Creating and Capturing Value from Open Innovation: Humans, Firms, Platforms, and Ecosystems

What is it about?

Open innovation rests on the idea that not all the smart people work only for you, and managing human interaction across organizational boundaries is therefore central to open innovation. This article starts with outlining and reviewing research on this human dimension of open innovation. The article develops seven principles of innovation-producing encounters that can guide managers in enabling value creation through open innovation. We continue by introducing the rest of the special section, which expands beyond the human dimension to also include firms, platforms, and ecosystems, with important implications for the creation and capture of value from open innovation.

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Why is it important?

------------------------------------------------------- Contribution to Academic Scholarship ------------------------------------------------------- Open innovation rests on the idea that not all smart people work for you, and managing human interaction across organizational boundaries is therefore central to open innovation. This article starts with outlining and reviewing research on this human dimension of open innovation. The article develops seven principles of innovation-producing encounters that can guide managers in enabling value creation through open innovation. ------------------------------------------------------- Contribution to Management Practice ------------------------------------------------------- The article develops seven principles of innovation-producing encounters that can guide managers in enabling value creation through open innovation. The article continues with introducing the rest of the special section, which expands beyond the human dimension to also include firms, platforms, and ecosystems, with important implications for the creation and capture of value from open innovation. ---------------------------- Author Perspective ---------------------------- Open innovation spans across different levels of analysis. In this article, we focus primarily on the human dimension, with some counterintuitive principes for imroving the productivity of open innovation. But we also connect that to other (higher) levels of analysis, such as firms, platforms, and ecosystems, and by that we introduce the rest of the special section on open innovation.