Understanding Open Innovation Strategy – A Guide
Understanding Open Innovation Strategy - A Guide
My Research Website
My Research Website
November 28, 2024
Researchers rely on systematic literature reviews (SLRs) to understand Open Innovation comprehensively. These reviews provide a transparent, structured methodology for analyzing academic contributions and trends. This post delves into how SLRs bring transparency, rigour, and clarity to the study of Open Innovation strategies.
The review focused on articles published until November 15, 2021, within the Business, Management, and Economics domains. Articles were restricted to the English language to ensure consistent analysis.
The search used the “Open Innovation Strateg*” string to capture diverse terminologies and perspectives. This query targeted titles, abstracts, author keywords, and keyword-plus fields to maximize relevance.
The initial search yielded 186 articles, which were refined based on criteria like document type (articles and early access) and publication relevance. After filtering, 100 articles formed the final dataset.
Co-citation analysis was performed using VOSviewer software to identify trends and clusters in the literature. This analysis groups articles based on how frequently they are cited together, revealing thematic clusters.
The SLR revealed four thematic clusters central to understanding Open Innovation:
Furthermore, the analysis demonstrated a growing interest in Open Innovation strategies, particularly since 2006. Key publications and journals have significantly shaped this field, with some studies receiving hundreds of citations, underscoring their impact.
The systematic approach adopted in this review emphasizes the importance of transparency and rigour in research. By leveraging SLRs, the study of Open Innovation gains a structured foundation, enabling firms and researchers to align their strategies with proven practices and emerging trends.
Understanding Open Innovation Strategy - A Guide
Open Innovation offers firms immense potential to stay competitive in a rapidly changing world.
The types of innovation processes in Open Innovation—whether inbound, outbound, or coupled—offer significant opportunities for firms to enhance their competitive edge.
While Open Innovation is often associated with tech giants, its principles apply across various industries.
Knowledge doesn’t exist in isolation. Networks and knowledge management play pivotal roles in connecting firms to external resources.
Knowledge is a critical resource for innovation. emphasizing how firms leverage internal and external knowledge to create dynamic capabilities.