Abstract
We argue in favor of Open Innovation (OI). It is the idea that firms can intentionally appropriate complementary knowledge from external sources. OI considers inbound and outbound activities—for profit or not—to access, transform, use, or release knowledge, through the establishment of partnerships and alliances. We suggest that OI should not be considered as an independent theory, but rather as an evolution of the linear (closed) innovation process—a strategic response to profound transformations of technological, social, and economic regimens. However, regardless of its popularity as a strategic tool for value creation, OI is not yet a formal activity in firms, and therefore it does not have a considerable effect in their operational performance. In this context, organizational culture plays a key role. We argue that once formalized, OI can be a powerful strategic asset to develop new business models for products and services.
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Ricard, L.M., Jofre, S. (2023). For Open Innovation. In: Rehn, A., Örtenblad, A. (eds) Debating Innovation. Palgrave Debates in Business and Management. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-031-16666-2_12
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