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Benefiting From Markets For Ideas — An Investigation Across Different Typologies

Author

Listed:
  • A. C. GARAVELLI

    (DMMM, Politecnico di Bari, Viale Japigia 182/B, 70126 Bari, Italy)

  • A. MESSENI PETRUZZELLI

    (DMMM, Politecnico di Bari, Viale Japigia 182/B, 70126 Bari, Italy)

  • A. NATALICCHIO

    (DMMM, Politecnico di Bari, Viale Japigia 182/B, 70126 Bari, Italy)

  • W. VANHAVERBEKE

    (Faculty of Business Economics, Hasselt University, Agoralaan-Building D, BE 3590 Diepenbeek, Belgium;
    Department of Information System Management, ESADE Business School, Av. Pedralbes, 60-62 Barcelona, 08034, Spain;
    Faculty of Engineering, Division of Engineering and Technology Management, National University of Singapore, 10 Lower Kent Ridge Road Singapore, 119077, Singapore)

Abstract

Acquiring and selling knowledge through markets for ideas (MFIs) is a growing trend for organisations embracing the open innovation paradigm. However, the literature has showed that more in-depth studies about how MFIs can be increasingly beneficial for both seekers and owners are needed. Thus, the present study aims at filling this gap by investigating the main characteristics of successful markets through the application of a multiple case studies methodology. Adopting two differentiation dimensions, as closed versus open and internal versus external, four distinct typologies of MFIs were identified and analysed. Accordingly, seven propositions regarding different characteristics of knowledge owners, knowledge seekers, and ideas were posed. The propositions are also referred to the different typologies of MFIs, thus highlighting similarities and differences across the markets. Hence, this work offers a deepening of the understanding of MFIs, by providing implications both to increase the theoretical comprehension of the topic and promote the definition of suggestions and guidelines for seekers and owners.

Suggested Citation

  • A. C. Garavelli & A. Messeni Petruzzelli & A. Natalicchio & W. Vanhaverbeke, 2013. "Benefiting From Markets For Ideas — An Investigation Across Different Typologies," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 17(06), pages 1-37.
    • Handle: RePEc:wsi:ijimxx:v:17:y:2013:i:06:n:s1363919613400173
    DOI: 10.1142/S1363919613400173
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    References listed on IDEAS

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    1. K, S Chalapati Rao & Dhar, Biswajit, 2011. "India's FDI Inflows: Trends and Concepts," MPRA Paper 29153, University Library of Munich, Germany.
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    Cited by:

    1. Hossain, Mokter, 2018. "Motivations, challenges, and opportunities of successful solvers on an innovation intermediary platform," Technological Forecasting and Social Change, Elsevier, vol. 128(C), pages 67-73.
    2. Moghaddam, Ehsan Noorzad & Aliahmadi, Alireza & Bagherzadeh, Mehdi & Markovic, Stefan & Micevski, Milena & Saghafi, Fatemeh, 2023. "Let me choose what I want: The influence of incentive choice flexibility on the quality of crowdsourcing solutions to innovation problems," Technovation, Elsevier, vol. 120(C).
    3. Orelj, Ana & Torfason, Magnus Thor, 2022. "They didn't ask: Online innovation communities as a latent dynamic capability," Technological Forecasting and Social Change, Elsevier, vol. 180(C).

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