Abstract:
The aim of the paper is to refresh the open innovation paradigm, extending it beyond its traditional practices by including the purchase of innovative components. Indeed,...Show MoreMetadata
Abstract:
The aim of the paper is to refresh the open innovation paradigm, extending it beyond its traditional practices by including the purchase of innovative components. Indeed, when OEMs acquire components, they incorporate an innovative effort made by their suppliers that contributes to the improvement of the overall innovation level of the final product. A mapping of buyer-supplier relationships is suggested to allow compatibility between the open innovation paradigm and the purchase of innovative components emerge. A comparison between the purchase of innovative components and the traditional open innovation practices will confirm the real compatibility. The common elements among open innovation practices are the partner's contribution to the overall R&D effort necessary for product development and the value added to the final product resulting from the involvement of third parties. Both elements are detected in the purchase of innovative components, confirming the theoretical hypotheses. Two opposite theoretical consequences derive from the work. On the one hand, the open innovation paradigm is extended to other buyer-supplier relationships, redefining the boundaries between closed and open innovation. On the other hand, scholars have to wonder if closed innovation may occur at all, at least in R&D intense industries.
Published in: 2019 IEEE International Conference on Engineering, Technology and Innovation (ICE/ITMC)
Date of Conference: 17-19 June 2019
Date Added to IEEE Xplore: 12 August 2019
ISBN Information: