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Book cover: New Technology-Based Firms in the New Millenium

New Technology-Based Firms in the New Millenium

ISSN: 1876-0228
Series editor(s): Ray Oakey, Aard Groen, Peter van der Sijde and Gary Cook

Subject Area: Enterprise and Innovation

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Chapter 13 Implementing Open Innovation: Challenges in Linking Strategic and Operational Factors for Large Firms Working with HTSFs


Document Information:
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
Extract:

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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