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Please use this identifier to cite or link to this item: http://hdl.handle.net/1942/9911

Title: Understanding the advantages of open innovation practices in corporate venturing in terms of real options
Authors: VANHAVERBEKE, Wim
Van de Vrande, V.
Issue Date: 2008
Publisher: IEEE
Citation: IEEM: 2008 INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT: vol. 1-3. p. 954-958.
Abstract: 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.
Notes: [Vanhaverbeke, W. Wim] Hasselt Univ, Dept Business Studies, Hasselt, Belgium.
URI: http://hdl.handle.net/1942/9911
Link to publication: http:/dx.doi.org/10.1109/IEEM.2008.4738011
ISI #: 000269126600191
ISBN: 978-1-4244-2629-4
Category: C1
Type: Proceedings Paper
Validation: ecoom, 2010
Appears in Collections: Strategy and Organisation - Archive

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