Session Details
Session 1507
Corporate Strategy
| Track F | Date: Sunday, October 14, 2007 |
| Time: 10:00-11:30 h | |
| Room: Executive Center 3 |
Strategies For Sourcing Innovation From Outside:
Big Research Questions – And Some Answers – For The Next 5-10 Years
Session Chair
- Harry Barkema, London School of Economics & Rotterdam School of Management
Panelists
- Harry Barkema, London School of Economics & Rotterdam School of Management
- Yves Doz, INSEAD
- Liisa Valikangas, Helsinki School of Economics
Abstract
An important trend in practice is the tendency to replace internal innovation by strategies to source ideas from outside, popularly known as “Open Innovation.”
Acquisitions, alliances, corporate venturing, in-licensing, outsourcing of R&D, customer idea tapping websites, “corporate campuses” with other firms, closely knit ecosystems with external clients and suppliers are all such examples of open innovation. What are the key contingencies and mechanisms for successful open innovation? Which emerging strategies and “big” research questions should we focus on in the coming 5-10 years? What are the questions leaders of innovative firms focus on, and which new research questions do they inspire? Which theories and methodologies – possibly involving learning from and with practitioners – are particularly important/promising/exciting, and would likely lead to high impact, empirically valid knowledge? What will help Strategy researchers to lead, and produce valid high-impact knowledge, ideas, and designs, rather than tail this important trend?