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Exploring Open Search Strategies And Their Perceived Impact On Innovation Performance—Empirical Evidence

Author

Listed:
  • KAISA HENTTONEN

    (Lappeenranta University of Technology, School of Business, P.O. Box 20, FI-53851 Lappeenranta, Finland)

  • PAAVO RITALA

    (Lappeenranta University of Technology, School of Business, P.O. Box 20, FI-53851 Lappeenranta, Finland)

  • TIINA JAUHIAINEN

    (Lappeenranta University of Technology, School of Business, P.O. Box 20, FI-53851 Lappeenranta, Finland)

Abstract

Given Chesbrough's idea of open innovation, it could be said that external knowledge is an important element in the optimisation of in-house innovation. External knowledge is distributed among various actors and is accessible through many channels. However, we still do not know much about the search strategies that affect innovation performance. Our study therefore explores the relationship between open knowledge search strategies and company-level innovative performance. This study examines the open search strategies of 193 firms on the basis of cross-sectional data from Finnish markets. We identified four specific strategies, namely (1) market-driven, (2) science-driven, (3) intermediary-driven and (4) generic-knowledge-driven. According to the results, all except intermediary-driven strategies positively affect innovation performance.

Suggested Citation

  • Kaisa Henttonen & Paavo Ritala & Tiina Jauhiainen, 2011. "Exploring Open Search Strategies And Their Perceived Impact On Innovation Performance—Empirical Evidence," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 525-541.
    • Handle: RePEc:wsi:ijimxx:v:15:y:2011:i:03:n:s1363919611003428
    DOI: 10.1142/S1363919611003428
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    References listed on IDEAS

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    1. Knut Blind, 2004. "The Economics of Standards," Books, Edward Elgar Publishing, number 3392.
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    Cited by:

    1. Livio Cricelli & Marco Greco & Michele Grimaldi, 2016. "Assessing The Open Innovation Trends By Means Of The Eurostat Community Innovation Survey," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(03), pages 1-30, April.
    2. Ritala, Paavo & Huizingh, Eelko & Almpanopoulou, Argyro & Wijbenga, Paul, 2017. "Tensions in R&D networks: Implications for knowledge search and integration," Technological Forecasting and Social Change, Elsevier, vol. 120(C), pages 311-322.
    3. Martin Backfisch, 2014. "Search Balance and Product and Process Innovations," MAGKS Papers on Economics 201461, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    4. Greco, Marco & Locatelli, Giorgio & Lisi, Stefano, 2017. "Open innovation in the power & energy sector: Bringing together government policies, companies’ interests, and academic essence," Energy Policy, Elsevier, vol. 104(C), pages 316-324.

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