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Repository of the University of Hasselt containing publications in the fields of statistics, computer science, information strategies and material from the Institute for behavioural sciences.

Innovation Management

Mostrando recursos 1 - 20 de 43

  1. Surfing the New Wave of Open Innovation Research

    Vanhaverbeke, Wim; West, Joel; Chesbrough, Henry

  2. Exploring Open Innovation at the Level of R&D Projects

    Vanhaverbeke, Wim; Du, Jingshu; Leten, Bart; Aalders, Ferrie

  3. A Classification of Open Innovation and Open Business Models

    Vanhaverbeke, Wim; Chesbrough, Henry

  4. New Frontiers in Open Innovation

    Companies have to innovate to stay competitive, and they have to collaborate with other organizations to innovate effectively. Although the benefits of "open innovation" have been described in detail before, mechanisms underlying how companies can be successful "open innovators" have not be understood well. A growing community of innovation management researchers started to develop different frameworks to understand open innovation in a more systematic way. This book provides a thorough examination of research conducted to date on open innovation, as well as a comprehensive overview of what will be the most important, most promising and most relevant research topics in...

  5. Sanus-Ace: Negotiating a Memorandum of Understanding in external corporate venturing. Teaching Note

    Vanhaverbeke, Wim

  6. Sanus-Ace: Negotiating a Memorandum of Understanding in external corporate venturing.

    This negotiation case describes a situation in which an investment manager of a large chemical company (ACE) has to decide about a corporate venturing investment in a small high-tech start-up (Sanus). To win board approval for this investment, an ACE business unit (in this case, ACE Food Specialties) must write a letter of commitment. The investment manager of ACE Venturing cannot invest in the start-up without a MoU between the start-up and the business unit of ACE. This case provides the required information for a negotiation between the investment manager, the business unit manager, and the start-up???s CEO. During the...

  7. Open Innovation through R&D partnerships: Implementation challenges and routes to success

    Roijakkers, Nadine; Bell, John; Fok, Jaco; Vanhaverbeke, Wim
    The purpose of this chapter is to describe some of the implementation challenges related to practicing open innovation (OI) through R&D partnerships with different types of partners and ways for companies to successfully deal with these challenges internally. OI has been a hot item in both academic publications and the popular literature in the past decade. Several authors have described the open innovation activities of firms and have delineated various OI options, such as R&D partnerships, technology licensing, corporate venturing, and so forth, and the effects these actions have on the innovative performance of mainly large companies (Chesbrough, 2003; Chesbrough,...

  8. Getting help from infomediaries-what can innovators do to increase value in external knowledge searches

    Roijakkers, Nadine; Zynga, Andy; Bishop, Caroline
    This chapter aims to show what actions innovating companies can take to increase value when they make use of intermediated OI services in differ- ent phases of their external knowledge searching and hence improve their chances of ultimately establishing a successful tech-transfer agreement with a solution provider.

  9. When Research Meets Development: Antecedents and Implications of Transfer Speed

    DU, Jingshu; Leten, Bart; VANHAVERBEKE, Wim; Lopez-Vega, Henry
    This paper focuses on the organization of new product development in large, R&D-intensive firms. In these firms, research and development activities are often separated. Research is conducted in dedicated research projects at specialized research labs. Once research results are achieved by research projects, they are transferred to business units for further development and commercialization. We investigate the speed whereby research projects transfer their first research results to business units (hereafter: transfer speed). In particular, we analyze the antecedents and performance implications of transfer speed. Based on data of 503 research projects from a European R&D intensive manufacturing firm, our results...

  10. Open innovation: The next decade

    West, Joel; Salter, Ammon; VANHAVERBEKE, Wim; Chesbrough, Henry
    We review the contribution and evolution of open innovation since the publication of Chesbrough's 2003 Open Innovation book, and suggest likely directions going forward. We link the articles of this special issue to three key trends in open innovation research: better measurement, resolving the role of appropriability and linking that research to the management and economics literature. From this, we identify other trends and suggest opportunities for future research. (C) 2014 Published by Elsevier B.V.

  11. Managing open innovation projects with science-based and market-based partners

    DU, Jingshu; Leten, Bart; VANHAVERBEKE, Wim
    This paper examines the relationship between (outside-in) open innovation and the financial performance of R&D projects, drawing on a unique dataset that contains information on the open innovation practices, management and performance of 489 R&D projects of a large European multinational firm. We introduce two types of open innovation partnerships - science-based and market-based partnerships and examine their relationships with project financial performance. In addition, we investigate whether the open innovation project performance relationships are influenced by the way how R&D projects are managed. Our results show that R&D projects with open innovation partnerships are associated with a better financial...

