External Technology Commercialization In Diversified Firms In The Context Of The Open Innovation Paradigm

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External Technology Commercialization in Diversified Firms in the Context of the Open Innovation Paradigm

Author : David Heider
Publisher : GRIN Verlag
ISBN 13 : 3656157731
Total Pages : 77 pages
Book Rating : 4.6/5 (561 download)

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Book Synopsis External Technology Commercialization in Diversified Firms in the Context of the Open Innovation Paradigm by : David Heider

Download or read book External Technology Commercialization in Diversified Firms in the Context of the Open Innovation Paradigm written by David Heider and published by GRIN Verlag. This book was released on 2012-03 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, Maastricht University, course: Strategy and Innovation, language: English, abstract: Changes in the competitive environment, globalization and the fast technological innovation rate of today have called for a shift in the corporate mindset of industrial firms. The traditional closed model of research and development (R&D) inside the firms' boundaries, which optimally ends with a regular commercialization of the invented product, has increasingly been challenged (Chesbrough, 2003). The emerged concept of the open innovation paradigm comprises corporate activities of either acquiring external knowledge or exploiting internal knowledge besides the traditional ways of product commercialization. The latter refers to knowledge exploitation or more specifically to external technology commercialization (ETC) (Lichtenthaler & Ernst, 2007) and represents the core field of this study. The increased interest in ETC across industries is a trend stemming from industrial and managerial practice rather than from theory (Lichtenthaler, 2010a). However, more and more contributions put their focus on the concept of external knowledge exploitation and its implications (e.g. Fosfuri, 2006; Gassmann & Enkel, 2004; Lichtenthaler, 2005, 2010b). Most of these studies either generally discuss the ETC particularities or specifically examine licensing strategies as means of ETC and their corporate impact. It has been argued that besides the purely financial aspects firms have different motives for engaging in knowledge exploitation activities, such as the access to another company's technology portfolio (Rivette & Kline, 1999), the identification of intellectual property infringements (Koruna, 2004) or the increase in speed of the R&D activities by realized learning effects (Lichtenthaler & Ernst, 2007). This case study concentrates on a firm's s

External Technology Commercialization in Diversified Firms in the Context of the Open Innovation Paradigm

Author : David Heider
Publisher : GRIN Verlag
ISBN 13 : 3656157375
Total Pages : 74 pages
Book Rating : 4.6/5 (561 download)

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Book Synopsis External Technology Commercialization in Diversified Firms in the Context of the Open Innovation Paradigm by : David Heider

Download or read book External Technology Commercialization in Diversified Firms in the Context of the Open Innovation Paradigm written by David Heider and published by GRIN Verlag. This book was released on 2012-03-22 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2011 in the subject Business economics - Business Management, Corporate Governance, grade: 1,0, Maastricht University, course: Strategy and Innovation, language: English, abstract: Changes in the competitive environment, globalization and the fast technological innovation rate of today have called for a shift in the corporate mindset of industrial firms. The traditional closed model of research and development (R&D) inside the firms’ boundaries, which optimally ends with a regular commercialization of the invented product, has increasingly been challenged (Chesbrough, 2003). The emerged concept of the open innovation paradigm comprises corporate activities of either acquiring external knowledge or exploiting internal knowledge besides the traditional ways of product commercialization. The latter refers to knowledge exploitation or more specifically to external technology commercialization (ETC) (Lichtenthaler & Ernst, 2007) and represents the core field of this study. The increased interest in ETC across industries is a trend stemming from industrial and managerial practice rather than from theory (Lichtenthaler, 2010a). However, more and more contributions put their focus on the concept of external knowledge exploitation and its implications (e.g. Fosfuri, 2006; Gassmann & Enkel, 2004; Lichtenthaler, 2005, 2010b). Most of these studies either generally discuss the ETC particularities or specifically examine licensing strategies as means of ETC and their corporate impact. It has been argued that besides the purely financial aspects firms have different motives for engaging in knowledge exploitation activities, such as the access to another company’s technology portfolio (Rivette & Kline, 1999), the identification of intellectual property infringements (Koruna, 2004) or the increase in speed of the R&D activities by realized learning effects (Lichtenthaler & Ernst, 2007). This case study concentrates on a firm’s surroundings which affect the strategic ETC decision from two dimensions. First, extrinsic factors which lay beyond managerial reach, such as the industry in which the organization operates. Second, intrinsic, strategic factors like the management of R&D activities as well as the steering of a dedicated ETC unit are investigated. By scrutinizing contemporary theory on open innovation, external technology commercialization and firm characteristics, a conceptual framework will be created which will be later challenged against the findings of a case study analysis in a large diversified conglomerate.

