@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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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":[{"propositions":[],"lastnames":["Du"],"firstnames":["Jingshu"],"suffixes":[]},{"propositions":[],"lastnames":["Leten"],"firstnames":["Bart"],"suffixes":[]},{"propositions":[],"lastnames":["Vanhaverbeke"],"firstnames":["Wim"],"suffixes":[]}],"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","bibtex":"@article{du_managing_????,\n\ttitle = {Managing open innovation projects with science-based and market-based partners},\n\tissn = {0048-7333},\n\turl = {http://www.sciencedirect.com/science/article/pii/S0048733313002278},\n\tdoi = {10.1016/j.respol.2013.12.008},\n\tabstract = {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.},\n\turldate = {2014-01-12},\n\tjournal = {Research Policy},\n\tauthor = {Du, Jingshu and Leten, Bart and Vanhaverbeke, Wim},\n\tkeywords = {Open innovation, Project management, R\\&D collaboration, R\\&D project},\n\tfile = {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}\n}\n\n","author_short":["Du, J.","Leten, B.","Vanhaverbeke, W."],"key":"du_managing_????","id":"du_managing_????","bibbaseid":"du-leten-vanhaverbeke-managingopeninnovationprojectswithsciencebasedandmarketbasedpartners","role":"author","urls":{"Paper":"http://www.sciencedirect.com/science/article/pii/S0048733313002278"},"keyword":["Open innovation","Project management","R&D collaboration","R&D project"],"downloads":0},"search_terms":["managing","open","innovation","projects","science","based","market","based","partners","du","leten","vanhaverbeke"],"keywords":["open innovation","project management","r&d collaboration","r&d project"],"authorIDs":[],"dataSources":["Bn7xRaKMY43f7hFwh"]}