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Localized Knowledge Flows and Asymmetric Motivations in Open Innovation

Author

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  • Joel West

Abstract

Open innovation is a paradigm that focuses on the benefits of inbound and outbound knowledge flows to improve the success of an organization?s innovation efforts. Since its introduction early in this century, the concept of open innovation has evolved and matured considerably through thousands of subsequent publications. This has included refinement of the open innovation theory across different contexts and levels of analysis, as well as better evidence regarding the costs and benefits of open innovation strategies. Researchers have also continued to build upon and integrate with other theories, including business models, platforms, organizational innovation and the theory of the firm. Here I suggest two under-researched areas of open innovation. One is the tension in open innovation collaborations when one party has pecuniary motives and the other does not. The second is how a better understanding of the geographic localization of knowledge flows impacts the process of open innovation. JEL Codes: O36, O30, O31, R11

Suggested Citation

  • Joel West, 2020. "Localized Knowledge Flows and Asymmetric Motivations in Open Innovation," Journal of Innovation Economics, De Boeck Université, vol. 0(2), pages 181-196.
    • Handle: RePEc:cai:jiedbu:jie_032_0181
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    Cited by:

    1. Shaikh, Ibrahim & Randhawa, Krithika, 2022. "Managing the risks and motivations of technology managers in open innovation: Bringing stakeholder-centric corporate governance into focus," Technovation, Elsevier, vol. 114(C).

    More about this item

    Keywords

    Open Innovation; Motivation; Location; Knowledge Spillovers; Regional Clusters;
    All these keywords.

    JEL classification:

    • O36 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Open Innovation
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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