Location via proxy:   [ UP ]  
[Report a bug]   [Manage cookies]                

Closed Versus Open Innovation: Evolution or Combination?: February 2014

Download as pdf or txt
Download as pdf or txt
You are on page 1of 9

See discussions, stats, and author profiles for this publication at: https://www.researchgate.

net/publication/272723301

Closed versus Open Innovation: Evolution or Combination?

Article · February 2014


DOI: 10.5539/ijbm.v9n3p196

CITATIONS READS

52 9,390

1 author:

João Paulo Coelho Marques


Instituto Politécnico de Coimbra
44 PUBLICATIONS   254 CITATIONS   

SEE PROFILE

Some of the authors of this publication are also working on these related projects:

mechanisms for accessing technology and innovation strategies View project

All content following this page was uploaded by João Paulo Coelho Marques on 06 May 2015.

The user has requested enhancement of the downloaded file.


International Journal of Business and Management; Vol. 9, No. 3; 2014
ISSN 1833-3850 E-ISSN 1833-8119
Published by Canadian Center of Science and Education

Closed versus Open Innovation: Evolution or Combination?


João P. C. Marques1,2
1
Polytechnic Institute of Coimbra, ISCAC, Quinta Agrícola–Bencanta, Portugal
2
Department of Economics, Management and Industrial Engineering, Research Unit on Governance,
Competitiveness, and Public Policies, University of Aveiro, Portugal
Correspondence: João P. C. Marques, ISCAC, Quinta Agrícola–Bencanta 3040–316 Coimbra, Portugal. Tel:
351-239-802-000. E-mail: jmarques@iscac.pt

Received: December 23, 2013 Accepted: Feburary 13, 2014 Online Published: February 21, 2014
doi:10.5539/ijbm.v9n3p196 URL: http://dx.doi.org/10.5539/ijbm.v9n3p196

Abstract
The concept of open innovation has attracted great interest from the academic and industrial sectors alike.
Despite the ongoing debate, we can see some lack of consistency of its principles. The purpose of this paper is to
set out a conceptual reflection on the foundations of innovation and its process and discuss new proposals from
the literature on open innovation. We question whether this concept is really a new model, or if it is nothing
more than a recent combination, sponsored by academics. We have examined Chesbrough’s six principles of
open innovation, showing how they are based on a false dichotomy that opposes necessarily closed innovation
to open innovation. We show how this new paradigm lacks conceptual clarity confusing innovation with
innovation process, resurrecting the linear view, and ignoring many earlier studies. We hope to contribute to the
discussion on innovation management and to enrich understanding for all concerned.
Keywords: innovation, innovation process, technology transfer, open innovation
1. Introduction
The ideas proposed by Chesbrough (2003a; 2003b; 2004) with respect to the concept of open innovation have
prompted considerable interest among academics and users. His dichotomous view of innovation, together with
a simplistic view of the processes of innovation has helped to spread the concept (Vanhaverbeck, Vrande &
Chesbrough, 2008). However, several issues have been raised recently in the literature (Trott & Hartmann, 2009,
p. 715) that depict this idea as a false question which at most means ‘old wine in new bottles’.
Despite these recent developments, the traditional theory of innovation and its concepts and evolutionary
perspectives of the innovation process (Rothwell & Zegveld, 1985; Kline & Rosenberg, 1986; Cumming, 1988;
Lundvall, 1992) show that the topic of open innovation is not yet a finished product.
This article sets out to provide a conceptual reflection of the notion of innovation and its process and to discuss
the new proposals raised in the literature in relation to the idea of open innovation. It also questions whether
open innovation is really a new model or whether it is a simplistic view, sponsored by academics and
researchers. It is hoped that this analysis and appraisal of the concept and process of open innovation will be
useful in the discussion on the management of innovation, and that it enriches the understanding of everyone
concerned.
The introduction is followed by a section that contains a conceptual review of the key notions on invention and
innovation, domains and scopes. Section 3 briefly looks at the main evolutionary milestones in the ‘process of
innovation’, from the hundred-year-old linear model to the chain interactions. The discussion on the dichotomy
built on the models of closed and open innovation is set out in section 4. Section 5 summarizes certain aspects
that seem to be still not resolved by open innovation, and the conclusions offer a final critical view and present
some points for further research.
2. The Concept of Innovation
Innovation advances through the innovative effort that is developed within society and the economy, with the
intervention of all kinds of agents. They may be public or private and include firms, the state, universities and
non profit institutions (Caraça, 1993; Lundvall, 1992).
For the purpose of this article, it would seem to be important to distinguish between the concepts of invention