Open Innovation Results

Author : Henry Chesbrough
Publisher : Oxford University Press, USA
ISBN 13 : 0198841906
Total Pages : 216 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Open Innovation Results by : Henry Chesbrough

Download or read book Open Innovation Results written by Henry Chesbrough and published by Oxford University Press, USA. This book was released on 2019-12-04 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: To get real results from innovation, businesses must open up their innovation process and finish more of what they start. This book offers the latest theory and evidence from innovation processes, and discusses how they can, and must, connect to the organization as a whole in order to have real long-term value.

Researching Open Innovation In Smes

Author : Wim Vanhaverbeke
Publisher : World Scientific
ISBN 13 : 9813230983
Total Pages : 536 pages
Book Rating : 4.8/5 (132 download)

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Book Synopsis Researching Open Innovation In Smes by : Wim Vanhaverbeke

Download or read book Researching Open Innovation In Smes written by Wim Vanhaverbeke and published by World Scientific. This book was released on 2018-02-13 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of open innovation (OI) has become a very popular topic during the last decade, with increasing number of SMEs embracing OI practices to gain competitive advantage. This edited volume is a timely opportunity to gather research on OI in SMEs, to investigate how OI is managed and implemented to determine the peculiarities compared to OI management in large companies, and to specify the consequences for future OI research.The book offers insights into the following topics: The state of the art on open innovation in SMEs; adopting open innovation in SMEs; interorganizational networks and innovation ecosystems; sectoral patterns of open innovation in SMEs; and measuring, evaluating and stimulating open innovation in SMEs.

Open and Closed Innovation

Author : Philipp Herzog
Publisher : Springer Science & Business Media
ISBN 13 : 3834961655
Total Pages : 280 pages
Book Rating : 4.8/5 (349 download)

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Book Synopsis Open and Closed Innovation by : Philipp Herzog

Download or read book Open and Closed Innovation written by Philipp Herzog and published by Springer Science & Business Media. This book was released on 2011-01-22 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: Philipp Herzog develops a theoretical framework arguing that Open Innovation and Closed Innovation cultures need to be distinguished. The findings help firms cope with the challenges experienced in implementing the Open Innovation concept.

Disembodied Knowledge Flows in the World Economy

Author : Suma Athreye
Publisher : WIPO
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4./5 ( download)

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Book Synopsis Disembodied Knowledge Flows in the World Economy by : Suma Athreye

Download or read book Disembodied Knowledge Flows in the World Economy written by Suma Athreye and published by WIPO. This book was released on with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors outline the main trends in the growth of disembodied technology trade vis-a-vis international licensing and the trade in research and development and technical services. They show that there is considerable heterogeneity across countries in the form of technology trade that countries specialize in and also suggest these are related to underlying appropriability conditions and intellectual property rights regimes.

Managing Intellectual Capital

Author : David J. Teece
Publisher : Oxford University Press, USA
ISBN 13 : 0198295413
Total Pages : 311 pages
Book Rating : 4.1/5 (982 download)

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Book Synopsis Managing Intellectual Capital by : David J. Teece

Download or read book Managing Intellectual Capital written by David J. Teece and published by Oxford University Press, USA. This book was released on 2000 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: The astute management of technology is essential for firms who wish to compete within the new economy. In this in-depth study, David Teece considers how firms can exploit technological innovation, protecting their intellectual capital, while staying ahead of the competition.

Open Innovation in Global Networks

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264047697
Total Pages : 131 pages
Book Rating : 4.2/5 (64 download)

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Book Synopsis Open Innovation in Global Networks by : OECD

Download or read book Open Innovation in Global Networks written by OECD and published by OECD Publishing. This book was released on 2008-10-03 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines what drives companies to collaborate with external partners on R&D, how this fits into overall strategies, whether such collaboration is open to SMEs and what the consequences are.

