< Back to previous page

Project

Metrics and Benchmarks for Open Innovation (R-4637)

This research will develop a set of metrics to measure the performance of Open Innovation activities and their impact on performance in companies. These metrics should be widely applicable to companies of different sizes in different industries so that the effective management of Open Innovation can be dramatically improved in most companies. Combining two different research methods, the thesis will develop new metrics for Open Innovation activities for businesses, enabling managers to use them as a benchmark and performance standard. This research is on the one hand practice-oriented with the goal of assisting businesses with the urgent and intractable issue of measuring Open Innovation and its impact on firm performance. New measures are necessary because traditional innovation metrics which are appropriate for closed innovation lose relevance when comapnies shift towards Open Innovation practices. On the other hand , this thesis has also the potential for a major theoretical contribution in the field, by rethinking the causal mechanisms between Open Innovation practices in companies and innovation performance. These subtle causal mechanisms can only be detected when particular processes, strategies and other antecedents are identified and measured by management. In summary, working with new (Open) Innovation measures has the potential to look at innovation management theory from a new perspective, which is more in line with the imperative of Open Innovation.
Date:1 Oct 2013 →  30 Sep 2017
Keywords:Open Innovation
Disciplines:Business administration and accounting, Management, Marketing