196
www.ccsenet.org/ijbm International Journal of Business and Management Vol. 9, No. 3; 2014

and innovation. For ‘invention’ we take the understanding of Caraça (1993, p. 82), thus: ‘regardless of its
scientific or empirical origin, (...) it consists of an idea or scheme, of foreseeing the possibility of a new product,
process or system’. ‘Innovation’, meanwhile, is taken as ‘the first commercialization of a new product, process
or system–corresponding to the introduction on the market of the conversion (into a good or service) of such
innovation' (Caraça, 1993, p. 82-83). Hence the main difference between them is that ‘innovation’ is actually the
introduction on the market of a new product, process or system, whereas 'invention' is only its discovery and
creation.
In practice the notion of innovation is very broad and so various classifications have been developed and used in
the literature (Abernathy & Clark, 1985; Cumming, 1998; Johannessen, Olsen & Lumpkin, 2001). Most
researchers have focused on technology-related innovation such as the introduction of products that need radical
changes in the production process. The concept of innovation, however, can be seen as going beyond the radical
innovation of technology-based products (Figure 1). It can be regarded as something that brings improvements
to products and processes, changes to organizational structures and activities, to exploit new markets. This idea
is reflected in the thinking of Lundvall (1992, p. 8), who sees innovation as ‘... on-going processes of learning,
searching and exploring, which result in new products, new techniques, new forms of organization and new
markets’.

Product Innovation Process Innovation


(1) Good (1) Technology
(2) Service (2) Infrastructure
(3) Idea

Organizational Innovation MARKET INNOVATION


(1) Marketing (1) Developing new geographic areas
(2) Purchases and sales (2) Penetrating new market segments
(3) Administration
(4) Management
(5) Personnel policies

Figure 1. Domains of the concept of innovation


Source: based on Lundvall (1992).

Innovation is often the outcome of changes occurring simultaneously in different areas, where interrelation and
interdependence are prominent features (Caraça, Lundvalll & Mendonça, 2009).
Product innovation can take the form of a good, service or idea that someone sees as being new (Lundvall, 1992;
Caraça et al., 2009). One person or organization can thus consider a product as an innovation while another does
not (Johannessen et al., 2001). Product innovation can be stimulated by changes in a firm's organizational
structure. For example, when the quality of products is improved by a more efficient organization of internal
controls. Furthermore, new products can appear when new market segments are explored. For instance, new
market segments have been introduced in recent decades by industries in the information and communication
technology (ICT) sector, ranging from personal computers to GPS systems (Tidd Bessant & Pavitt, 1997).
Nonetheless, product innovation is essentially associated with change in processes.
Innovation in processes includes adapting existing production lines, installing completely new infrastructure,
and implementing new technologies. On the whole, process innovation leads to the creation of new products.

197
www.ccsenet.org/ijbm International Journal of Business and Management Vol. 9, No. 3; 2014

