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Open for innovation: the role of openness in explaining innovation performance among U.K. manufacturing firms

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TLDR
Using a large-scale sample of industrial firms, this paper links search strategy to innovative performance, finding that searching widely and deeply is curvilinearly (taking an inverted U-shape) related to performance.
Abstract
A central part of the innovation process concerns the way firms go about organizing search for new ideas that have commercial potential. New models of innovation have suggested that many innovative firms have changed the way they search for new ideas, adopting open search strategies that involve the use of a wide range of external actors and sources to help them achieve and sustain innovation. Using a large-scale sample of industrial firms, this paper links search strategy to innovative performance, finding that searching widely and deeply is curvilinearly (taking an inverted U-shape) related to performance. Copyright © 2005 John Wiley & Sons, Ltd.

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Journal ArticleDOI

How open is innovation

TL;DR: In this article, a review of the literature on open innovation is presented, focusing on two inbound processes: sourcing and acquiring, and two outbound processes, revealing and selling.
Journal ArticleDOI

Open innovation in SMEs: Trends, motives and management challenges

TL;DR: In this paper, the authors investigate if open innovation practices are also applied by small and medium-sized enterprises (SMEs) and explore the incidence of and apparent trend towards open innovation.
Journal ArticleDOI

Open R&D and open innovation: exploring the phenomenon

TL;DR: In this article, the implications and trends that underpin open innovation are discussed in terms of strategic, organizational, behavioral, knowledge, legal and business perspectives and its economic implications, and a special issue aims to advance the R&D, innovation and technology management perspective by building on past and present studies in the field and providing future directions.
Journal ArticleDOI

Open innovation: State of the art and future perspectives

TL;DR: In this article, the authors explore the limits in our understanding of the open innovation concept and address the questions of what (the content of open innovation), when (the context dependency) and how (the process).
Journal ArticleDOI

Open innovation in SMEs—An intermediated network model

TL;DR: In this article, the authors place the concept of open innovation in the context of SMEs, suggest the input of an intermediary in facilitating innovation, and report accounts of Korean SMEs' success in working with an intermediary.
References
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Journal ArticleDOI

Absorptive capacity: a new perspective on learning and innovation

TL;DR: In this paper, the authors argue that the ability of a firm to recognize the value of new, external information, assimilate it, and apply it to commercial ends is critical to its innovative capabilities.
Posted Content

An Evolutionary Theory of Economic Change

TL;DR: In this paper, the authors developed an evolutionary theory of the capabilities and behavior of business firms operating in a market environment, including both general discussion and the manipulation of specific simulation models consistent with that theory.

Competitive advantage: creating and sustaining superior performance

M.E. Ponter
TL;DR: Porter's concept of the value chain disaggregates a company into "activities", or the discrete functions or processes that represent the elemental building blocks of competitive advantage as discussed by the authors, has become an essential part of international business thinking, taking strategy from broad vision to an internally consistent configuration of activities.
Book

Capitalism, Socialism and Democracy

TL;DR: In this paper, the authors present a history of the first half of the 20th century, from 1875 to 1914, of the First World War and the Second World War.
Journal ArticleDOI

Exploration and Exploitation in Organizational Learning

TL;DR: In this paper, the authors consider the relation between the exploration of new possibilities and the exploitation of old certainties in organizational learning and examine some complications in allocating resources between the two, particularly those introduced by the distribution of costs and benefits across time and space.
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