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Title
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Understanding the advantages of open innovation practices in corporate venturing in terms of real options
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Author
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Abstract
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| Part of the advantages of using an open innovation (compared to closed innovation) in corporate venturing can be explained by applying the real options approach. Open innovation in risk-laden activities such as corporate venturing has the following advantages: i. benefits from early involvement in new technologies or business opportunities, ii. delayed financial commitment, iii. early exits reducing the downward losses, and iv. delayed exit in case it spins off a venture. We furthermore argue that these benefits do not automatically materialize. Innovation firms have to learn new skills and routines to develop the full 'real option'-potential of open innovation practices. |
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Language
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English
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Source (journal)
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IEEE International Conference on Industrial Engineering and Engineering Management : [proceedings]. - Piscataway, NJ
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Engineering Management, Vols 1-3
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Source (book)
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International Conference on Industrial Engineering and Engineering, Management, Dec 08-11, 2008, Singapore, SINGAPORE
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Publication
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New york
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Ieee
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2008
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ISBN
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978-1-4244-2629-4
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DOI
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10.1109/IEEM.2008.4738011
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Volume/pages
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(2008)
, p. 954-958
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ISI
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000269126600191
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Full text (Publisher's DOI)
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