How Do Internal Openness and External Openness Affect Innovation Capabilities and Firm Performance?

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 firm...

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Vydáno v:IEEE transactions on engineering management Ročník 60; číslo 4; s. 704 - 716
Hlavní autoři: Wu, Yi-Ching, Lin, Bou-Wen, Chen, Chung-Jen
Médium: Journal Article
Jazyk:angličtina
Vydáno: New York IEEE 01.11.2013
The Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Témata:
Competitive advantage
Corporate culture
Innovation capabilities
Innovation management
Innovations
Knowledge engineering
open innovation
openness
Organizational aspects
Studies
Technological change
Technological innovation
Value chain
ISSN:0018-9391, 1558-0040
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Shrnutí: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.
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ISSN:0018-9391
1558-0040
DOI:10.1109/TEM.2013.2262050