environment that will yield the greatest networking effects,it is a challenging task.Because there is no such a satisfactory model for an open innovation strategy that combine operational mechanisms with the management of extal resources.This article tries to fill the gap by adopting a resource-based perspective to construct an overall open innovation (OOI) business model.In this model,extal resources are classified as industrial and non-industrial entities,to enable the identification of the interaction methods between manufacturing enterprises and extal resources.The management of extal resources involved in a Technology Open Innovation (TOI) cycle is given particular attention that includes:1) the classification of the extal resources of a TOI,2) the general mechanisms extracted to promote qualified resources in and unqualified resources out,and 3) a business model to conceptualize the collaboration between enterprises and extal resources.A case study of TOI is also provided to empirically verify its feasibility.This paper contributes to the literature by providing an original operational model and mechanism design for an open innovation strategy that is capable of managing extal resources effectively.