Human-Computer Interaction and Technology Integration in Modern Society

Author : Rahman, Hakikur
Publisher : IGI Global
ISBN 13 : 1799858510
Total Pages : 347 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Human-Computer Interaction and Technology Integration in Modern Society by : Rahman, Hakikur

Download or read book Human-Computer Interaction and Technology Integration in Modern Society written by Rahman, Hakikur and published by IGI Global. This book was released on 2021-02-19 with total page 347 pages. Available in PDF, EPUB and Kindle. Book excerpt: Technology has opened a wide window of novel communication methods and techniques and has become ubiquitous in modern society. With advancements occurring rapidly and transforming practices and efficiencies within all fields including business, education, medicine, engineering, and so on, it is important to remain up to date on the latest research findings. Human-Computer Interaction and Technology Integration in Modern Society is a critical reference source that examines the integration of technological innovations into every aspect of modern society including education and business. Highlighting important topics that include digitization, human development, knowledge management, and open innovation, this book is ideal for IT specialists, policymakers, professionals, academicians, researchers, practitioners, and students.

The Influence of Internal Barriers on Open Innovation

Author : Pedro de Faria
Publisher : Routledge
ISBN 13 : 1000357287
Total Pages : 97 pages
Book Rating : 4.0/5 (3 download)

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Book Synopsis The Influence of Internal Barriers on Open Innovation by : Pedro de Faria

Download or read book The Influence of Internal Barriers on Open Innovation written by Pedro de Faria and published by Routledge. This book was released on 2021-03-23 with total page 97 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite providing us with a good understanding of how firms use certain mechanisms to benefit from open innovation strategies, current research provides only limited insights into how barriers internal to the firm may hamper knowledge transfer and limit effective utilization of external knowledge sources. The Influence of Internal Barriers on Open Innovation proposes a dynamic perspective that addresses this gap and aims at stimulating this discussion in two ways. First, by looking at how the way firms structure their internal (innovation) activities may (unintentionally) create barriers to the incorporation of external knowledge. Second, by reflecting on how internal barriers might be coupled to firm decisions aimed at the optimization of innovation processes, like the balance between exploration and exploitation strategies. The chapters of this book provide detailed conceptualization and investigation of organizational characteristics and practices that influence internal barriers to open innovation. The diverse set of studies described in the chapters of this book will help open innovation scholars to better understand the challenges that firms face when dealing with internal barriers that affect their external knowledge search and knowledge sourcing. The chapters in this book were originally published as a special issue of the journal Industry and Innovation.

Open Innovation Research, Management And Practice

Author : Joe Tidd
Publisher : World Scientific
ISBN 13 : 1783262826
Total Pages : 456 pages
Book Rating : 4.7/5 (832 download)

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Book Synopsis Open Innovation Research, Management And Practice by : Joe Tidd

Download or read book Open Innovation Research, Management And Practice written by Joe Tidd and published by World Scientific. This book was released on 2013-10-24 with total page 456 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of open innovation has become increasingly popular in the management and policy literature on technology and innovation. However, despite the large volume of empirical work, many of the prescriptions being proposed are fairly general and not specific to particular contexts and contingencies. The proponents of open innovation are universally positive but research suggests that the specific mechanisms and outcomes of open innovation models are very sensitive to context and contingency. This is not surprising because the open or closed nature of innovation is historically contingent and does not entail a simple shift from closed to open as often suggested in the literature. Research has shown that patterns of innovation differ fundamentally by sector, firm and strategy. Therefore, there is a need to examine the mechanisms that help to generate successful open innovation. In this book, the authors contribute to a shift in the debate from potentially misleading general prescriptions, and provide conceptual and empirical insights into the precise mechanisms and potential limitations of open innovation research and management practice.

Globalization of Technology

Author : Proceedings of the Sixth Convocation of The Council of Academies of Engineering and Technological Sciences
Publisher : National Academies Press
ISBN 13 : 9780309038423
Total Pages : 224 pages
Book Rating : 4.0/5 (384 download)

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Book Synopsis Globalization of Technology by : Proceedings of the Sixth Convocation of The Council of Academies of Engineering and Technological Sciences

Download or read book Globalization of Technology written by Proceedings of the Sixth Convocation of The Council of Academies of Engineering and Technological Sciences and published by National Academies Press. This book was released on 1988-02-01 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The technological revolution has reached around the world, with important consequences for business, government, and the labor market. Computer-aided design, telecommunications, and other developments are allowing small players to compete with traditional giants in manufacturing and other fields. In this volume, 16 engineering and industrial experts representing eight countries discuss the growth of technological advances and their impact on specific industries and regions of the world. From various perspectives, these distinguished commentators describe the practical aspects of technology's reach into business and trade.

