Open Innovation Process and Firms Obsorptive
Journal Title: Roshd-e-Fanavari - Year 2012, Vol 8, Issue 31
Abstract
"Open innovation and absorptive capacity are two popular concepts in contemporary innovation management literature. firms' absorptive capacity, as it has been defined by Cohen and Levinthal (1990), determines their ability to in-source externally developed technology or ideas. In this paper, we tie these two concepts to each other and prove how the recent insights about open innovation can advance our understanding of absorptive capacity. External technology sourcing is becoming more important for a number of reasons: Shortening technology life cycles, emerging technologies with the potential to disrupt market leaders' positions, sharing costs and risks associated with science based technology, globalization of the R&D activities as a response of companies to the greater dissemination of knowledge throughout the world, the growing importance of seed and venture capital to finance excellent business ideas, etc... These inter-organizational knowledge flows do not materialize automatically and firms have to develop skills to tap into external sources of technology. Furthermore, absorptive capacity is crucial in explaining why some companies are better than others in creating and capturing value from in-sourcing externally developed technology and technological collaboration with innovation partners. Hence, absorptive capacity and the outside-in dimension of open innovation are necessarily linked to each other. The purpose of this paper is to analyze how absorptive capacity and the outside-in dimension of open innovation can be linked to each other. We focus on the question how complementary between internal and external technology plays a role in open innovation and absorptive capacity of innovating firms. This paper discuss about open innovation around two key factors (humanity & organizational) and relate it to absorptive capacity .Then analyses conceptual model with SWOT."
Authors and Affiliations
GHazaleh Javid, Jafar Bagheri Nejad
Keywords
Related Articles
- EP ID EP176099
- DOI -
- Views 100
- Downloads 0
Ranking Knowledge Based Companies in Incubators by EFQM Indicators
"today performance evaluation is counted as one of the important and major process in organizations. Companies allocate some resources annually for this work. Performance evaluation in strategic planning process plays a...
Designing a Conceptual Model of Entrepreneurial Competencies of Entrepreneurial Universities’ Graduates
Nowadays, entrepreneurship and the related issues receive special attention in higher education. It is expected that after few years of study at university, the graduates have significant difference with people with no a...
Reviewing Challenges of New Product Development Process in Small-Medium Enterprises Case study:Select Food and Drink Industries of Fars province
"Success in new product development (NPD) projects is a crucial challenge for the past and present managers. Actually researchers have still problems finding the reason for the high rate of failure in such projects. Fail...
Approaches for Technology Assessment and Selection for Developing Countries- A ToT Model
"Transfer of technology plays a pivotal role in the industrialization of developing countries. The challenge faced by these countries is the non-avail of Transfer of Technology (ToT) model that can depict the technology...
A Model To Organizational Innovation Typology
"Competition and growth have made organizations to be always looking for competition advantages and the most common way to gain that is innovation. Now the main question is what can be the most important innovation in or...