Identifying open innovation partners: A methodology for strategic partner selection

Guertler, MR; Lindemann, U

Identifying open innovation partners: A methodology for strategic partner selection

Guertler, MR Lindemann, U

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Publisher:: World Scientific Pub Co Pte Lt
Publication Type:: Journal Article
Citation:: International Journal of Innovation Management, 2016, 20, (5), pp. 1640011
Issue Date:: 2016-06-01

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Field	Value	Language
dc.contributor.author	Guertler, MR
dc.contributor.author	Lindemann, U
dc.date.accessioned	2022-08-01T20:26:43Z
dc.date.available	2022-08-01T20:26:43Z
dc.date.issued	2016-06-01
dc.identifier.citation	International Journal of Innovation Management, 2016, 20, (5), pp. 1640011
dc.identifier.issn	1363-9196
dc.identifier.issn	1757-5877
dc.identifier.uri	http://hdl.handle.net/10453/159459
dc.description.abstract	By opening a company's innovation process, and allowing purposeful collaboration with external partners, Open Innovation (OI) offers several advantages, such as the use of external expertise, shorter time-to-market and reduced failure rates. However, the success of OI projects is directly linked to the selection of suitable partners, who operationally or strategically contribute to reach the goal of the OI project. Despite this relevance of OIpartner selection, methodical support has hitherto been limited -it is either too abstract to be helpful in practice, or too focused on single aspects. This paper presents a methodical approach to close this gap by combining identification and selection approaches from different fields, such as stakeholder analysis, lead-user identification and systems engineering. The methodology was evaluated in an industrial OI-project with an SME from plant manufacturing.
dc.language	en
dc.publisher	World Scientific Pub Co Pte Lt
dc.relation.ispartof	International Journal of Innovation Management
dc.relation.isbasedon	10.1142/S1363919616400119
dc.rights	info:eu-repo/semantics/closedAccess
dc.subject	1503 Business and Management, 1505 Marketing
dc.title	Identifying open innovation partners: A methodology for strategic partner selection
dc.type	Journal Article
utslib.citation.volume	20
utslib.for	1503 Business and Management
utslib.for	1505 Marketing
utslib.for	1503 Business and Management
utslib.for	1505 Marketing
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology
pubs.organisational-group	/University of Technology Sydney/Faculty of Engineering and Information Technology/School of Mechanical and Mechatronic Engineering
utslib.copyright.status	closed_access	*
dc.date.updated	2022-08-01T20:26:42Z
pubs.issue	5
pubs.publication-status	Published
pubs.volume	20
utslib.citation.issue	5

Abstract:

By opening a company's innovation process, and allowing purposeful collaboration with external partners, Open Innovation (OI) offers several advantages, such as the use of external expertise, shorter time-to-market and reduced failure rates. However, the success of OI projects is directly linked to the selection of suitable partners, who operationally or strategically contribute to reach the goal of the OI project. Despite this relevance of OIpartner selection, methodical support has hitherto been limited -it is either too abstract to be helpful in practice, or too focused on single aspects. This paper presents a methodical approach to close this gap by combining identification and selection approaches from different fields, such as stakeholder analysis, lead-user identification and systems engineering. The methodology was evaluated in an industrial OI-project with an SME from plant manufacturing.

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http://hdl.handle.net/10453/159459