Open Services Innovation

Author : Henry Chesbrough
Publisher : John Wiley & Sons
ISBN 13 : 0470905743
Total Pages : 88 pages
Book Rating : 4.4/5 (79 download)

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Book Synopsis Open Services Innovation by : Henry Chesbrough

Download or read book Open Services Innovation written by Henry Chesbrough and published by John Wiley & Sons. This book was released on 2011-01-18 with total page 88 pages. Available in PDF, EPUB and Kindle. Book excerpt: The father of "open innovation" is back with his most significant book yet. Henry Chesbrough’s acclaimed book Open Innovation described a new paradigm for management in the 21st century. Open Services Innovation offers a new approach that demonstrates how open innovation combined with a services approach to business is an effective and powerful way to grow and compete in our increasingly services-driven economy. Chesbrough shows how companies in any industry can make the critical shift from product- to service-centric thinking, from closed to open innovation where co-creating with customers enables sustainable business models that drive continuous value creation for customers. He maps out a strategic approach and proven framework that any individual, business unit, company, or industry can put to work for renewed growth and profits. The book includes guidance and compelling examples for small and large companies, services businesses, and emerging economies, as well as a path forward for the innovation industry. "Whether you are managing a product or a service, your business needs to become more open and more inclusive in order to be more innovative. Open Services Innovation will be an invaluable guide to intrepid managers who commit to making that journey." —GARY HAMEL, visiting professor, London Business School; director, Management Lab; and author, The Future of Management "I tore out page after page to share with my leaders. Chesbrough has pioneered an entire rethink of business innovation that’s rich in concept, deeply explained, with tools ready to use in every industry." —SCOTT COOK, founder and chairman of the executive committee, Intuit "Focusing on core competence often tempts managers to keep continuing what succeeded in the past. A far more important question is what capabilities are critical in the future, and Chesbrough shows how to ask and answer these issues." —CLAYTON CHRISTENSEN, Robert & Jane Cizik Professor of Business Administration, Harvard Business School, and author, The Innovator's Dilemma "To thrive, businesses will need to master the lessons of open service innovation. Here is their one-stop guidebook with important lessons clearly and compellingly presented." —JAMES C. SPOHRER, director, IBM University Programs World-Wide "Open Innovation pioneer Henry Chesbrough breaks new ground with Open Services Innovation, a persuasive argument for the power of co-creation in the world of services." —TOM KELLEY, general manager, IDEO, and author, The Ten Faces of Innovation, The Art of Innovation "With his trademark style of beautifully explained examples, Henry Chesbrough shows how open service innovation and new business models can help you escape this product commodity trap and bring you to the next level of competition." —ALEX OSTERWALDER, author, Business Model Generation "Open Services Innovation shows how a business can redefine itself as a service organisation and tap into faster growth through shared innovation." —SIR TERRY LEAHY, chief executive, Tesco "Chesbrough shows how innovating openly with a services mindset can make you a market leader." —CHARLENE LI, author, Open Leadership, and founder, Altimeter Group

Open Innovation And Knowledge Management In Small And Medium Enterprises

Author : Susanne Durst
Publisher : World Scientific
ISBN 13 : 9813233605
Total Pages : 243 pages
Book Rating : 4.8/5 (132 download)

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Book Synopsis Open Innovation And Knowledge Management In Small And Medium Enterprises by : Susanne Durst

