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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
Publication Date:
2008
Type: Conference item
Peer-Reviewed: No
Language(s): English
Institution: University of Limerick
Funder(s): Irish Research Council for Humanities and Social Sciences; Science Foundation Ireland
Citation(s): IFIP/TC8/W.G.8.6 Workiing Conference on Open IT-based innovation.;10/2008
project OPAALS
project no 034824
Publisher(s): Springer
First Indexed: 2012-02-03 05:28:42 Last Updated: 2015-12-18 05:25:39