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An Investigation into the Performance of an Ambidextrously Balanced Innovator and Its Relatedness to Open Innovation

1
School of Business, Chungnam National University, Daejeon 34134, Korea
2
Department of Business Administration, Hallym University, Chuncheon 24252, Korea
*
Author to whom correspondence should be addressed.
J. Open Innov. Technol. Mark. Complex. 2019, 5(2), 23; https://doi.org/10.3390/joitmc5020023
Received: 13 March 2019 / Revised: 8 April 2019 / Accepted: 9 April 2019 / Published: 15 April 2019
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Abstract

This study investigated the relationship between open innovation and the radicalness of innovation. The balance between radical and incremental innovation is an essential part of the ambidextrous use of explorative and exploitative strategies, and this study assumed that open innovation is usually interlinked with explorative strategies and is thus related to radical innovation performance. Accordingly, following an empirical investigation, we demonstrate that the balance of open innovation firms is slightly skewed toward explorative radical innovation. Using the Korean version of the community innovation survey, we show that the relative radicalness that is projected on innovation output exhibits an inverted-U curve. Furthermore, the curve shifts based on the level of inbound open innovation. Our results suggest that there is an ambidextrous balance between radical and incremental innovation while implementing open innovation. In addition, the research results imply that firms placing greater weight on explorative radical innovations need to consider in-depth open innovation strategies. View Full-Text
Keywords: radical innovation; inbound open innovation; ambidextrous organization radical innovation; inbound open innovation; ambidextrous organization
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Kang, S.; Hwang, J. An Investigation into the Performance of an Ambidextrously Balanced Innovator and Its Relatedness to Open Innovation. J. Open Innov. Technol. Mark. Complex. 2019, 5, 23.

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J. Open Innov. Technol. Mark. Complex. EISSN 2199-8531 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert
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