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How Open Do Mncs Need To Be To Extract Value In Open Innovation?

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  • CHRISTOPHER WILLIAMS

    (NEOMA Business School, 59, rue Pierre Taittinger-BP 302, 51061 REIMS Cedex, France)

  • JAAP VOSSEN

    (Amsterdam Business School, Universiteit van Amsterdam, Plantage Muidergracht 12, 1018 TV Amsterdam, The Netherlands)

Abstract

We investigate the relationship between openness and value appropriation in the open innovation strategies of multinational corporations (MNCs). Previous research has suggested an inverted U-shaped relationship between external knowledge sourcing and innovative performance of firms engaged in open innovation (Laursen and Salter, 2006). Little research, however, has been conducted on the specific relationship between openness and value appropriation in the context of open innovation involving MNCs. To address this, we conduct a sequential mixed-methods study involving: (1) interviews with 31 elite key informants in large, well-known MNCs, and (2) a survey questionnaire of innovation managers in 75 MNCs. We find strong support for an inverted U-shaped relationship between openness and value appropriation in MNCs engaging in open innovation. Our interview data provides rich and substantive insight into this relationship. We discuss implications for theory and practice.

Suggested Citation

  • Christopher Williams & Jaap Vossen, 2014. "How Open Do Mncs Need To Be To Extract Value In Open Innovation?," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 18(05), pages 1-27.
    • Handle: RePEc:wsi:ijimxx:v:18:y:2014:i:05:n:s1363919614500352
    DOI: 10.1142/S1363919614500352
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    References listed on IDEAS

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    1. Wesley M. Cohen & Richard R. Nelson & John P. Walsh, 2000. "Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)," NBER Working Papers 7552, National Bureau of Economic Research, Inc.
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    Cited by:

    1. Guillermo Javier Diaz-Villavicencio & Simone Didonet & Alexander Dodd, 2016. "Perspectives On Innovation Management Of Ecuadorian Companies — Empirical Evidence," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 20(06), pages 1-20, August.

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