Details
| Original language | English |
|---|---|
| Article number | 1240005 |
| Journal | International Journal of Innovation Management |
| Volume | 16 |
| Issue number | 3 |
| Publication status | Published - Jun 2012 |
Abstract
In this paper, we develop and test a firm-level contingency model of inbound open innovation in an attempt to contribute to explaining the substantial disparities in open innovation payoff that exist between firms. Integrating elements from the resource-and knowledge-based views and the absorptive capacity literature, we propose that specific innovation management activities can play an important moderating role as they are likely to enhance firms' capacity to identify, assimilate and utilise external knowledge inputs. Drawing on longitudinal data from 1,170 German manufacturing and service firms, econometric analyses reveal that returns from open innovation are greatest when firms maintain their internal research capacity, employ a dedicated incentive system for innovation and advocate strong cross-functional collaboration. Decision-makers are thus well advised not to take positive returns from open innovation for granted. Rather, they need to achieve excellence in key innovation management activities, if their firm is to fully harness the value of openness.
Keywords
- absorptive capacity, contingency theory, innovation management, Open innovation
ASJC Scopus subject areas
- Business, Management and Accounting(all)
- Business and International Management
- Business, Management and Accounting(all)
- Strategy and Management
- Business, Management and Accounting(all)
- Management of Technology and Innovation
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In: International Journal of Innovation Management, Vol. 16, No. 3, 1240005, 06.2012.
Research output: Contribution to journal › Article › Research › peer review
}
TY - JOUR
T1 - Harnessing the value of open innovation
T2 - The moderating role of innovation management
AU - Salge, Torsten Oliver
AU - BohnÉ, Thomas Marc
AU - Farchi, Tomas
AU - Piening, Erk Peter
N1 - Funding Information: We would like to thank Siah Hwee Ang, Steffen Conn, Eelko Huizingh, Kenneth Husted and Joe Tidd for their helpful comments. We also thank seminar participants at The University of Auckland Business School and ISPIM Symposium in Wellington, where a previous version of this paper won the Knut Holt Award for the best conference paper. We are also grateful to the ZEW in Mannheim, Germany, for providing access to the data. Finally, Tomas Farchi would like to acknowledge the financial support provided by the NIHR Biomedical Research Centre, Oxford.
PY - 2012/6
Y1 - 2012/6
N2 - In this paper, we develop and test a firm-level contingency model of inbound open innovation in an attempt to contribute to explaining the substantial disparities in open innovation payoff that exist between firms. Integrating elements from the resource-and knowledge-based views and the absorptive capacity literature, we propose that specific innovation management activities can play an important moderating role as they are likely to enhance firms' capacity to identify, assimilate and utilise external knowledge inputs. Drawing on longitudinal data from 1,170 German manufacturing and service firms, econometric analyses reveal that returns from open innovation are greatest when firms maintain their internal research capacity, employ a dedicated incentive system for innovation and advocate strong cross-functional collaboration. Decision-makers are thus well advised not to take positive returns from open innovation for granted. Rather, they need to achieve excellence in key innovation management activities, if their firm is to fully harness the value of openness.
AB - In this paper, we develop and test a firm-level contingency model of inbound open innovation in an attempt to contribute to explaining the substantial disparities in open innovation payoff that exist between firms. Integrating elements from the resource-and knowledge-based views and the absorptive capacity literature, we propose that specific innovation management activities can play an important moderating role as they are likely to enhance firms' capacity to identify, assimilate and utilise external knowledge inputs. Drawing on longitudinal data from 1,170 German manufacturing and service firms, econometric analyses reveal that returns from open innovation are greatest when firms maintain their internal research capacity, employ a dedicated incentive system for innovation and advocate strong cross-functional collaboration. Decision-makers are thus well advised not to take positive returns from open innovation for granted. Rather, they need to achieve excellence in key innovation management activities, if their firm is to fully harness the value of openness.
KW - absorptive capacity
KW - contingency theory
KW - innovation management
KW - Open innovation
UR - http://www.scopus.com/inward/record.url?scp=84862215151&partnerID=8YFLogxK
U2 - 10.1142/S1363919612400051
DO - 10.1142/S1363919612400051
M3 - Article
AN - SCOPUS:84862215151
VL - 16
JO - International Journal of Innovation Management
JF - International Journal of Innovation Management
SN - 1363-9196
IS - 3
M1 - 1240005
ER -