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Co-Development of Open Innovation Strategy and Dynamic Capabilities as a Source of Corporate Growth

Author

Listed:
  • Alar Kolk

    (Institute of Strategy and International Business, Helsinki University of Technology)

  • Kristi P¸¸mann

    (School of Economics and Business Administration, Tallinn University of Technology)

Abstract

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.

Suggested Citation

  • Alar Kolk & Kristi P¸¸mann, 2008. "Co-Development of Open Innovation Strategy and Dynamic Capabilities as a Source of Corporate Growth," Working Papers 173, Tallinn School of Economics and Business Administration, Tallinn University of Technology.
    • Handle: RePEc:ttu:wpaper:173
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    References listed on IDEAS

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    Cited by:

    1. Marieta Olaru & Vasile Dinu & Timo Keppler & Bogdan Mocan, 2015. "Study on the Open Innovation Practices in Romanian Smes," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(S9), pages 1129-1129, November.
    2. Sinan Erzurumlu, 2010. "Collaborative Product Development With Competitors To Stimulate Downstream Innovation," International Journal of Innovation Management (ijim), World Scientific Publishing Co. Pte. Ltd., vol. 14(04), pages 573-602.

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    More about this item

    Keywords

    open innovation; open business model; innovation strategies; dynamic capabilities; corporate growth;
    All these keywords.

    JEL classification:

    • L29 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Other
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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