But process innovation may be necessary to a company’s reorganization or to explore new markets (Jenssen &
Aasheim, 2010).
Organizational innovation is about changes in relations of authority, in organizational structure, in job allocation,
in remuneration systems, in communication systems and in other aspects of formal interaction between the
people in the organization (Slappendel, 1996). Although only a few studies are available on organizational
innovation it has nonetheless been gaining importance in all industrial sectors. We can look at the success of
standard ISO 9000, for example, which establishes rules for making processes transparent, documenting them,
and ensuring they are reproducible and controlled (Tidd et al., 1997).
The last innovation domain concerns market innovation, which involves exploring new territorial markets and
penetrating new market segments within the current strategy. As an example, recent developments in the
biotechnology sector show that market innovation is strongly interlinked to product and organizational
innovation, and less strongly to process innovation (Khilji, Mroczkowski & Bernstein, 2006).
It is thus clear that the domains and dimensions of innovation are broad, and the notion is multifaceted. While
we can distinguish between invention and innovation, because the latter presumes that the new product, process
or system is made available to users, the four domains discussed are interwoven as a result of the dynamics of
inter- and intra-organizational learning. Innovation is thus ‘open’ by definition, and its four areas are a reflection
of its application in the economy and society as a whole.
3. The Innovation as a Process
This was widely studied in the last century. From Schumpeter (1934) until today, many researchers have tackled
the topic. Innovation is a key factor in the success of an industrial economy, in competitiveness, in corporate
survival, and it is even an essential tool in entrepreneurship (Drucker, 1989).
Kline & Rosenberg (1986) describe the developmental paths of the innovation process. At first innovation was
seen as a linear process instigated within firms, from a series of steps that would start with research, move on to
industrial development and continue to production with the innovation eventually being successfully placed on
the market. This model is closely linked to the notion of technology-push. It explained innovation particularly
well in the first half of the 20th century when there was strong industrial growth in an economy in which demand
exceeded supply and so innovations and technical changes were absorbed quite naturally.
The opening of the world economy was conspicuous in the ensuing decades. Changes in ICT, especially the
advances in the internet and telecommunications, globalization, competitiveness and the consequent rise in
supply to meet demand highlighted the outdated nature of the earlier linear model and brought the interactive
paradigm of innovation to the fore, called by Kline & Rosenberg (1986) the interactive model of the innovation
process. This view featured the market-pull perspective, emphasizing the interactivity of the innovation process
with the stress on exchange, sharing, interaction and feedback among the actors intervening inside and outside
the company, reflecting the opening up of innovation to knowledge bases and the market. Interaction with the
science and technology system would dominate the process of resolving technical problems, the search for
solutions and progress.
Caraça et al. (2009) recently foresaw new fronts in the opening up of science and R&D. The first was designated
a science and technology system, which had already been formulated. The second was an opening up of the
market through knowledge, information and advances in consumer knowledge, new human needs, opportunities
and advances, and the third was an opening up to knowledge within a firm, designated organizational opening
up to new management and organization methods, new processes and organizational forms. The evolutionary
dynamics, the constant change of the macro and micro environment produce effects on outputs in the form of
product, process, organization and market innovation.
These evolutionary aspects of the innovation process highlight the importance of knowledge/technology transfer
and the notion of absorptive capacity as being crucial to learning, expressed as a multiplicity of interactions in
the dynamics driving cooperation, exchange and sharing of knowledge/technology (Rothwell, 1992; Senker &
Faulkner, 1996). The linear view of innovation, which focused on science and had a strong tendency to be
“closed”, was thus progressively replaced by an “open”, interactive view based on the continuous learning of all
the actors involved.
4. Open Innovation View
Open innovation is an innovation management model as developed by Chesbrough (2003a; 2003b; 2004), which
assumes that innovation is based on firms’ need to combine their internal and external technological
developments to produce a successful innovation that creates added value for the firm. Chesbrough contrasts a

198
www.ccsenet.org/ijbm International Journal of Business and Management Vol. 9, No. 3; 2014

supposed closed innovation followed by some firms with an open innovation, which would be a desirable
achievement.
Chesbrough (2003a; 2003b) thus presents six principles of innovation, so-called ‘closed innovation’, countering
them with the principles of so-called “open innovation” (Figure 2).

Closed innovation Open innovation


1 – All the smart people work in our organization. 1 – Not all the smart people work in our organization.
2 – To profit from R&D we have to discover, 2 – External R&D can create value for our organization.
develop and supply everything ourselves. 3 – Internal R&D is needed to grasp that value.
3 – Only if we discover it will we manage to get it 4 – We have to be involved in basic research to benefit
to market first. from it, but the discovery does not have to be ours.
4 – If our organization is the first to commercialize 5 – If we make better use of external and internal ideas
an innovation, we will beat our rivals. and unify the knowledge created, we will win.
5 – If we create the most and best ideas in our 6 – We should optimize the results of our organization,
industry, we will win. combining the sale or licensing of our innovation with
6 – If we have full control over the innovation the purchase of external innovation processes whenever
process our rivals will not be able to profit from they are more efficient and economic.
our innovative ideas.
Figure 2. Principles of closed innovation and open innovation
Source: based on Chesbrough (2003a; 2003b).

