Extending Open Innovation: Orchestrating Knowledge Flows from Corporate Venture Capital Investments

Gutmann, Tobias; Chochoiek, Christopher; Chesbrough, Henry

doi:10.1177/00081256221147342

Cited by 13 publications

(3 citation statements)

References 36 publications

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“…The latest, most recent discourse regarding the extension of open innovation that focuses on the knowledge flows from corporate venture capital investments was written bei Gutmann et al (2023). The paper primarily identifies and exampines inside-in (overcoming internal silos to archive real innovation impact) and outsideout (help shape the ecosystem for corporate innoavtors) knowledge flows.…”

Section: Direction Of Innovation Flowmentioning

confidence: 99%

Harmonizing corporate venturing dimensions and its characteristics: a systematic analysis

Dall,

Terzidis,

Krooß

2024

Manag Rev Q

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The research literature on Corporate Venturing (CV) has increased over the last few years. While research mainly focuses on analyzing one single CV dimension (e.g. Ambidexterity, etc.) or the interplay between selected dimensions, rarely does research cover and explain all CV dimensions and their characteristics holistically. This paper analyzes the status quo of different CV dimensions and their characteristics. To do so, we identified 100 studies we first used to perform a bibliometric analysis. After that, we executed a conceptual systematic literature review (SLR), updating and extending an existing research paper written by Gutmann (Manag Rev Q 69(2):121–157, 2018). The bibliometric analysis results help objectively evaluate and describe the research landscape and point out leading countries, main keywords, main cited papers, and main research clusters of our CV research. We discovered three new dimensions within our SLR: Relatedness, Time Horizon, and Development Stage. In addition, we show new findings within the 7 CV dimensions described by the existing research paper. Even though the characteristics within each dimension have, to some extent, developed significantly over time, each of the dimensions described in this paper contains substantial new knowledge. e.g. previously the dimension “Link to the corporate firm” mainly covered operational and structural linkages. However, we distinguish these linkages between operational and strategic autonomy.

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Section: Direction Of Innovation Flowmentioning

confidence: 99%

Harmonizing corporate venturing dimensions and its characteristics: a systematic analysis

Dall,

Terzidis,

Krooß

2024

Manag Rev Q

View full text Add to dashboard Cite

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“…The article by Gutmann et al, Extending Open Innovation: Orchestrating Knowledge Flows from Corporate Venture Capital Investments, 75 focuses on corporate venture capital (CVC) as a firm-level strategy and organizational form to enable value creation and value capture from open innovation. Based on archival data and 77 interviews with senior decision makers in CVC units, the article develops a novel yet intuitive framework of the sources and applications of knowledge in CVC innovation processes.…”

Section: The Article By Rayna Et Al Commercialization Strategies Of L...mentioning

confidence: 99%

Creating and Capturing Value from Open Innovation: Humans, Firms, Platforms, and Ecosystems

Majchrzak

Bogers

Chesbrough

et al. 2023

California Management Review

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Open innovation rests on the idea that not all the smart people work only for you, and managing human interaction across organizational boundaries is therefore central to open innovation. This article starts with outlining and reviewing research on this human dimension of open innovation. The article develops seven principles of innovation-producing encounters that can guide managers in enabling value creation through open innovation. We continue by introducing the rest of the special section, which expands beyond the human dimension to also include firms, platforms, and ecosystems, with important implications for the creation and capture of value from open innovation.

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“…Also, to gain competitive advantage, large corporations find engaging with start-ups to be more efficient and cost-effective (Benkraiem et al , 2023). The literature on CEWS shows how some corporations have begun to focus their engagement efforts on emerging business areas, and a new range of objectives and motivations on corporate and start-up engagement have emerged in research as well as practice (Grama-Vigouroux et al , 2020; Albats et al , 2021; Gutmann et al , 2023).…”

Section: Introductionmentioning

confidence: 99%

Corporate engagement with start-ups (CEWS): a systematic review of literature and future research agenda

Jha,

Singh,

Basu

2024

EBR

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Purpose The purpose of this paper is to provide a systematic review of literature on corporate engagement with start-ups (CEWS) by identifying the modes, contexts, antecedents, barriers and outcomes. As an emerging field, CEWS presently has no such review available which will help in building consensus within the field and shape future research directions. Design/methodology/approach The study followed a two-phased systematic review of literature. Three research databases (i.e. Web of Science, ScienceDirect and SCOPUS) were accessed to gather and conduct the review. Of the total 379 papers retrieved, 63 total relevant papers were studied and analysed. The exhaustive review of literature helped to uncover the contexts, perspectives, antecedents, outcomes and barriers reported across the different modes of CEWS. Findings The study highlighted the five prominent modes of CEWS favoured by large corporations and start-ups. It found that the large corporations and start-ups associate with one another on the basis of complementarities of activities, resources and motives to pursue their strategic orientations. The engagements also face barriers on the ground, such as incompatibility of goals, power imbalances, cultural differences and weak engagement plans. Most important contexts seen were the high-technology industries in the developed economies like the USA and Europe. It also found that ecosystem creation, accessing innovation and corporate strategy have been preferred as the most productive modes of CEWS in the literature. Practical implications This review provides practitioners with a detailed list of the modes and drivers of CEWS. Subsequently, the barriers that need to be managed to successfully execute a specific mode of engagement. This shall enable the practitioners in developing and adopting the best practices while engaging with the start-ups to better facilitate the outcomes of CEWS. Originality/value To the best of the authors’ knowledge, there is no systematic literature review available in the domain of CEWS – thus, this study makes an important methodological contribution to the field. By consolidating the fragmented yet growing knowledge on CEWS, the study presents a detailed understanding of what drives and obstructs the engagement between large corporations and start-ups.

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Extending Open Innovation: Orchestrating Knowledge Flows from Corporate Venture Capital Investments

Cited by 13 publications

References 36 publications

Harmonizing corporate venturing dimensions and its characteristics: a systematic analysis

Harmonizing corporate venturing dimensions and its characteristics: a systematic analysis

Creating and Capturing Value from Open Innovation: Humans, Firms, Platforms, and Ecosystems

Corporate engagement with start-ups (CEWS): a systematic review of literature and future research agenda

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