Download or read book Open Innovation And Knowledge Management In Small And Medium Enterprises written by Susanne Durst and published by World Scientific. This book was released on 2018-01-30 with total page 243 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book studies the interplay between open innovation and knowledge management issues in small and medium-sized enterprises (SMEs). With the proliferation of the open innovation paradigm and against the backdrop of increasing external knowledge transfer activities, knowledge management is more important than ever for innovation and firm performance of any type of organization. In fact, knowledge management is no longer a pure intra-organizational activity but constitutes a vital interface function between the organization and its external partners/stakeholders.Throughout the book, readers will obtain both a broad overview of the two main concepts namely open innovation and knowledge management and its interplay. In addition, research will be presented which will help the readers to develop and/or expand their understanding of the phenomenon. This broad approach can also support in broadening the mindset regarding the topic under investigation and its application. Thereby, this book will primarily focus on SMEs and their approach with respect to the interplay in question.In order to achieve the above-mentioned aim, the book consists of ten chapters that are assigned to three parts. Part 1 introduces to the main concepts, namely, SMEs, Open Innovation, Knowledge Management, and the interplay between open innovation and knowledge management in SMEs. This is followed by Part 2, which provides empirical research insights into the phenomenon of interest. The book concludes with Part 3 which addresses promising future avenues regarding the study of open innovation and knowledge management in SMEs. All the chapters are written by leading international researchers in the respective fields, which makes the book a unique piece of work.

Learning by Doing in Markets, Firms, and Countries

Author : Naomi R. Lamoreaux
Publisher : University of Chicago Press
ISBN 13 : 0226468437
Total Pages : 356 pages
Book Rating : 4.2/5 (264 download)

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Book Synopsis Learning by Doing in Markets, Firms, and Countries by : Naomi R. Lamoreaux

Download or read book Learning by Doing in Markets, Firms, and Countries written by Naomi R. Lamoreaux and published by University of Chicago Press. This book was released on 2007-11-01 with total page 356 pages. Available in PDF, EPUB and Kindle. Book excerpt: Learning by Doing in Markets, Firms, and Countries draws out the underlying economics in business history by focusing on learning processes and the development of competitively valuable asymmetries. The essays show that organizations, like people, learn that this process can be organized more or less effectively, which can have major implications for how competition works. The first three essays in this volume explore techniques firms have used to both manage information to create valuable asymmetries and to otherwise suppress unwelcome competition. The next three focus on the ways in which firms have built special capabilities over time, capabilities that have been both sources of competitive advantage and resistance to new opportunities. The last two extend the notion of learning from the level of firms to that of nations. The collection as a whole builds on the previous two volumes to make the connection between information structure and product market outcomes in business history.

Business Model Innovation

Author : Constantinos Markides
Publisher : Cambridge University Press
ISBN 13 : 1108999174
Total Pages : 119 pages
Book Rating : 4.1/5 (89 download)

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Book Synopsis Business Model Innovation by : Constantinos Markides

Download or read book Business Model Innovation written by Constantinos Markides and published by Cambridge University Press. This book was released on 2023-06-29 with total page 119 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital technologies have allowed for the proliferation of new business models, something that has attracted the attention of academic research. Much of this research has focused on (i) understanding what a business model is and its theoretical connection to the concept of strategy, and (ii) exploring what business model innovation is and what its sources and outcomes are. Less work has gone into studying the issues that established firms face in business model innovation – such as how to respond to the arrival of a disruptive business model in one's industry, or how to compete with dual business models or how to migrate from one business model to another. This Element approaches the topic of business model innovation from the perspective of the established firm and examines the unique strategic and organizational issues that big, established companies face when a new business model enters their markets.

Business Model Design Compass

Author : JinHyo Joseph Yun
Publisher : Springer
ISBN 13 : 9811041288
Total Pages : 238 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Business Model Design Compass by : JinHyo Joseph Yun

Download or read book Business Model Design Compass written by JinHyo Joseph Yun and published by Springer. This book was released on 2017-05-10 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reveals how open innovation utilizes the developing circle of business models to establish new ones that define a unique link between technology and markets, focusing on how to develop and maintain successful business models. It draws readers into the philosophy and economic effects of open innovation from the outset.It presents four different developing circle business models for customers in the role of consumers, entrepreneurs, social entrepreneurs and engineers respectively, enabling each group to develop, utilize and enlarge creative business models, and even switch business models.In addition to these four circles, it takes a systemic approach to describe the relationship between technology and markets. From this relationship an open innovation strategy towards entrepreneurship can be adopted. From Open Innovation to a Creative Developing-Circle Business Model is an essential resource for start-up entrepreneurs, as well as for students of technology management, strategy and open innovation.