According to the innovation definition and broad interpretation of innovation process mentioned in sections 2
and 3, the presentation and contrasting of these six principles seems to reduce the reality in a simplistic and
facile manner. For example, the first principle of the closed innovation model holds that all knowledge that
provided the basis for the development of R&D was produced internally by an organization. However, Allen &
Cowen (1969) had already identified the role of the ‘doorkeeper’ in organizations, which was to connect the
internal scientists and groups scientists outside the company. This concept was later reinforced by Tushman
(1977). Furthermore, the literature on innovation for many years stressed social interaction, which affords the
opportunity to exchange thoughts, ideas and opinions (Rothwell & Zegveld, 1985; Rothwell, 1991; Cohen &
Leventhal, 1989). All these studies seem to have been ignored in favour of the first principle of open innovation.
The second principle of closed innovation can be contrasted with the arguments that in the 1970s and 80s
technological partnerships increased at a very rapid rate. With the cost of R&D increasing all the time, no firm
could be competitive if it remained in technological isolation. So the forging of strategic alliances would often
have been the solution adopted so that companies could flourish. So cooperation and partnership between
companies does not seem to be anything new, since they have been part of corporate practice for a long time
(Grow & Nath, 1990; Rothwell, 1991; Tidd et al., 1997). In addition, the concept of open innovation appears to
disregard research on technology transfer and absorptive capacity (Dosi, 1982; Freeman, 1987), with particular
reference to the need to join forces, not only with respect to access to technology but in terms of R&D, too, so
that companies can benefit from technology developed outside the organization.
Balancing the third principle of closed innovation, Trott & Hartman (2009) mention two companies as examples,
Corning and Xerox. Corning is noted as having chosen to make strategic alliances based on technology, while
Xerox, despite having cutting-edge technology, did not do so. Recent changes made by companies in relation to
the management of technological resources and R&D are mentioned and they also specify the 3 important
factors identified by Rothwell & Zegveld (1985), which are: the technology explosion; the shortening of the
technology cycle, and the globalization of technology. The importance of technology-based companies acquiring
technology indicates a shift from the internal focus on R&D by transferring it to the outside, bearing in mind
that the technology base of a company is an asset that represents its real capacity in terms of human,
technological and financial resources (Rothwell, 1991). The economic potential of the benefits of owning
intellectual and industrial property is ignored, too, and of capitalizing intangible assets (Bainbridge, 1996).
The fourth principle does not seem to be a linear idea since examples are known of pioneering firms that have
been overtaken by followers. For instance, the internet browser, Mosaic (1993) was leapfrogged by Internet

199
www.ccsenet.org/ijbm International Journal of Business and Management Vol. 9, No. 3; 2014

