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Sustainability 2017, 9(8), 1423; doi:10.3390/su9081423

Dismantling of the Inverted U-Curve of Open Innovation

1
Daegu Gyeongbuk Institute of Science and Technology (DGIST), 333, Techno Jungang Daero, Hyeonpung-Myeon, Dalseong-Gun, Daegu 42988, Korea
2
Korea Institute of Science and Technology Information (KISTI), 66, Hoegi-ro, Dongdaemun-gu, Seoul 02456, Korea
3
Department of Business Administration, Sangji University, 83 Sangjidae-gil, Wonju, Gangwon 26339, Korea
4
School of Civil Engineering and Built Environment, Queensland University of Technology (QUT), 2 George Street, Brisbane, QLD 4001, Australia
*
Author to whom correspondence should be addressed.
Received: 3 July 2017 / Revised: 4 August 2017 / Accepted: 9 August 2017 / Published: 11 August 2017
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Abstract

The purpose of this study is to address the following research question: What is the relationship between open innovation and firm performance? The study built up a research framework with three factors—i.e., open innovation strategy, time scope, and industry condition—to find out the concrete open innovation effects on firm performance. This study adopted four different research methods. Firstly, we applied the aforementioned factors to a game of life simulation in order to identify the concrete differences of open innovation effects on firm performance. Secondly, the study examined the real dynamics of open innovation effects on firm performance in the aircraft industry—one of the oldest modern industries—through a quantitative patent analysis. It then looked into the effects of major factors that impact open innovation effects. Thirdly, this study developed a mathematical model and tried to open the black box of open innovation effects on firm performance. Lastly, the study logically compiled research on open innovation effects on firm performance through the presentation of a causal loop model and derived the possible implications. View Full-Text
Keywords: open innovation; simulation; game of life; inverted U-curve; mathematical modeling; aircraft industry open innovation; simulation; game of life; inverted U-curve; mathematical modeling; aircraft industry
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Yun, J.J.; Won, D.; Jeong, E.; Park, K.; Lee, D.; Yigitcanlar, T. Dismantling of the Inverted U-Curve of Open Innovation. Sustainability 2017, 9, 1423.

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