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Open innovation strategy: a systematic literature review

Author

Listed:
  • Tiago Sá
  • João J.M. Ferreira
  • Shital Jayantilal

Abstract

Purpose - In a context each day more global, a new paradigm has emerged – open innovation (OI) – which may be understood as an innovation strategy in which organizations use internal and external knowledge to leverage their business value, thus maintaining a sustainable competitive advantage. This article aims to contribute to understanding this phenomenon, suggesting an integrated vision of OI strategies. Design/methodology/approach - This paper systematically reviews and analyzes a sample of 66 articles from Scopus and Web of Science databases related to open innovation strategies. Findings - The results obtained enabled us to group the existing literature into six different clusters: (1) Performance; (2) Open business model; (3) Intellectual Property; (4) Knowledge Management; (5) Innovation; and (6) Culture. Furthermore, this study identifies the major research gaps and provides suggestions for future research. Originality/value - The paper presents the main elements that interfere and interact in the innovation strategy providing a conceptual model that can be useful in understanding the phenomenon of open innovation.

Suggested Citation

  • Tiago Sá & João J.M. Ferreira & Shital Jayantilal, 2023. "Open innovation strategy: a systematic literature review," European Journal of Innovation Management, Emerald Group Publishing Limited, vol. 28(2), pages 454-510, August.
    • Handle: RePEc:eme:ejimpp:ejim-11-2022-0638
    DOI: 10.1108/EJIM-11-2022-0638
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    Cited by:

    1. Minkyu Song & Boyoung Kim, 2024. "An Analysis of Critical Factors Affecting the Success of Open Innovation Strategies in High-Tech Firms: The Case of South Korea," Administrative Sciences, MDPI, vol. 14(11), pages 1-26, October.

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