Facing the winds of change: The managerial power of Open Innovation
Main Article Content
Abstract
Since Henry Chesbrough coined the term of Open Innovation in 2003, it has attracted increasing interest from academics, practitioners and policy-makers alike. More than a decade after, some noticeable and contrasted facts emerge. First, Open Innovation has deeply penetrated the research realms, across disciplines, yet mainly in business, economics and management. Interestingly, this research has primarily focused on the inbound side of Open Innovation, first depicting the phenomenon, then exploring the contingencies and processes, and finally, examining the relationship between Open Innovation adoption and performance. Qualitative, exploratory research has been progressively complemented by large-scale, empirical studies. Unfortunately, few studies exploit indicators going beyond the usual suspects, such as cooperation practices, information sourcing, strategic alliances, joint patenting, and the like to capture the complex and multifaceted nature of Open Innovation. The Outbound, and concomitantly, the coupled side of Open innovation is now gaining more popularity within the research community, with seminal contributions, usually depicting how firms can leverage on external channels to increase their profits and societal impact. An illustration of such research, authored by Chesbrough and Chen, is included in this thematic issue. (...)
Article Details
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).