{"title":"Open innovation and the comparison between startups and incumbent firms in Spain","authors":"Elena M. Gimenez-Fernandez, Karin Beukel","doi":"10.3232/UBR.2017.V14.N3.01","DOIUrl":null,"url":null,"abstract":"This study compares the open innovation strategy between startups and incumbent firms over a period of ten years (2004-2013). Using a sample of startups and incumbent Spanish firms, we find that they differ considerably, and that this has implications for management. Incumbent firms and startups differ in terms of their use of external cooperation activities as a source of innovation. The lack of financial and human resources of startups leads them to open their borders more than incumbent firms, and startups benefit from being flexible, as they have yet to implement routines. This boosts startups’ innovation performance.","PeriodicalId":40416,"journal":{"name":"UCJC Business and Society Review","volume":"1 1","pages":"18-33"},"PeriodicalIF":0.5000,"publicationDate":"2017-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"11","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"UCJC Business and Society Review","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.3232/UBR.2017.V14.N3.01","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"BUSINESS","Score":null,"Total":0}
引用次数: 11
Abstract
This study compares the open innovation strategy between startups and incumbent firms over a period of ten years (2004-2013). Using a sample of startups and incumbent Spanish firms, we find that they differ considerably, and that this has implications for management. Incumbent firms and startups differ in terms of their use of external cooperation activities as a source of innovation. The lack of financial and human resources of startups leads them to open their borders more than incumbent firms, and startups benefit from being flexible, as they have yet to implement routines. This boosts startups’ innovation performance.
期刊介绍：
UCJC Business & Society Review (UCJC BSR - ISSN 2659-3270) (formerly known as Universia Business Review) peer-reviewed and published quarterly, is committed to publishing scholarly empirical and theoretical research articles that have from an interdisciplinary approach a high impact on understanding the intersections of business, economy and society. UCJC BSR invites scholars and practitioners from every single domain in Social Sciences to share their analyses and perspectives to solve current, relevant and complex problems of our Societies and Economies such as Digital Transformation, Entrepreneurial Innovation Waves, Climate Change, Labor Migrations or Urban Concentrations among many others.
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