Dismantling of the Inverted U-Curve of Open Innovation

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ID: 54668
2017
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Abstract
The purpose of this study is to address the following research question: What is the relationship between open innovation and firm performance? The study built up a research framework with three factors—i.e., open innovation strategy, time scope, and industry condition—to find out the concrete open innovation effects on firm performance. This study adopted four different research methods. Firstly, we applied the aforementioned factors to a game of life simulation in order to identify the concrete differences of open innovation effects on firm performance. Secondly, the study examined the real dynamics of open innovation effects on firm performance in the aircraft industry—one of the oldest modern industries—through a quantitative patent analysis. It then looked into the effects of major factors that impact open innovation effects. Thirdly, this study developed a mathematical model and tried to open the black box of open innovation effects on firm performance. Lastly, the study logically compiled research on open innovation effects on firm performance through the presentation of a causal loop model and derived the possible implications.
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yun2017dismantlingsustainability Use this key to autocite in the manuscript while using SciMatic Manuscript Manager or Thesis Manager
Authors Yun, JinHyo Joseph;Won, DongKyu;Jeong, EuiSeob;Park, KyungBae;Lee, DooSeok;Yigitcanlar, Tan;
Journal sustainability
Year 2017
DOI
DOI not found
URL
https://www.mdpi.com/2071-1050/9/8/1423
Keywords
Infectious and parasitic diseases Mechanical engineering and machinery environmental effects of industries and plants renewable energy sources environmental sciences agriculture cytology

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