Strategic Management of Open Innovation: A Dynamic Capabilities Perspective

Marcel Bogers, Henry Chesbrough, Sohvi Heaton, David J. Teece

Research output: Contribution to journalArticleAcademicpeer-review

50 Citations (Scopus)

Abstract

Open innovation has become well established as a new imperative for organizing innovation. In line with the increased use in industry, it has also attracted a lot of attention in academia. However, understanding the full benefits and possible limits of open innovation still remains a challenge. We draw on strategic management theory to describe some of these benefits and limits. More specifically, we develop a dynamic capabilities framework as a way to better understand the strategic management of open innovation, which can then help to better explain both success and failure in open innovation. With this background, as guest editors we introduce select papers published in this Special Section of California Management Review that were originally presented at the fifth annual World Open Innovation Conference, held in San Francisco, California, in December of 2018.

Original languageEnglish
Pages (from-to)77-94
Number of pages18
JournalCalifornia Management Review
Volume62
Issue number1
DOIs
Publication statusPublished - 1 Nov 2019
Externally publishedYes

Keywords

  • business models
  • dynamic capabilities
  • innovation
  • open innovation
  • strategic management

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