Please use this identifier to cite or link to this item: http://hdl.handle.net/2440/78125
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Type: Journal article
Title: Openness in product and process innovation
Author: Huang, F.
Rice, J.
Citation: International Journal of Innovation Management, 2012; 16(4):1-24
Publisher: Imperial College Press
Issue Date: 2012
ISSN: 1363-9196
1757-5877
Statement of
Responsibility: 
Fang Huang and John Rice
Abstract: Open innovation has generally been explored in terms of improved innovation performance vis-à-vis product/service innovation performance. However, process innovation is often ignored in the open innovation literature. In this study, we assess the impact of openness on innovation in products/services, and also on process innovation, drawing on a large-scale sample of Australian firms. In essence, we find that open innovation models are useful for firms seeking to innovate in processes as well as products and services. However, we find that openness to external information sources may, after a time, lead to decreasing marginal returns as measured by innovation performance. We also observe that, within our sample, the proposed complementarities between internal and external knowledge are generally only evident as precursors to the introduction of new products and services, and may not be as beneficial in stimulating process innovations. It is also shown by our study that investment in absorptive capacity has a declining marginal effect on the innovation performance of new processes, but not on the introduction of new products and services.
Keywords: Open innovation; product innovation; technological process innovation; organisational process innovation
Description: Electronic version of an article published as International Journal of Innovation Management, Vol. 16, Iss. 4, 2012, art. 1250020, pp. 1-24. DOI: 10.1142/S1363919612003812 © Imperial College Press. http://www.worldscientific.com/doi/abs/10.1142/S1363919612003812.
Rights: © Imperial College Press
RMID: 0020121049
DOI: 10.1142/S1363919612003812
Appears in Collections:Business School publications

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