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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Format: | Article |
Language: | English |
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Carleton University
2013-04-01
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Series: | Technology Innovation Management Review |
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Online Access: | http://www.timreview.ca/sites/default/files/article_PDF/Vanhaverbeke_TIMReview_April2013.pdf |
_version_ | 1819137354931109888 |
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author | Wim Vanhaverbeke |
author_facet | Wim Vanhaverbeke |
author_sort | Wim Vanhaverbeke |
collection | DOAJ |
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. |
first_indexed | 2024-12-22T10:49:33Z |
format | Article |
id | doaj.art-c71a6f0253af4ef99fa194b035cedf18 |
institution | Directory Open Access Journal |
issn | 1927-0321 |
language | English |
last_indexed | 2024-12-22T10:49:33Z |
publishDate | 2013-04-01 |
publisher | Carleton University |
record_format | Article |
series | Technology Innovation Management Review |
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 |
work_keys_str_mv | AT wimvanhaverbeke rethinkingopeninnovationbeyondtheinnovationfunnel |