Explorer, and the 1994 search engine Altavista was overtaken by Google in 2000 (Trott & Hartman, 2009). The
key point is that the firms recognize that success in innovation involves a great deal more than simply being the
first to get a product to market. It is worth noting that according to Freeman (1982) the 4 innovation strategies
adopted by technology-intensive firms are aggressive leadership, fastest follower (defensive), cost minimization
(imitation) and specialization in traditional segments. These describe the strategic postures possible for many
firms with respect to technological innovation, including external acquisition and licensing (Granstrand, Bohlin,
Oskarsson, & Sjoberg, 1992), demonstrating the huge financial benefits underlying the ownership of intellectual
property (Bainbridge, 1996).
The fifth principle takes us back to the old idea of the more R&D the better. This is only actually true if the
outcome of the R&D is subsequently applied to develop new products. Furthermore, the technology should
always be developed with the competitive market in which the company operates kept firmly in mind. R&D is
just one possible input that firms have for innovating, not the only one (Hoffman, Parejo, Bessant & Perren,
1998). At the moment R&D needs are managed in a manner that is fully integrated in the strategic management
of the business (Dussauge & Ramanantsoa, 1987; Grow & Nath, 1990; Barney, 2001).
The 6th principle was described by Trott & Hartman (2009) as an irrational principle because, for example, the
sale of patents or firms buying and selling each others’ licences has been an acceptable way of doing business.
This mutual interest in having licensing agreements between companies is a common denominator for them and
could entail excellent results for their business (Tidd et al., 1997).
The attempt to reduce the evolution of the concept of innovation and its process to a dichotomous paradigm
between “open innovation” versus “closed innovation” seems to be a vision that is both exaggerated and false,
equally in theory and in practice. At the theoretical level because it confuses the concept of ‘innovation
presented in section 2’ with that of ‘innovation process’ discussed in section 3, meaning a conceptual regression
to the ‘technology-push’ paradigm. At the practical level, because it reduces the fact of innovation to the
technological and industrial scope, disregarding the other innovation domains mentioned by Lundvall (1992)
discussed in section 2, and also because it forgets the specific difficulties of the small and micro businesses in
developing R&D and in gaining access to external knowledge networks (Rothwell, 1991; Tsai, 2005).
In addition, the diffusion of this dichotomy appears to be merely a psychological tactic that is useful and
stimulating to get open innovation to firms. For this dichotomy to be genuine, it could be suggested that some
managers may have adopted innovation strategies as a matter of ‘fashion’, offering little by way of criticism
with respect to the original concepts of the sundry domains of innovation and their contextualization and
focusing on marginal factors.
5. Problems not Resolved by Open Innovation
Despite the success of open innovation in the academic environment, in the sale of books and in the number of
companies that took it up, this innovation model is not held to be perfect. It seems to be a linear model par
excellence, consisting basically of a variation of the ‘stage-gate’ model (Cooper & Kleinschmidt, 1986),
characterized by a funnel with holes that would let ideas be exchanged throughout the process, while the flow
takes a forward linear course. This linearity is indicated as a conceptual failing (Trott & Hartman, 2009), with
the solution involving the integration of the principles of the interactive model of innovation and learning
proposed by Caraça et al. (2009), which states that innovation originates in a cyclical process of feedback from
learning, where there are neither fixed points of origin nor of obsolescence, and therefore distancing themselves
from the technology-push and market-pull models.
Another problem is the flight of knowledge. Open innovation view favours the sharing of information, but this
openness can lead to the flight of sensitive knowledge, both commercial and technological. The challenge
proposed is how to strike a balance between an exchange of knowledge that is enough to develop R&D and yet
remain in control of these flows (Trott & Hartman, 2009).
The third problem is related to the opening up to the flows of knowledge and learning with respect to the global
economy, which led firms like Procter & Gamble, and Philips to establish internal frontiers with limits on the
free flow of information between their departments (Hacievliyagil, Auger, Maisonneuve & Hartmann, 2008;
Meer, 2007). If this is confirmed, then obviously there is an incompatibility that the model does not explain.
The final problem concerns the strong influence of market and customers needs as sources of innovation in
global economy (Caraça et al, 2009). These are critical factors to product, process, organizational and market
innovation. Chesbrough view ignores this reality.

200
www.ccsenet.org/ijbm International Journal of Business and Management Vol. 9, No. 3; 2014

