The Relevance of Different Open Innovation Strategies for R&D Performers = Relevancia de distintas estrategias "Open Innovation" para las empresas que hacen I+D Articles uri icon

publication date

  • December 2010

start page

  • 93

end page

  • 114

issue

  • 45

volume

  • 13

international standard serial number (ISSN)

  • 1138-5758

abstract

  • The Open Innovation (OI) paradigm has emphasized the role of external knowledge in aiding internal R&D efforts. While most research based on this model has focused on high-tech sectors, this paper attempts to
    extend it to more mature industries. The study also analyzes a wide
    range of OI strategies and their relationships with different innovation
    outcomes. The empirical results, based on a large sample of Spanish
    manufacturing firms, show that OI strategies are highly effective tools
    for making internal R&D efforts more successful, both in high- and
    low-tech sectors. In addition, the study finds evidence that marketbased
    strategies are positively correlated to achieving process innovations,
    while partnering strategies have a similar relationship with product
    innovations. More formalized OI strategies, such as joint ventures, show
    positive relations with the achievement of patent results.