Develop innovative networks and collaborations: never walk alone

DIO215 cmjnPartnerships offer opportunities to capture unique competitive advantages, by gaining scale and speed – pooling resources – and by developing unique assets – acquiring new capabilities.

DIO216 cmjnBuilding closer ties, particularly across industries, requires dealing with physical as well as cultural distance and being able to leverage innovation intermediaries, clusters and communities.

Fig_2_17Open innovation is about systematically reaching out in order to better identify, develop and/or implement innovation opportunities with partners and outsiders.

DIO214 cmjnEffectively managing innovation across corporate boundaries requires dedicated skills and capabilities, particularly regarding the identification and selection of the right partners and the design and implementation of the right partnerships.

Bibliography

Capturing unique competitive advantages from partnerships

Keywords: collaborations, combination, co-opetation, partnerships, synergies

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Building closer ties: innovation networks, communities and intermediaries

Keywords: clusters, communities, cultural distance, innomediaries, networks, structural holes, weak ties

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Open innovation: proudly-found elsewhere

Keywords: crowdsourcing, open innovation

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Managing innovation across corporate boundaries

Keywords: alliance capability, conflict resolution, contracts, deal flow, joint ventures, negotiation, scouting, transaction costs

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(c) Prof. Benoit Gailly, Louvain School of Management

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