Managing open innovation projects with science-based and market-based partners. Du, J.; Leten, B.; and Vanhaverbeke, W. Research Policy.
Managing open innovation projects with science-based and market-based partners [link]Paper  doi  abstract   bibtex   
This paper examines the relationship between (outside-in) open innovation and the financial performance of R&D projects, drawing on a unique dataset that contains information on the open innovation practices, management and performance of 489 R&D projects of a large European multinational firm. We introduce two types of open innovation partnerships – science-based and market-based partnerships – and examine their relationships with project financial performance. In addition, we investigate whether the open innovation—project performance relationships are influenced by the way how R&D projects are managed. Our results show that R&D projects with open innovation partnerships are associated with a better financial performance providing that they are managed in the most suitable way. Market-based partnerships are positively correlated with project performance if a formal project management process is used; however these partnerships are associated with a lower performance for loosely managed projects. In contrast, science-based partnerships are associated with higher project revenues for loosely managed projects only.
@article{du_managing_????,
	title = {Managing open innovation projects with science-based and market-based partners},
	issn = {0048-7333},
	url = {http://www.sciencedirect.com/science/article/pii/S0048733313002278},
	doi = {10.1016/j.respol.2013.12.008},
	abstract = {This paper examines the relationship between (outside-in) open innovation and the financial performance of R\&D projects, drawing on a unique dataset that contains information on the open innovation practices, management and performance of 489 R\&D projects of a large European multinational firm. We introduce two types of open innovation partnerships – science-based and market-based partnerships – and examine their relationships with project financial performance. In addition, we investigate whether the open innovation—project performance relationships are influenced by the way how R\&D projects are managed. Our results show that R\&D projects with open innovation partnerships are associated with a better financial performance providing that they are managed in the most suitable way. Market-based partnerships are positively correlated with project performance if a formal project management process is used; however these partnerships are associated with a lower performance for loosely managed projects. In contrast, science-based partnerships are associated with higher project revenues for loosely managed projects only.},
	urldate = {2014-01-12},
	journal = {Research Policy},
	author = {Du, Jingshu and Leten, Bart and Vanhaverbeke, Wim},
	keywords = {Open innovation, Project management, R\&D collaboration, R\&D project},
	file = {ScienceDirect Full Text PDF:files/48095/Du et al. - Managing open innovation projects with science-bas.pdf:application/pdf;ScienceDirect Snapshot:files/48087/Du et al. - Managing open innovation projects with science-bas.html:text/html}
}
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