The relation between ecosystem types and the timing of open innovation strategies

a theoretical review

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

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Abstract

This chapter examines the effectiveness of ecosystem types (e.g. knowledge, business, and innovation, entrepreneurial and service ecosystems) in reaching short-term and long-term innovation objectives. This theoretical research is an explorative study that enables initial research on the relation between different ecosystem types, strategic objectives and time horizons. Different ecosystem types are positioned in the McKinsey 3-horizon framework to shed light on their different focuses regarding time and strategies. The research is based on a literature review in various strands of literature. The findings shed light on the importance for firms to combine different ecosystem types to be better capable to accomplish short-term and long-term innovation objectives and to manage their innovation portfolio. It is discussed that it is crucial for companies to be aware of the differences of ecosystem types in order for them to create an optimal portfolio of ecosystem participations that will enable them to take part in the joint generation of both current and future innovative opportunities. Our findings have important implications for future studies of ecosystem concept definition, ecosystem structures, ecosystem characteristics, ecosystem strategies, cultural perspectives and empirical research.
Original languageEnglish
Title of host publicationTime Issues in Strategy and Organization
EditorsT. K. Das
Place of PublicationNew York
PublisherInformation Age Publishing Inc.
Publication statusAccepted/In press - 20 Aug 2018

Publication series

NameResearch in Strategy Sciences
PublisherInformation Age Publishing

Fingerprint

Open innovation
Ecosystem
Innovation strategy
Innovation
Participation
Ecosystem services
Empirical research
Strategic objectives
Time horizon
Literature review
Optimal portfolio
Knowledge types
Business knowledge

Keywords

  • open innovation
  • ecosystem
  • strategy

Cite this

Roijakkers, A. H. W. M., & Cobben, D. Y. P. (Accepted/In press). The relation between ecosystem types and the timing of open innovation strategies: a theoretical review. In T. K. Das (Ed.), Time Issues in Strategy and Organization (Research in Strategy Sciences). New York: Information Age Publishing Inc..
Roijakkers, A.H.W.M. ; Cobben, D.Y.P. / The relation between ecosystem types and the timing of open innovation strategies : a theoretical review. Time Issues in Strategy and Organization. editor / T. K. Das. New York : Information Age Publishing Inc., 2018. (Research in Strategy Sciences).
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Roijakkers, AHWM & Cobben, DYP 2018, The relation between ecosystem types and the timing of open innovation strategies: a theoretical review. in TK Das (ed.), Time Issues in Strategy and Organization. Research in Strategy Sciences, Information Age Publishing Inc., New York.

The relation between ecosystem types and the timing of open innovation strategies : a theoretical review. / Roijakkers, A.H.W.M.; Cobben, D.Y.P.

Time Issues in Strategy and Organization. ed. / T. K. Das. New York : Information Age Publishing Inc., 2018. (Research in Strategy Sciences).

Research output: Chapter in Book/Report/Conference proceedingChapterAcademicpeer-review

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AB - This chapter examines the effectiveness of ecosystem types (e.g. knowledge, business, and innovation, entrepreneurial and service ecosystems) in reaching short-term and long-term innovation objectives. This theoretical research is an explorative study that enables initial research on the relation between different ecosystem types, strategic objectives and time horizons. Different ecosystem types are positioned in the McKinsey 3-horizon framework to shed light on their different focuses regarding time and strategies. The research is based on a literature review in various strands of literature. The findings shed light on the importance for firms to combine different ecosystem types to be better capable to accomplish short-term and long-term innovation objectives and to manage their innovation portfolio. It is discussed that it is crucial for companies to be aware of the differences of ecosystem types in order for them to create an optimal portfolio of ecosystem participations that will enable them to take part in the joint generation of both current and future innovative opportunities. Our findings have important implications for future studies of ecosystem concept definition, ecosystem structures, ecosystem characteristics, ecosystem strategies, cultural perspectives and empirical research.

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KW - ecosystem

KW - strategy

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Roijakkers AHWM, Cobben DYP. The relation between ecosystem types and the timing of open innovation strategies: a theoretical review. In Das TK, editor, Time Issues in Strategy and Organization. New York: Information Age Publishing Inc. 2018. (Research in Strategy Sciences).