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Deciding on Open Innovation: An Exploration of How Firms Create and Capture Value with Open Source Software
Morgan, Lorraine; Finnegan, Patrick
Open innovation is a paradigm that proposes that firms can and should use external as well as internal innovations/ideas. A popular example of open innovation has been open source software (OSS). The key issues facing organizational decision makers considering OSS strategies is, how does the firm create value for the customer while simultaneously extracting value for itself? However, the adoption of OSS as part of an open innovation strategy is a recent phenomenon and many unanswered questions remain. Taking the viewpoint of seven IS/IT decision makers in European firms, this paper reveals how decision makers considered aspects of value creation, capture, and networking in making decisions on adopting open source software. The findings reveal that while decision makers look to open innovation for value creation and capture, there is still a desire to remain self reliant, resulting in collaborative design (of external innovations) rather than collaborative decision making with value network partners in relation to how such innovations would help create and capture value within firms.
Keyword(s): Open innovation; open source software; value creation; value capture; value network
Publication Date:
2008
Type: Book chapter
Peer-Reviewed: Yes
Institution: Maynooth University
Citation(s): Morgan, Lorraine and Finnegan, Patrick (2008) Deciding on Open Innovation: An Exploration of How Firms Create and Capture Value with Open Source Software. In: Open IT-Based Innovation: Moving Towards Cooperative IT Transfer and Knowledge Diffusion. IFIP – The International Federation for Information Processing (287). Springer, pp. 220-246. ISBN 9780387875026
Publisher(s): Springer
File Format(s): other
Related Link(s): http://mural.maynoothuniversity.ie/6651/1/LM-Deciding.pdf
First Indexed: 2020-04-02 06:41:56 Last Updated: 2020-04-02 06:41:56