6. Conclusion
This article has tried to provide a critical review of open innovation, criticizing the adoption of this concept on
the basis that the research lacks the credit to justify the principles that gave rise to it. The model carries on with
the linear view of innovation based on ‘technology-push’, to the detriment of interactive rationales and learning
throughout the whole innovation process.
In the first place the lack of conceptual clarity is questioned. The introduction of the open innovation model
does not distinguish between the concepts of innovation and the process of innovation; it confuses the
introduction and commercialization of an innovation on the market with the process that brought it into
existence. As Caraça (1993) says, an innovation is only that if it is open, that is to say, if it ends up by being
commercialized. The process of innovation, however, can be closed or open, or semi-closed or semi-open,
depending on the strategy of the company. The view of innovation strongly based on R&D and the absolute
need to develop internal capacity to integrate external R&D is also open to criticism.
The readiness with which the concept has been embraced by companies is questioned, too. This acceptance
could perhaps be explained by the simplicity of the new model, the limitations of the supposed 'closed
innovation' model and the false myth that this latter one is still followed by a great many firms. It has further
been argued that the approach of this dichotomy gives the idea that opting for one of the two models
automatically excludes the other, in the belief that if something is wrong then the opposite must surely be right.
Such polarization does not allow something to be partly right and wrong at the same time.
Another issue examined is the adherence to the model by many reputable companies, as a matter of business
strategy (Hacievliyagil et al., 2008). They publicize the model making its implementation in a laboratory in real
life, subject to experiment and obtaining results which could lead to its improvement. Nonetheless, this
movement could fade away when the firms see that this is not the remedy to cure all ills and that R&D is only
one of the possible inputs in the process of innovation, but by no means the only one (Hoffman et al., 1998).
Faced with these facts, it is advisable to regard open innovation as a field of study still in development, subject
to large changes, and it should also be viewed with an open mind.
6.1 Directions for Further Research
More important than talking about open and closed innovation in the current context of globalization of market
innovation, is helping to understand the learning processes inside and outside companies, how they acquire
knowledge, how they organize their resources and capabilities to sustain the business strategy. A careful look at
the interactive model of innovation and learning proposed by Caraça et al. (2009), can contribute to a better
integration of the multitude of factors that influence the innovation process in the modern global economy.
References
Abernathy, J., & Clark, K. (1985). Mapping the winds of change. Research Policy, 3, 3–22.
http://dx.doi.org/10.1016/0048-7333(85)90021-6
Allen, T. J., & Cohen, W. (1969). Information flow in research and development laboratories. Administrative
Science Quarterly, 14(1), 12–19. http://dx.doi.org/10.2307/2391357
Bainbridge, D. I. (1996). Intellectual Property. Financial Times (3rd ed.). London: Bitman Publishing.
Barney, J. B. (2001). Is the resource based view a useful perspective for strategic management research?
Academy of Management Review, 26(1), 41–56. http://dx.doi.org/10.5465/amr.2001.4011938
Caraça, J. M. G. (1993). Do Saber ao Fazer: Porquê organizar a Ciência? Lisbon: Gradiva.
Caraça, J. M. G., Lundvall, B. A., & Mendonça, S. (2009). The changing role of science in the innovation
process: from Queen to Cinderella? Technological Forecasting and Social Change, 76(6), 861–867.
http://dx.doi.org/10.1016/j.techfore.2008.08.003
Chesbrough, H. (2003a). Open Innovation: The new imperative for creating and profiting from technology.
Boston, MA: Harvard Business School Press.
Chesbrough, H. (2003b). The era of open innovation. MIT Sloan Management Review, 44(3), 35–41.
Chesbrough, H. (2004). Managing open innovation. Research-Technology Management, 47(1), 23–26.
Cohen, W., & Levinthal, D. (1989). Innovation and Learning: The two faces of R&D. The Economic Journal, 99,
569–596. http://dx.doi.org/10.2307/2233763
Cooper, R. G., & Kleinschmidt, E. J. (1986). An investigation into the new product process: steps and

201
www.ccsenet.org/ijbm International Journal of Business and Management Vol. 9, No. 3; 2014

deficiencies and impact. Journal of Product Innovation Management, 3, 71–85.


