The growing pressure for innovation has led companies to seek new ways to manage and acquire knowledge. Thus, innovation management is a critical activity for all companies and open innovation is a means that aims to commercially exploit innovation opportunities. The literature on open innovation has grown, however, there are still research gaps in terms of practices, their operationalization and results in organizations. This article aims to identify the main OI practices, characteristics and barriers for its implementation and its impact on the company's performance. As a result, this study helps managers to implement OI practices, taking into account their barriers and contextual factors, in addition to generating research opportunities