Open AccessDESIGNING LIGHTWEIGHT OPEN INNOVATION: A CONCEPTUALISATION OF HOW LARGE FIRMS ENGAGE WITH SMALL ENTREPRENEURIAL FIRMS
Author(s) -
Björn Remneland Wikhamn
Publication year - 2021
Publication title -
international journal of innovation management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.572
H-Index - 44
eISSN - 1757-5877
pISSN - 1363-9196
DOI - 10.1142/s1363919621501036
Subject(s) - transactional leadership , open innovation , value capture , value (mathematics) , value creation , business , perspective (graphical) , knowledge management , equity (law) , marketing , industrial organization , economics , management , computer science , political science , machine learning , artificial intelligence , law
There is increasing scholarly interest in how large corporations engage in open innovation with small entrepreneurial firms, with synergies potentially producing positive outcomes for both the involved parties and the surrounding ecosystem. “Lightweight models” of open innovation (LOIs) have recently been introduced, governed by trust and relationships rather than by equity ownership and transactional control. This paper introduces a design framework and an alignment model for LOIs, based on 19 inductively generated and highly interrelated design elements associated with five design themes. The study uses empirical data from 18 LOI initiatives in Sweden, and the framework explains important differences in their motives, value propositions, innovation localizations, involved participants, and forms of interactions. Applying a value perspective to open innovation highlights two different value logics, suggesting that LOI initiatives can approach value by emphasizing either value creation or value capture. These logics may greatly influence other important design elements of LOIs.