  12. Patterns of R&D internationalisation in developing countries: China as a case

    JIN, Jun; WANG, Yuandi; VANHAVERBEKE, Wim
    Some developing countries are emerging as nexuses in the globalisation of innovation activities, serving as the location for crucial R&D activities from developed multinational firms (DMFs), which are headquartered in developed countries, and spawning emerging multinational firms (EMFs), which are headquartered in developing countries and conduct some of their R&D in developed countries. This paper proposes a framework and a methodology to identify international patterns of innovation at the firm-level as well as at the national level. According to a reconstruction of the R&D owner-inventor structure, we develop the analytical framework as a 3 ?? 3 matrix and identify three...

  13. Enriching open innovation theory and practice by strengthening the relationship with strategic thinking

    In this chapter, we first argue that open innovation can be applied to situations where companies do not themselves develop new products or services. As a consequence, open innovation becomes relevant for a much larger group of organisations than hitherto. Second, we argue that open innovation scholars have failed to sufficiently differentiate open innovation initiatives in terms of their impact on companies’ growth: Some open innovation initiatives lead to incremental innovations in existing businesses while others are used to establish completely new businesses. Both arguments illustrate the need to integrate open innovation initiatives into the strategy of the firm.

  14. How fast do Chinese firms learn and catch up? Evidence from patent citations

    There is a wealth of research on technological learning in developing countries, but few scholars have clearly addressed the issue of learning time in an empirical way. This paper aims to fill this void by presenting an empirical investigation of the time needed by Chinese firms to learn from the technologies that they have in-licensed. Furthermore, we analyzed in detail the antecedents leading to an acceleration or deceleration of the learning process among Chinese licensees. The results of an event history analysis indicate that recipient firms take on average 5.8 years to learn from their in-licensed technologies. The absorptive capacity...

  15. Open Innovation

    In the past 10 years, numerous interesting articles, book chapters, and books have been written on open innovation strategies in mainly large companies. While closed innovation models have resulted in important breakthrough innovations, many large companies have abandoned vertical integration strategies in recent years and have moved toward a combination of both closed and open innovation models that are used for reaching different sets of innovative goals. The definition of open innovation as proposed by Chesbrough is still the most commonly used notion of the concept. However, several respectable open innovation researchers have added to the theory and have offered...

  16. Benefitting from markets for ideas ??? An investigation across different typologies

    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...

  17. Open innovation practices in small and medium enterprises: evidence from Belgium

    Few studies on open innovation (OI) address OI practices in small and medium-sized enterprises (SMEs) and how their use of OI and the resulting benefits differ from those of large enterprises. The lack of resources in SMEs to engage in looking outward is said to be a barrier to OI, but at the same time this shortage is cited as a motive for looking beyond organisational boundaries for technological knowledge. We investigate how OI dimensions impact the innovative performance of SMEs in comparison to large companies. The key finding is that the effects of OI practices in SMEs often differ...

  18. Mind the gap: Balancing alliance network and technology portfolios during periods of technological uncertainty

    Gilsing, Victor; VANHAVERBEKE, Wim; PIETERS, Michiel
    While clique-embeddedness is generally considered to enhance firm performance, there are also reasons to expect that under conditions of technological turbulence clique-membership is less beneficial or might even become a liability. To address this, we study the innovative performance of clique members during periods of both technological change and technological stability. We find support for the idea that companies' ability to adapt their alliance network (i.e. forming ties beyond the scope of the clique) and their ability to adapt their technology portfolios (i.e. access to novel technological knowledge) positively influences their innovative performance during technologically turbulent periods.

  19. The effect of R&D novelty and openness decision on firms' catch-up performance: Empirical evidence from China

    Wang, Fangrui; Chen, Jin; WANG, Yuandi; Ning, Lutao; VANHAVERBEKE, Wim
    This paper explores the strategic dimensions of R&D decisions toward novelty and openness in explaining the performance of latecomer firms in a developing economy. A structural equation model of R&D decision-making is formulated using survey data from 279 Chinese firms. The dimension of R&D novelty is defined as the degree of technological newness found in firms' R&D projects, while R&D openness describes the degree to which technologies are acquired from external sources. Our results indicate that firms' R&D decisions regarding novelty and openness are associated with demand opportunities, market competition, technological capability, and external networks. Greater R&D novelty contributes positively...

  20. How Prior Corporate Venture Capital Investments Shape Technological Alliances: A Real Options Approach

    Van de Vrande, Vareska; VANHAVERBEKE, Wim
    This article investigates how prior corporate venture capital (CVC) relationships between two firms affect the likelihood of their subsequently entering a strategic alliance. Creating a portfolio of CVC investments provides the investing firm with a set of opportunities that can be pursued once the technological and market uncertainty have been reduced. If the technology appears to be promising, a follow-on investment, such as a strategic alliance, is made to ensure the transfer of the technological knowledge. This article shows that prior CVC investments can play a role in the formation of strategic alliances and investigates the conditions under which they...

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