Innovation governance for value capture - the problem and a proposed simple model-based solution
- Inderscience Publishers
- Publication Type:
- Journal Article
- International Journal of Strategic Change Management, 2009, 1 (3), pp. 171 - 185
- Issue Date:
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We aim to model the `optimal choice on internal vs. external innovation for value capture of different-sized firms, in the context of multilevel bargaining. We find that size differentials are a major determinant for the choice in hand. We derive implications for `closed vs. `open innovation approaches, and we discuss managerial practice, limitations and possible extensions.
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