UNLOCKING THE INNOVATION POTENTIAL IN LARGE FIRMS THROUGH TIMELY AND MEANINGFUL INTERACTIONS WITH YOUNG VENTURES

Babke N. Hogenhuis, Ellis A. van Den Hende and Erik Jan Hultink
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Babke N. Hogenhuis: Strategist at Fronteer, NDSM-plein 20, 1033 WB, Amsterdam, The Netherlands
Ellis A. van Den Hende: Delft University of Technology, Faculty of Indestrial Design Engineering, Landbergstraat 15, 2628 CE, Delft, The Netherlands
Erik Jan Hultink: Strategist at Fronteer, NDSM-plein 20, 1033 WB, Amsterdam, The Netherlands

International Journal of Innovation Management (ijim), 2017, vol. 21, issue 01, 1-29

Abstract: Since the introduction of open innovation (OI), both firms and academics have widely acknowledged the potential of unlocking large firms’ innovation potential through interactions with external parties, such as young ventures. These asymmetric partnerships are prone to several problems related to communication, roles and responsibilities, cultural differences, and operational issues, for which solutions and best practices have been proposed. However, all these solutions focus on the partnership itself; hence, on the “Get & Manage (GM)” stages. Unfortunately, the processes leading to a partnership; i.e., the “Want & Find (WF)” stages before the partnership, have largely been overlooked. The central thesis of this manuscript is that solutions that are implemented in the early “WF” stages have a positive impact on the outcomes of an asymmetric large firm — young venture partnership. We will show that attention to set-up and communication efforts in these early stages is needed, and discuss how our detailed explanations of such fruitful solutions contribute to the extant literature on asymmetric OI collaborations.

Keywords: Open innovation; asymmetric partnerships; young ventures; collaboration (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (3)

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DOI: 10.1142/S1363919617500098

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