English, Article, Journal or magazine article edition: Co-Development of Open Innovation Strategy and Dynamic Capabilities as a Source of Corporate Growth Alar Kolk; Kristi Püümann

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Bookmark: http://trove.nla.gov.au/version/182897
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Co-Development of Open Innovation Strategy and Dynamic Capabilities as a Source of Corporate Growth
Author
  • Alar Kolk
  • Kristi Püümann
Physical Description
  • preprint
Notes
  • Companies need to be innovative in terms of their business models and technologies to achieve superior performance. As market conditions require innovation to be open, firms develop dynamic capabilities to generate and realise such open strategies. Even though corporate growth in rapidly changing environment is related to opening up innovation as well as developing dynamic capabilities, there is a necessity for appropriate management of openness of innovation strategies as well as management of the dynamics of capabilities. Therefore this paper suggests that firms need to find a balance point between development of their organisational capabilities and openness of their innovation strategies. Co-development of firms´ dynamic capabilities together with Open Innovation Strategies enables firms to maximise their performance.
  • open innovation; open business model; innovation strategies; dynamic capabilities; corporate growth
  • RePEc:ttu:wpaper:173
Language
  • English
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