Abstract:
Open innovation is a paradigm that believes that firms should use both internal and external ideas. These ideas can advance technology and lead to competitive advantage, ...Show MoreMetadata
Abstract:
Open innovation is a paradigm that believes that firms should use both internal and external ideas. These ideas can advance technology and lead to competitive advantage, thereby improving a firm's performance. However, the process of turning innovative ideas into performance does depend on firms' innovation capabilities. In this study, we first divide “openness” into external openness, a search for external channels of information used to innovate, and internal openness, a kind of open culture within a firm. In order to balance value capture with openness, the power of openness in terms of value creation is largely supported by innovation capabilities, including the inherent characteristics of knowledge resources, absorptive capacity, and an entrepreneurial orientation. Our main goals are to state explicitly how a firm's openness strategies influence its innovation capabilities, and explore how to advance innovation capabilities through openness in order to improve performance. Therefore, we use an international and cross-industry survey which was executed by the Managing Innovation in the New Economy (MINE) program. Based on data from 393 firms, our results show that the innovation capabilities of these firms derive from the accumulation of external openness and internal openness. In addition, the findings of this study confirm the role of innovation capabilities in mediating the effect of openness strategies on firms' performance. On the whole, this investigation demonstrates the value of external openness and internal openness to promoting favorable managerial decisions.
Published in: IEEE Transactions on Engineering Management ( Volume: 60, Issue: 4, November 2013)
Institute of Technology Management, National Tsing Hua University, Hsinchu, Taiwan
Yi-Ching Wu is currently working toward the Ph.D. degree from the Institution of Technology Management, National Tsing Hua University, Hsinchu, Taiwan.
Her current research interests include knowledge management, policy planning, and strategic management of technology.
Yi-Ching Wu is currently working toward the Ph.D. degree from the Institution of Technology Management, National Tsing Hua University, Hsinchu, Taiwan.
Her current research interests include knowledge management, policy planning, and strategic management of technology.View more
National Tsing Hua University, Hsinchu, TW
Bou-Wen Lin received the Ph.D. degree in management of technology from Rensselaer Polytechnic Institute, Troy, NY, USA, in 1998.
He is currently a Professor at the Institution of Technology Management, National Tsing Hua University, Hsinchu, Taiwan, and the Director General of the Science and Technology Policy Research and Information Center (STPI), National Applied Research Laboratories (NARL). He is a Lecturer and Writer...Show More
Bou-Wen Lin received the Ph.D. degree in management of technology from Rensselaer Polytechnic Institute, Troy, NY, USA, in 1998.
He is currently a Professor at the Institution of Technology Management, National Tsing Hua University, Hsinchu, Taiwan, and the Director General of the Science and Technology Policy Research and Information Center (STPI), National Applied Research Laboratories (NARL). He is a Lecturer and Writer...View more
Department of Business Administration, National Taiwan University, Hsinchu, Taiwan
Chung-Jen Chen received te Ph.D. degree in strategy and technology management from Rensselaer Polytechnic Institute, Troy, NY, USA.
He is currently a Professor at the Graduate Institute of Business Administration, College of Management, National Taiwan University, Hsinchu, Taiwan. His current research interests include knowledge management, interfirm collaboration, innovation management, and entrepreneurship.
Chung-Jen Chen received te Ph.D. degree in strategy and technology management from Rensselaer Polytechnic Institute, Troy, NY, USA.
He is currently a Professor at the Graduate Institute of Business Administration, College of Management, National Taiwan University, Hsinchu, Taiwan. His current research interests include knowledge management, interfirm collaboration, innovation management, and entrepreneurship.View more
Contents Institute of Technology Management, National Tsing Hua University, Hsinchu, Taiwan
Yi-Ching Wu is currently working toward the Ph.D. degree from the Institution of Technology Management, National Tsing Hua University, Hsinchu, Taiwan.
Her current research interests include knowledge management, policy planning, and strategic management of technology.
Yi-Ching Wu is currently working toward the Ph.D. degree from the Institution of Technology Management, National Tsing Hua University, Hsinchu, Taiwan.
Her current research interests include knowledge management, policy planning, and strategic management of technology.View more
National Tsing Hua University, Hsinchu, TW
Bou-Wen Lin received the Ph.D. degree in management of technology from Rensselaer Polytechnic Institute, Troy, NY, USA, in 1998.
He is currently a Professor at the Institution of Technology Management, National Tsing Hua University, Hsinchu, Taiwan, and the Director General of the Science and Technology Policy Research and Information Center (STPI), National Applied Research Laboratories (NARL). He is a Lecturer and Writer in the fields of international technology transfer, new product development, and strategic management of technology. His current research interests include knowledge management and policy planning.
Bou-Wen Lin received the Ph.D. degree in management of technology from Rensselaer Polytechnic Institute, Troy, NY, USA, in 1998.
He is currently a Professor at the Institution of Technology Management, National Tsing Hua University, Hsinchu, Taiwan, and the Director General of the Science and Technology Policy Research and Information Center (STPI), National Applied Research Laboratories (NARL). He is a Lecturer and Writer in the fields of international technology transfer, new product development, and strategic management of technology. His current research interests include knowledge management and policy planning.View more
Department of Business Administration, National Taiwan University, Hsinchu, Taiwan
Chung-Jen Chen received te Ph.D. degree in strategy and technology management from Rensselaer Polytechnic Institute, Troy, NY, USA.
He is currently a Professor at the Graduate Institute of Business Administration, College of Management, National Taiwan University, Hsinchu, Taiwan. His current research interests include knowledge management, interfirm collaboration, innovation management, and entrepreneurship.
Chung-Jen Chen received te Ph.D. degree in strategy and technology management from Rensselaer Polytechnic Institute, Troy, NY, USA.
He is currently a Professor at the Graduate Institute of Business Administration, College of Management, National Taiwan University, Hsinchu, Taiwan. His current research interests include knowledge management, interfirm collaboration, innovation management, and entrepreneurship.View more
