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 language | English |
|---|---|
| Pages (from-to) | 77-94 |
| Number of pages | 18 |
| Journal | California Management Review |
| Volume | 62 |
| Issue number | 1 |
| DOIs | |
| Publication status | Published - 1 Nov 2019 |
| Externally published | Yes |
Funding
Bogers Marcel 1 2 Chesbrough Henry 2 Heaton Sohvi 3 Teece David J. 2 1 University of Copenhagen, Copenhagen, Denmark 2 University of California, Berkeley, Berkeley, CA, USA 3 Loyola Marymount University, Los Angeles, CA, USA 11 2019 62 1 77 94 © The Regents of the University of California 2019 2019 The Regents of the University of California 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. innovation open innovation strategic management dynamic capabilities business models We are extremely grateful to all our colleagues who have helped to make the World Open Innovation Conference (WOIC) a success as well as to the participants who contributed with their academic papers, industry challenges, and overall constructive attitude to help shape the contemporary understanding of open innovation. We would also specifically like to express our gratitude to David Vogel, Kora Cypress, Gundars Strads, and their colleagues at the California Management Review editorial office, as well as the reviewers who helped to assess and improve the papers that were selected for this Special Section. Funding The author(s) disclosed receipt of the following financial support for the research, authorship, and/or publication of this article: M.B. acknowledges the support of the Novo Nordisk Foundation (Grant No. NNF16OC0021630).
Keywords
- business models
- dynamic capabilities
- innovation
- open innovation
- strategic management