Overcoming Industrial Inertia by Use of Open Innovation Technologies

Juho Lindman (), Tuija Heikura () and Petra Turkama ()
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Juho Lindman: Hanken School of Economics
Tuija Heikura: Suomen Teknologiakeskusten Liitto TEKEL
Petra Turkama: Aalto University School of Economics/CKIR

Chapter Chapter 11 in Managing Open Innovation Technologies, 2013, pp 165-178 from Springer

Abstract: Abstract Industries develop at different paces. The constant environmental flux of information and communication technology companies becomes especially clear when comparing them with more traditional industries, in our case, the Finnish construction industry. The sector is dominated by a number of large industrial actors with established positions operating predominantly in the domestic or Scandinavian market. Based on our literature review and a round of key person interviews, this chapter categorises the different sources of institutional inertia in this particular industry. We build a research framework for defining the requirements for creating open innovation technologies that could accelerate structural changes in a traditional industry. First, sources of inertia are identified empirically. Second, we discuss a set of requirements for an open innovation technology which would be needed to overcome this inertia.

Keywords: Open Innovation; Construction Industry; Life Cycle Cost; Construction Company; City Planning (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-31650-0_11

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DOI: 10.1007/978-3-642-31650-0_11

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