http://dx.doi.org/10.1111/1540-5885.320071
Cumming, B. S. (1998). Innovation overview and future challenges. European Journal of Innovation
Management, 1(1), 21–9. http://dx.doi.org/10.1108/14601069810368485
Dosi, G. (1982). Technical Paradigms and Technological Trajectories - A suggested interpretation of the
determinants and directions of technical change. Research Policy, 11(3), 147–162.
http://dx.doi.org/10.1016/0048-7333(82)90016-6
Drucker, P. (1989). Inovação e Gestão (3rd ed.). Lisbon: Presença.
Dussauge, P., & Ramanantsoa, B. (1987). Technologie et stratégie d’entreprise. Paris: McGraw-Hill.
Freeman, C. (1982). The Economics of Industrial Innovation (2nd ed.). London: Frances Pinter.
Freeman, C. (1987). Technology Policy and Economic Performance: Lessons from Japan. London: Pinter
Publishers.
Granstrand, O., Bohlin, C., Oskarsson, C., & Sjoberg, N. (1992). External technology acquisition in large
multi-technology corporations. R&D Management, 22(2), 111–133.
http://dx.doi.org/10.1111/j.1467-9310.1992.tb00801.x
Grow, M., & Nath, S. (1990). Technology strategy development in Japanese industry: an assessment of market
and government influences. Technovation, 10(5), 333–346.
http://dx.doi.org/10.1016/0166-4972(90)90017-e
Hacievliyagil, N. K., Auger, J. F., Maisonneuve, Y., & Hartmann, A. (2008). The position of virtual knowledge
brokers in the core process of open innovation. International Journal of Knowledge, Technology and
Society, 3(5), 47–60.
Hoffman, K., Parejo, M., Bessant, J., & Perren, L. (1998). Small firms, R&D, technology and innovation in the
UK: a literature review. Technovation, 16, 19–35. http://dx.doi.org/10.1016/s0166-4972(97)00102-8
Jenssen, J., & Aasheim, K. (2010). Organizational innovation promoters and performance effects in small,
knowledge-intensive firms. Entrepreneurship and Innovation Management, 11(1), 19–27.
http://dx.doi.org/10.5367/000000010790772476
Johannessen, J. A., Olsen, B., & Lumpkin, G. (2001). Innovation as newness: what is new, how new and new to
whom? European Journal of Innovation Management, 4(1), 20–31.
http://dx.doi.org/10.1108/14601060110365547
Khilji, S., Mroczkowski, T., & Bernstein, B. (2006). From Invention to Innovation: Toward Developing an
Integrated Innovation Model for Biotech Firms. The Journal of Product Innovation Management, 23,
528–540. http://dx.doi.org/10.1111/j.1540-5885.2006.00222.x
Kline, S. J., & Rosenberg, N. (1986). An Overview of Innovation. In National Academy of Engineering (Eds.),
The Positive Sum Strategy: Harnessing Technology for Economic Growth (pp. 275–305). Washington, DC:
The National Academy Press.
Lundvall, B. A. (1992). National Systems of Innovation: Towards a theory of Innovation and Interactive
Learning. London: Frances Pinter.
Meer, H. (2007). Open Innovation–The Dutch treat: Challenges in Thinking in Business Models. Creativity and
Innovation Management, 16, 192–202. http://dx.doi.org/10.1111/j.1467-8691.2007.00433.x
Rothwell, R., & Zegveld. (1985). Reindustrialisation and Technology. London: Longman.
Rothwell, R. (1991). External networking and innovation in small and medium-sized manufacturing firms in
Europe. Technovation, 11(2), 93–112. http://dx.doi.org/10.1016/0166-4972(91)90040-b
Rothwell, R. (1992). Sucessful industrial innovation: critical factors for the 1990’s. R&D Management, 22(3),
221–239. http://dx.doi.org/10.1111/j.1467-9310.1992.tb00812.x
Schumpeter, J. (1934). The Theory of Economic Development. Cambridge, MA: Harvard Economic Studies.
Senker, J., & Faulkner, W. (1996). Networks, tacit knowledge and innovation. In Coombs, R., Richards, A.,
Saviotti, P., Walsh, V., & Elgar, E. (Eds.), Technological Collaboration: The dynamics of cooperation in
Industrial Innovation (pp. 76–97). Cheltenham: Edward Elgar Publishing Ltd.
Slappendel, C. (1996). Perspectives on innovation in organizations. Organization Studies, 17(1), 107–129.

202
www.ccsenet.org/ijbm International Journal of Business and Management Vol. 9, No. 3; 2014

http://dx.doi.org/10.1177/017084069601700105
Tsai, K. H. (2005). R&D productivity and firm size: a nonlinear examination. Technovation, 25, 795–803.
http://dx.doi.org/10.1016/j.technovation.2003.12.004
Tidd, J., Bessant, J., & Pavitt, K. (1997). Managing innovation: integration technological, market and
organizational change. Manchester: John Wiley and Sons.
Trott, P., & Hartmann, W. (2009). Why open innovation is old wine in new bottles. International Journal of
Innovation Management, 13(4), 715–736. http://dx.doi.org/10.1142/s1363919609002509
Tushman, M. L. (1977). Technical communication in R&D laboratories: The impact of project work
characteristics. Academy of Management Journal, 20, 624–645. http://dx.doi.org/10.2307/255704
Vanhaverbeck, W., Van De Vrande, V., & Chesbrough, H. (2008). Understanding the Advantages of Open
Innovation Practices in Corporate Venturing in Terms of Real Options. Creativity and Innovation
Management, 17, 251–258. http://dx.doi.org/10.1111/j.1467-8691.2008.00499.x

Copyrights
Copyright for this article is retained by the author(s), with first publication rights granted to the journal.
This is an open-access article distributed under the terms and conditions of the Creative Commons Attribution
license (http://creativecommons.org/licenses/by/3.0/).

203

View publication stats

You might also like