Open Innovation: Tensions between Value Creation and Value Capture?

Abstract

The purpose of this symposium is to bring scholars together to discuss potential tensions between value creation and value capture in the context of open innovation. While value creation generally benefits from openness, successful commercialization and value capture often requires protection. Hence, a key question motivating this symposium is: How can firms create value from open innovation while simultaneously addressing risks to value capture? In order to address this question this symposium suggests different approaches and strategies that can help firms in resolving these tensions. In particular, we focus on appropriation strategies (intellectual property and contracts), selective revealing, and business models as three concrete approaches for managing and resolving tensions between value creation and value capture in the context of open innovation.