Rethinking Open Innovation Beyond the Innovation Funnel

In his article, I first argue that open innovation can be applied in situations where companies do not themselves develop new products or services. As a consequence, open innovation becomes relevant for a much larger group of organizations than previously considered. Second, I argue that open-innova...

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Main Author: Wim Vanhaverbeke
Format: Article
Language:English
Published: Carleton University 2013-04-01
Series:Technology Innovation Management Review
Subjects:
Online Access:http://www.timreview.ca/sites/default/files/article_PDF/Vanhaverbeke_TIMReview_April2013.pdf
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author Wim Vanhaverbeke
author_facet Wim Vanhaverbeke
author_sort Wim Vanhaverbeke
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description In his article, I first argue that open innovation can be applied in situations where companies do not themselves develop new products or services. As a consequence, open innovation becomes relevant for a much larger group of organizations than previously considered. Second, I argue that open-innovation scholars have insufficiently differentiated open-innovation initiatives in terms of their impact on companies’ growth: some open-innovation initiatives lead to incremental innovations in an existing business while, in other cases, open-innovation initiatives are used to establish completely new businesses. Both arguments illustrate the need to integrate open-innovation initiatives into the strategy of the firm.
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spelling doaj.art-c71a6f0253af4ef99fa194b035cedf182022-12-21T18:28:50ZengCarleton UniversityTechnology Innovation Management Review1927-03212013-04-01April 2013: Open Innovation and Entrepreneurship610Rethinking Open Innovation Beyond the Innovation FunnelWim VanhaverbekeIn his article, I first argue that open innovation can be applied in situations where companies do not themselves develop new products or services. As a consequence, open innovation becomes relevant for a much larger group of organizations than previously considered. Second, I argue that open-innovation scholars have insufficiently differentiated open-innovation initiatives in terms of their impact on companies’ growth: some open-innovation initiatives lead to incremental innovations in an existing business while, in other cases, open-innovation initiatives are used to establish completely new businesses. Both arguments illustrate the need to integrate open-innovation initiatives into the strategy of the firm.http://www.timreview.ca/sites/default/files/article_PDF/Vanhaverbeke_TIMReview_April2013.pdfinnovation funnelnew product developmentOpen innovationstrategy
spellingShingle Wim Vanhaverbeke
Rethinking Open Innovation Beyond the Innovation Funnel
Technology Innovation Management Review
innovation funnel
new product development
Open innovation
strategy
title Rethinking Open Innovation Beyond the Innovation Funnel
title_full Rethinking Open Innovation Beyond the Innovation Funnel
title_fullStr Rethinking Open Innovation Beyond the Innovation Funnel
title_full_unstemmed Rethinking Open Innovation Beyond the Innovation Funnel
title_short Rethinking Open Innovation Beyond the Innovation Funnel
title_sort rethinking open innovation beyond the innovation funnel
topic innovation funnel
new product development
Open innovation
strategy
url http://www.timreview.ca/sites/default/files/article_PDF/Vanhaverbeke_TIMReview_April2013.pdf
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