TY - JOUR
T1 - Strategic management of open innovation
T2 - A dynamic capabilities perspective
AU - Bogers, Marcel
AU - Chesbrough, Henry
AU - Heaton, Sohvi
AU - Teece, David J.
PY - 2019
Y1 - 2019
N2 - 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.
AB - 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.
KW - business models
KW - dynamic capabilities
KW - innovation
KW - open innovation
KW - strategic management
U2 - 10.1177/0008125619885150
DO - 10.1177/0008125619885150
M3 - Journal article
AN - SCOPUS:85075363128
SN - 0008-1256
VL - 62
SP - 77
EP - 94
JO - California Management Review
JF - California Management Review
IS - 1
ER -