The importance of connecting open innovation to strategy

Wim Vanhaverbeke; A.H.W.M. Roijakkers; Annika Lorenz; Henry Chesbrough

doi:10.1007/978-3-319-49542-2_1

The importance of connecting open innovation to strategy

Wim Vanhaverbeke
, A.H.W.M. Roijakkers^*
, Annika Lorenz
, Henry Chesbrough

^*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

Abstract

Companies that are experienced in open innovation integrate open innovation activities as part of their strategy. By contrast, open innovation research has not been adequately integrated into the strategy literature and vice versa. In this chapter, we discuss a number of existing strategy fields that offer inroads to connect open innovation to strategy. The need to connect open innovation to strategy is illustrated by describing how companies increasingly organize new business development projects through open innovation ecosystems where an increasing variety of partners do not only act as sources of innovative knowledge but also provide input to a joint strategizing process.

Original language	English
Title of host publication	Strategy and Communication for Innovation
Subtitle of host publication	Integrative Perspectives on Innovation in the Digital Economy
Editors	Nicole Pfeffermann, Julie Gould
Publisher	Springer
Pages	3-15
Number of pages	13
Edition	3
ISBN (Electronic)	978-3-319-49542-2
ISBN (Print)	978-3-319-49540-8, 978-3-319-84184-7
DOIs	https://doi.org/10.1007/978-3-319-49542-2_1
Publication status	Published - 8 Mar 2017

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The importance of connecting open innovation to strategy. / Vanhaverbeke, Wim; Roijakkers, A.H.W.M.; Lorenz, Annika et al.
Strategy and Communication for Innovation: Integrative Perspectives on Innovation in the Digital Economy. ed. / Nicole Pfeffermann; Julie Gould. 3. ed. Springer, 2017. p. 3-15.

Research output: Chapter in Book/Report/Conference proceeding › Chapter › Academic › peer-review

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AU - Chesbrough , Henry

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AB - Companies that are experienced in open innovation integrate open innovation activities as part of their strategy. By contrast, open innovation research has not been adequately integrated into the strategy literature and vice versa. In this chapter, we discuss a number of existing strategy fields that offer inroads to connect open innovation to strategy. The need to connect open innovation to strategy is illustrated by describing how companies increasingly organize new business development projects through open innovation ecosystems where an increasing variety of partners do not only act as sources of innovative knowledge but also provide input to a joint strategizing process.

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The importance of connecting open innovation to strategy

Abstract

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