Top

Published in:

2017 | OriginalPaper | Chapter

3. When Business Model Meets Open Innovation

Author : Howard H. Yu

Published in: Strategy and Communication for Innovation

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config

AI-assisted search

Off

Abstract

This chapter will first examine why open innovation is increasingly common. Rather than a mere spread of management know-how across the field, I argue that it is the increasing connectivity that results in plummeting transaction cost, which in turn, has driven the widespread adoption. I will then examine what principles an organization must adhere when building the collaboration platform for open innovation before reaping maximum payoff. The analysis leads to testable propositions for future researches.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

über 102.000 Bücher
über 537 Zeitschriften

aus folgenden Fachgebieten:

Automobil + Motoren
Bauwesen + Immobilien
Business IT + Informatik
Elektrotechnik + Elektronik
Energie + Nachhaltigkeit
Finance + Banking
Management + Führung
Marketing + Vertrieb
Maschinenbau + Werkstoffe
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

über 67.000 Bücher
über 340 Zeitschriften

aus folgenden Fachgebieten:

Bauwesen + Immobilien
Business IT + Informatik
Finance + Banking
Management + Führung
Marketing + Vertrieb
Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

inform now

previous chapter Setting the Stage for Creativity: Upstream, Mid-stream, and Downstream

next chapter Classic Root Causes of Innovation Failures—Things We All Know but Sometimes Forget

API are interfaces that allow other computer programs to make requests for services or exchange data.

For more details, please refer to Duhigg (2012) for a succinct explanation of the series of fascinating experiments conducted by Professor Mark Muraven at the University of Albany.

http://www.youtube.com/watch?v=4E5T94ThevE.

Alexy, O., Criscuolo, P., Salter, A.: Does IP strategy have to cripple open innovation. MIT Sloan Manage. Rev. 51(1) (2009)

Barboza, D.: In China, an empire built by Aping Apple. New York Times (2013)

Boudreau, K., Lakhani, K.: How to manage outside innovation. MIT Sloan Manage. Rev. (Magazine: Summer 2009 Research Feature) (2009)

Boudreau, K., Lakhani, K.: Using the crowd as an innovation partner. Harvard Bus. Rev. 91(4) (2013)

Chesbrough, H.: Open innovation: a new paradigm for understanding industrial innovation. In: Chesbrough, H., Vanhaverbeke, W., West, J. (eds.), Open Innovation: Researching a New Paradigm, pp. 1–14. Oxford University Press, Oxford (2006)

Chandler, A.: The visible hand Cambridge. Massachusetts (1977)

Coase, R.H.: The nature of the firm. Economica 4(16), 386–405 (1937)

Duhigg, C.: The Power of Habit: Why We Do What We Do in Life and Business. Random House, New York (2012)

Guinan, E., Boudreau, K., Lakhani, K.: Experiments in open innovation at Harvard medical school. MIT Sloan Manage. Rev. 54(3), 45–52 (2013)

Henkel, J., Balwin, C., Shih, W.: IP modularity: profiting from innovation by aligning prodcut architecture with intellectual property. Calif. Manage. Rev. 55(4) (2013)

Heimans, K., Timms, H.: Understanding new power. Harvard Bus. Rev. (2014)

Huston, L., Sakkab, N.: Connect and develop: inside procter & gamble’s new model for innovation. Harvard Bus. Rev. 84(3), 68–76 (2006)

Kan, M.: China’s Xiaomi takes crowdsourced phone development model abroad. Netw. World (2013)

Kanter, M.: The middle manager as innovator. Harvard Bus. Rev. 82(7–8), 150 (2004)

King, A., Lakhani, K.: Using open innovation to identify the best ideas. MIT Sloan Manage. Rev. 44(1) (2013)

Kohler, T.: Crowdsourcing-based business models: how to create and capture value, Calif. Manage. Rev. 57(4) (2015)

Lakhani, K.R., Lifshitz-Assaf, H., Tushman, M.: Open innovation and organizational boundaries: task decomposition, knowledge distribution and the locus of innovation (Chap. 19). In: Grandori, A. (ed.) Handbook of Economic Organization: Integrating Economic and Organization Theory, pp. 355–382. Edward Elgar Publishing, Northampton (2013)

Lei Jun Challenges Idol Steve Jobs and Sells Mobiles at Forty Years Old. Chinatimes (2011)

Lichtenthaler, U., Hoegl, M., Muethel, M.: Is your company ready for open innovation? MIT Sloan Manage. Rev. 53(1) (2011)

Majchrzak, A., Malhotra, A.: Towards an information systems perspective and research agenda on crowdsourcing for innovation. J. Strateg. Inf. Syst. 22(4), 257–268 (2013)CrossRef

Majchrzak, A., Malhotra, A.: Managing crowds in innovation challenges. Calif. Manage. Rev. 56(4) (2014)

McGahan, A.: Unlocking the big promise of big data. Rotman Manage. Mag. (2013)

Rifkin, J.: The zero marginal cost society: the internet of things, the collaborative commons, and the eclipse of capitalism. Macmillan (2014)

Robson, K., Plangger, K., Kietzmann, J.H., McCarthy, I., Pitt, L.: Game on: engaging customers and employees through gamification. Bus. Horiz. 59(1), 29–36 (2016)CrossRef

von Hippel, E.: The Sources of Innovation. Oxford University Press, New York (1988)

West, J., Borgers, M.: Leveraging external sources of innovation: a review of research on open innovation. J. Prod. Innov. Manage. 31(4), 814–831 (2014)CrossRef

Williamson, O.E.: The economics of organization: the transaction cost approach. A. J. sociol. 548–577 (1981)

Whelan E., Parise S., de Valk J., Aalbers, R.: Creating employee networks that deliver open innovation. MIT Sloan Manage. Rev. 53 (2011)

Zeitlyn, D.: Gift economies in the development of open source software. Res. Policy 32(7), 1287–1292 (2003)CrossRef

Title: When Business Model Meets Open Innovation
Author: Howard H. Yu
Publisher: Springer International Publishing
Book: Strategy and Communication for Innovation
Print ISBN: 978-3-319-49540-8

Electronic ISBN: 978-3-319-49542-2

Copyright Year: 2017
DOI: https://doi.org/10.1007/978-3-319-49542-2_3