Abstract
The involvement of firms in innovation cooperation with different partners has become a widespread phenomenon in the contemporary business landscape. Our paper provides a review of extant alliance, innovation, open innovation and inter-firm collaboration literature and organizes it based on a conceptual framework featuring three levels of analysis: (a) the dyadic level, (b) the network level, and (c) the location level. The article identifies roadmaps in each of these areas and also highlights existing gaps in the present understanding of innovation cooperation. Thereby, it outlines a research agenda by identifying key research questions and issues in the areas where further research is needed and encouraged.
Highlights
Riskier and more complex product development processes, globalization of economies and the demand for increasingly innovative services and products have increased the pressure on firms to enhance their innovativeness [1,2,3]
Announcement of open innovation alliances (OIAs) will result in positive abnormal stock returns for the rival firms that compete with the firms participating in OIAs
Within a relatively well-developed research strand devoted to alliance portfolios has first of all addressed the role of diversity in networks of innovation cooperation [63,64,65]
Summary
Riskier and more complex product development processes, globalization of economies and the demand for increasingly innovative services and products have increased the pressure on firms to enhance their innovativeness [1,2,3]. Fisher and Bogers [14] indicate that open innovation is a topical issue which includes themes such as cooperation networks and alliances Such collaborative arrangements are very complex to manage successfully [15], partly because of the difficulty of matching the goals and aspirations of autonomous organizations, often headquartered in two or more countries [16]. Such collaborations have different motives, resources and capabilities of the involved parties, varying access to knowledge, organizational structures and cultures, and degrees of competition with partners, which can affect different aspects of the performances of innovation cooperation [17,18,19,20,21]. We introduce a set of detailed proposals for future research
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