BENEFITING FROM MARKETS FOR IDEAS — AN INVESTIGATION ACROSS DIFFERENT TYPOLOGIES

A. C. Garavelli, A. Messeni Petruzzelli, A. Natalicchio () and Wim Vanhaverbeke
Additional contact information
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

International Journal of Innovation Management (ijim), 2013, vol. 17, issue 06, 1-37

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.

Keywords: Markets for ideas; innovation markets; open innovation; external R&D (search for similar items in EconPapers)
Date: 2013
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S1363919613400173
Access to full text is restricted to subscribers

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:ijimxx:v:17:y:2013:i:06:n:s1363919613400173

Ordering information: This journal article can be ordered from

DOI: 10.1142/S1363919613400173

Access Statistics for this article

International Journal of Innovation Management (ijim) is currently edited by Joe Tidd

More articles in International Journal of Innovation Management (ijim) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().