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| Author: | West, J. Gallagher, S. |
| Title: | Challenges of open innovation: the paradox of firm investment in open-source software |
| Journal: | R & D Management
2006 : JUN, VOL. 36:3, p. 319-331 |
| Index terms: | technology innovation R&D new products software intellectual property law commercial law |
| Language: | eng |
| Abstract: | Open innovation (hereafter as: OI) is a powerful framework including the generation, capture, and employment of intellectual property at the firm level. This study identifies 3 fundamental challenges for firms in applying the concept of OI: finding creative ways to exploit internal innovation (here as: innv./innvs.), incorporating external innv. into internal development, and motivating outsiders to supply an ongoing stream of external innvs. There is a paradox involved: Why would firms spend money on R&D efforts if the results are available to rival firms? This paper examines the activity of firms in open-source software to support their innv. strategies. Four strategies employed by firms are identified: pooled R&D/product development, spinouts, selling complements and attracting donated complements. It is discussed how these address the 3 key challenges of OI etc. |
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