Series editor(s): Ray Oakey, Aard Groen, Peter van der Sijde and Gary Cook
Subject Area: Enterprise and Innovation
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|Title:||Chapter 13 Implementing Open Innovation: Challenges in Linking Strategic and Operational Factors for Large Firms Working with HTSFs|
|Author(s):||Tim Minshall, Letizia Mortara, Johann Jakob Napp|
|Volume:||8 Editor(s): Ray Oakey, Aard Groen, Gary Cook, Peter Van Der Sijde ISBN: 978-0-85724-373-7 eISBN: 978-0-85724-374-4|
|Citation:||Tim Minshall, Letizia Mortara, Johann Jakob Napp (2010), Chapter 13 Implementing Open Innovation: Challenges in Linking Strategic and Operational Factors for Large Firms Working with HTSFs, in Ray Oakey, Aard Groen, Gary Cook, Peter Van Der Sijde (ed.) New Technology-Based Firms in the New Millennium (New Technology-Based Firms in the New Millenium, Volume 8), Emerald Group Publishing Limited, pp.189-210|
|DOI:||10.1108/S1876-0228(2010)0000008015 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Article type:||Chapter Item|
Innovation is an increasingly distributed process, involving networks of geographically dispersed players with a variety of possible, and dynamic, value chain configurations (Fraser, Minshall, & Probert, 2005). ‘Open innovation’ is one term that has emerged to describe ‘[…] the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively’ (Chesbrough, Vanhaverbeke, & West, 2006). This is contrasted with the ‘closed’ model of innovation where firms typically generate their own ideas which they then develop, produce, market, distribute and support.
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