Combining open innovation with corporate venturing: a case of how to balance incremental and radical innovation

2012 ◽  
Vol 15 (4) ◽  
pp. 253
Author(s):  
Ann H. Clarke ◽  
Majbritt Rostgaard Evald ◽  
Kristin B. Munksgaard
Keyword(s):  
Open Innovation ◽  
Radical Innovation ◽  
Corporate Venturing

scholarly journals The Moderating Effects of Dynamic Capability on Radical Innovation and Incremental Innovation Teams in the Global Pharmaceutical Biotechnology Industry

2020 ◽  
Vol 8 (1) ◽  
Author(s):  
Heather Johnson
Keyword(s):  
Literature Review ◽  
Knowledge Sharing ◽  
Systematic Literature Review ◽  
Open Innovation ◽  
Radical Innovation ◽  
Biotechnology Industry ◽  
Dynamic Capability ◽  
Incremental Innovation ◽  
Moderating Effects ◽  
Pharmaceutical Biotechnology

The purpose of this paper is to conduct a quantitative, integrative and systematic literature review of the moderating effects of dynamic capability associated with radical innovation and incremental innovation teams in the global pharmaceutical biotechnology industry. This paper utilizes a conceptual framework of dynamic capability and socio-technical theory to underpin the study. The study includes 250 articles which were originally surveyed, and then a final selection of 66 articles was based on a structured coding system. The study outcome reveals that knowledge sharing strengthens existing professional knowledge and enhances internal work coordination and consistency in employees’ behavior, and effectively integrates diverse team knowledge and experience. Open innovation has a positive effect on radical innovation and enables knowledge acquisition to form a symbiotic relationship with knowledge sharing. Learning orientation has a stronger effect on incremental innovation than on radical innovation. The limitations of the study are related to a systematic literature review for this research does not establish causality. The mediating effects of dynamic capability on teams are not explored for this research. The implications for management are as follows, teams must be given the autonomy to make decisions from a technical perspective. Tacit knowledge, open innovation, knowledge acquisition and learning orientation are areas in which priority must be given during and after acquisitions in the pharmaceutical biotechnology industry.

THE ROLE OF SOCIAL MEDIA FOR RADICAL INNOVATION IN THE NEW DIGITAL AGE

2021 ◽  
pp. 2150075
Author(s):  
DENISE FISCHER ◽  
JACQUELINE PRASUHN ◽  
STEFFEN STRESE ◽  
MALTE BRETTEL
Keyword(s):  
Social Media ◽  
Product Development ◽  
Technology Acceptance ◽  
New Product Development ◽  
Open Innovation ◽  
Positive Relationship ◽  
New Product ◽  
Radical Innovation ◽  
Novel Technologies ◽  
Social Media Tools

The beneficial value of leveraging external networks in the innovation process has sparked widespread attention by open innovation scholars. With the rise of novel digital technologies such as social media, the opportunity space for accessing a multitude of external knowledge outside the organisation has significantly expanded. For instance, social media is currently not only vital in monitoring the COVID-19 outbreak, but also in leveraging knowledge to find a treatment for coronavirus. Nevertheless, theory and empirical evidence on how user integration using novel technologies such as social media affects radical innovation remains scarce and inconclusive. Using data obtained from 269 senior managers in new product development departments, this study reveals that the use of social media tools for new product development positively impacts radical innovation. The positive relationship is further strengthened by higher levels of an organisation’s technology acceptance of social media. However, we also find that routinisation with social media technology weakens the positive relationship, suggesting that frequent social media users may be more vulnerable to the systemic challenges of social media tools. This study advances open innovation research and information systems literature, elevating the controversial and debated impact of customer integration and information technology for radical innovation into the digitisation era.

Innovation speed: Does open innovation expedite corporate venturing?

2013 ◽  
Vol 2013 (1) ◽  
pp. 11076
Author(s):  
Henry Lopez Vega ◽  
Jingshu Du ◽  
Wim Vanhaverbeke
Keyword(s):  
Open Innovation ◽  
Corporate Venturing

Examining the linkage among open innovation, customer knowledge management and radical innovation

2018 ◽  
Vol 13 (3) ◽  
pp. 368-389 ◽  
Author(s):  
Xin Wang ◽  
Ming Xu
Keyword(s):  
Knowledge Management ◽  
Organizational Learning ◽  
Open Innovation ◽  
Radical Innovation ◽  
Learning Ability ◽  
Customer Knowledge ◽  
Content Type ◽  
Innovation Activities ◽  
Customer Knowledge Management ◽  
The Impact

Purpose The purpose of this paper is to propose a research model exploring the link between open innovation, customer knowledge management and radical innovation. It seeks to answer these research questions: is there any difference among the effects of different types of open innovation activities on radical innovation? How does the organizational learning ability influence the impact of customer knowledge management on radical innovation? Design/methodology/approach The paper is based on the data collected from a sample of 165 modern service enterprises located in the Yangtze River Delta region. The authors conducted a structural equation modeling analysis using SPSS and MPLUS to test the proposed hypotheses. Findings The results showed that different kinds of open innovation activities had different impacts on the path to radical innovation. Inbound open innovation activities directly influenced radical innovation while the effect of outbound open innovation activities on radical innovation combined with the organizational exploitative learning ability is indirect. Similarly, the empirical results also proved that customer knowledge management had an indirect effect on radical innovation through the organizational learning ability, and the influence of the exploratory learning ability was more prominent. Originality/value Under the background of the national innovation driven by the development strategy, this paper studies the impact mechanism of radical innovation from the perspectives of open innovation and customer knowledge management. Therefore, it is suggested that the enterprise should adopt open innovation activities to foster innovation performance, formulate a customer-oriented innovation strategy and invest information and communication technologies to enhance the organizational learning ability of the enterprise.

scholarly journals Radical Innovation for Sustainability: The Power of Strategy and Open Innovation

2017 ◽  
Vol 50 (6) ◽  
pp. 712-725 ◽  
Author(s):  
Steve Kennedy ◽  
Gail Whiteman ◽  
Jan van den Ende
Keyword(s):  
Open Innovation ◽  
Radical Innovation
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