TY - CHAP
T1 - Open innovation and KIBS start-ups
T2 - Technology- and market-based alliance portfolio configurations
AU - Tjemkes, Brian V.
AU - de Pinéda, Eduard H.
AU - Bahlmann, Marc D.
AU - de Man, Ard Pieter
AU - Alexiev, Alexander S.
PY - 2014/1/1
Y1 - 2014/1/1
N2 - Firms are increasingly relying on combining internal resources with external knowledge to sustain firm renewal, which has led to open innovation being considered critical to a firm’s competitive advantage (Chesbrough, 2003). Successful open innovation produces first-mover advantages, superior financial returns, market growth, and market share (Lichtenhaler, 2011). In particular, knowledgeintensive business services (KIBS) start-ups-defined as "[new] expert companies that provide services to other companies and organizations" (Toivonen, 2006, 2)-rely on open innovation, as it is their primary knowledge input and output (Gallouj, 2002). However, KIBS start-ups are exposed to extant uncertainty because they face risk in the form of liability of newness, liability of smallness, and fundamental uncertainty. This uncertainty can be mitigated via a firm’s portfolio of alliance relationships (Ozcan and Eisenhardt, 2009).
AB - Firms are increasingly relying on combining internal resources with external knowledge to sustain firm renewal, which has led to open innovation being considered critical to a firm’s competitive advantage (Chesbrough, 2003). Successful open innovation produces first-mover advantages, superior financial returns, market growth, and market share (Lichtenhaler, 2011). In particular, knowledgeintensive business services (KIBS) start-ups-defined as "[new] expert companies that provide services to other companies and organizations" (Toivonen, 2006, 2)-rely on open innovation, as it is their primary knowledge input and output (Gallouj, 2002). However, KIBS start-ups are exposed to extant uncertainty because they face risk in the form of liability of newness, liability of smallness, and fundamental uncertainty. This uncertainty can be mitigated via a firm’s portfolio of alliance relationships (Ozcan and Eisenhardt, 2009).
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U2 - 10.1057/9781137394507_10
DO - 10.1057/9781137394507_10
M3 - Chapter
AN - SCOPUS:85011741996
SN - 9781137398550
SP - 191
EP - 218
BT - Open Innovation Through Strategic Alliances: Approaches for Product, Technology, and Business Model Creation
PB - Palgrave / MacMillan
ER -
