What is "value" in open innovation?
Paper in proceedings, 2016

This paper draws attention to value in open innovation. It reveals how scattered the understanding is of what values are created in open innovation and for whom they are created. Based on a systematic analysis of papers that discuss both open innovation and value, we propose an analytical framework including two dimensions; type of value - monetary / non-monetary, and the beneficiary of that value - a single stakeholder or collective group of stakeholders. As such, the framework contributes to the theorizing of open innovation since it brings together both the “chesbroughian” and “von hippelian” perspectives on open innovation and deconstructs the notion of value in the context of open innovation. While not considered a practical tool, the analytical framework directs managers towards the benefits of open innovation and enables a more informed dialogue with existing as well potential collaborating parties.

value creation

collective value

collaboration

open innovation

Author

Kamilla Kohn Rådberg

Chalmers, Technology Management and Economics, Entrepreneurship and Strategy

Susanne Ollila

Chalmers, Technology Management and Economics, Entrepreneurship and Strategy

Jane Webb

Chalmers, Technology Management and Economics, Entrepreneurship and Strategy

The ISPIM Innovation Forum, Boston, MA, USA on 13-16 March 2016

Subject Categories

Production Engineering, Human Work Science and Ergonomics

Other Engineering and Technologies

Economics and Business

Other Social Sciences not elsewhere specified

Driving Forces

Innovation and entrepreneurship

More information

Created

10/7/2017