Header

UZH-Logo

Maintenance Infos

Understanding a firm’s openness decisions in innovation


Drechsler, Wenzel; Natter, Martin (2012). Understanding a firm’s openness decisions in innovation. Journal of Business Research, 65(3):438-445.

Abstract

The degree of openness in innovation, ranging from closed to multiple levels of openness, is a key strategic decision for managers. Therefore, this study aims to carefully investigate the underlying drivers of openness. A major result of this study is that the degree of openness underlies separate mechanisms for being closed in innovation and higher degrees of openness. The factors that prevent firms from being open are a lack of market and technological knowledge (knowledge gaps), ineffective intellectual property (IP) protection mechanisms, and competitor threats such as market entries and imitation. The most important factors that increase the degree of openness are a firm's need for financial funding in innovation and the effectiveness of a firm's IP protection mechanisms.

Abstract

The degree of openness in innovation, ranging from closed to multiple levels of openness, is a key strategic decision for managers. Therefore, this study aims to carefully investigate the underlying drivers of openness. A major result of this study is that the degree of openness underlies separate mechanisms for being closed in innovation and higher degrees of openness. The factors that prevent firms from being open are a lack of market and technological knowledge (knowledge gaps), ineffective intellectual property (IP) protection mechanisms, and competitor threats such as market entries and imitation. The most important factors that increase the degree of openness are a firm's need for financial funding in innovation and the effectiveness of a firm's IP protection mechanisms.

Statistics

Citations

57 citations in Web of Science®
54 citations in Scopus®
Google Scholar™

Altmetrics

Additional indexing

Item Type:Journal Article, refereed, original work
Communities & Collections:03 Faculty of Economics > Department of Business Administration
Dewey Decimal Classification:330 Economics
Language:English
Date:2012
Deposited On:09 Dec 2016 11:19
Last Modified:09 Dec 2016 11:19
Publisher:Elsevier
ISSN:0148-2963
Publisher DOI:https://doi.org/10.1016/j.jbusres.2011.11.003
Other Identification Number:merlin-id:14187

Download

Full text not available from this repository.
View at publisher