An investigation into the performance of an ambidextrously balanced innovator and its relatedness to open innovation

This study investigated the relationship between open innovation and the radicalness of innovation. The balance between radical and incremental innovation is an essential part of the ambidextrous use of explorative and exploitative strategies, and this study assumed that open innovation is usually i...

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Bibliographic Details
Published in:Journal of open innovation 2019-06, Vol.5 (2), p.1-12, Article 23
Main Authors: Kang, Shinhyung, Hwang, JungTae
Format: Article
Language:English
Subjects:
Alliances
ambidextrous organization
Exploitation
Hypotheses
inbound open innovation
Innovations
Investigations
Knowledge
Market shares
R&D
radical innovation
Research & development
Small & medium sized enterprises-SME
Technological change
Work environment
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Summary:This study investigated the relationship between open innovation and the radicalness of innovation. The balance between radical and incremental innovation is an essential part of the ambidextrous use of explorative and exploitative strategies, and this study assumed that open innovation is usually interlinked with explorative strategies and is thus related to radical innovation performance. Accordingly, following an empirical investigation, we demonstrate that the balance of open innovation firms is slightly skewed toward explorative radical innovation. Using the Korean version of the community innovation survey, we show that the relative radicalness that is projected on innovation output exhibits an inverted-U curve. Furthermore, the curve shifts based on the level of inbound open innovation. Our results suggest that there is an ambidextrous balance between radical and incremental innovation while implementing open innovation. In addition, the research results imply that firms placing greater weight on explorative radical innovations need to consider in-depth open innovation strategies.
ISSN:2199-8531
2199-8531
DOI:10.3390/joitmc5020023