The industrial dynamics of Open Innovation—Evidence from the transformation of consumer electronics

This paper addresses how the Open Innovation concept, as recently coined by Henry Chesbrough, can be analyzed from an industrial dynamics perspective. The main proposition of the paper is that the specific modes in which different companies manage Open Innovation in regard to an emerging technology...

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Bibliographic Details
Published in:Research policy 2005-12, Vol.34 (10), p.1533-1549
Main Authors: Christensen, Jens Frøslev, Olesen, Michael Holm, Kjær, Jonas Sorth
Format: Article
Language:English
Subjects:
Consumer electronics
Consumer goods
Digital amplification
Electronics
Electronics industry
Entrepreneurs
Innovation
Innovations
Knowledge
Open Innovation
Policy studies
Science and technology
Studies
System of innovation
Technological change
Technological regime
Technology entrepreneurs
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Summary:This paper addresses how the Open Innovation concept, as recently coined by Henry Chesbrough, can be analyzed from an industrial dynamics perspective. The main proposition of the paper is that the specific modes in which different companies manage Open Innovation in regard to an emerging technology reflect their differential position within the innovation system in question, the nature and stage of maturity of the technological regime, and the particular value proposition pursued by companies. The proposition is analyzed through an in-depth study of the current transformation of sound amplification from linear solid state technology to switched or digital technology within the consumer electronics system of innovation. The analysis especially addresses the complex interplay between technology entrepreneurs and incumbents, and demonstrates that Open Innovation sometimes has to be conducted under conditions of high transaction costs.
ISSN:0048-7333
1873-7625
DOI:10.1016/j.respol.2005.07.002