New Taxonomy for Corporate Open Innovation Initiatives

Best Practices and an Empirical Validation among Germany's 500 Biggest Companies

New Taxonomy for Corporate Open Innovation Initiatives

Best Practices and an Empirical Validation among Germany's 500 Biggest Companies

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Academic literature used to lack a taxonomy regarding the types of repeatable structures and approaches that incumbent companies can use in order to deal with frequently business model threatening open innovation developments - threats that are often facilitated by start-up companies. The course of investigation provides a clustering taxonomy for these structures, so-called: corporate open innovation initiatives. Subsequently, the validity is tested by an in-depth analysis of Germany's 500 biggest companies along with 50 biggest banks and 30 biggest insurances. Furthermore, multiple case studies with industry experts show applicable management's best practices. Finally, a management framework is developed, which aims to be a summarizing tool for practitioners and researchers in order to define a suitable corporate strategy for creating an own corporate open innovation initiative.

During his doctoral studies Dr. Tim Blume worked as a research assistant and lecturer in private equity at the EBS Universität für Wirtschaft und Recht, Wiesbaden, Germany.

1;Contents;6 2;List of Figures and Tables;10 3;List of Abbreviations;13 4;1 Introduction;14 4.1;1.1 Problem Statement;14 4.2;1.2 Structure of the Dissertation;17 5;2 Conceptual Basis and Status Quo of Research;19 5.1;2.1 Definition of Corporate Open Innovation Initiatives;19 5.2;2.2 Theoretical Framework & Status Quo of Research;19 5.2.1;2.2.1 Literature Review;19 5.2.1.1;2.2.1.1 Strategic Theory of the Firm;20 5.2.1.1.1;2.2.1.1.1 Resource-Based View;20 5.2.1.2;2.2.1.2 Open Innovation;21 5.2.1.3;2.2.1.3 Corporate Venturing;22 5.2.1.4;2.2.1.4 Corporate Entrepreneurship;23 5.2.1.5;2.2.1.5 Radical Innovation;24 5.2.1.6;2.2.1.6 Management Fashion;24 5.2.1.7;2.2.1.7 Incubator Literature Stream;25 5.2.1.8;2.2.1.8 Science Park Literature Stream;26 5.3;2.3 Research Gap;27 5.4;2.4 Research Questions;33 5.5;2.5 Research Approach;34 6;3 Taxonomy Development;36 6.1;3.1 Corporate Business Lab;36 6.2;3.2 Corporate Business Incubator;37 6.3;3.3 Corporate Business Accelerator;39 6.4;3.4 Corporate Venture Capital;41 6.5;3.5 Corporate Business Hub;44 6.6;3.6 Clustering Taxonomy Matrix for Corporate Open Innovation;45 7;4 Test for Validity of the Taxonomy Matrix Within the German Market;49 7.1;4.1 Corporate Open Innovation Initiatives Among Germany's Biggest Companies;49 7.2;4.2 Application of the Taxonomy for the Identified Initiatives;51 7.3;4.3 Evaluation of Results;55 8;5 Managing Corporate Open Innovation Initiatives: An Explorative Case Study Approach within the German Market;68 8.1;5.1 Case Study Design;68 8.2;5.2 Derivation of Questionnaire Questions;69 8.3;5.3 Selection of Interview Partners;89 8.3.1;5.3.1 Corporate Business Labs;91 8.3.1.1;5.3.1.1 Burda Bootcamp by Hubert Burda Media Holding GmbH & Co. KG;91 8.3.1.2;5.3.1.2 WATTx GmbH by Viessmann Werke GmbH & Co. KG;91 8.3.1.3;5.3.1.3 Corporate Business Lab of a Stock-listed Bank from Germany;92 8.3.2;5.3.2 Corporate Business Incubators;92 8.3.2.1;5.3.2.1 Corporate Business Incubator of a Stock-listed Bank from Germany;93 8.3.2.2;5.3.2.2 Incubator of a Stock-listed Telecommunication Company from Germany;93 8.3.3;5.3.3 Corporate Business Accelerators;93 8.3.3.1;5.3.3.1 ProSiebenSat.1 Accelerator GmbH by ProSiebenSat.1 Media SE;94 8.3.3.2;5.3.3.2 Metro Accelerator by Metro AG;94 8.3.4;5.3.4 Corporate Venture Capitalists;94 8.3.4.1;5.3.4.1 SevenVentures GmbH by ProSiebenSat.1 Media SE;95 8.3.4.2;5.3.4.2 TRUMPF Venture GmbH by Trumpf GmbH & Co. KG;95 8.3.5;5.3.5 Corporate Business Hubs;96 8.3.5.1;5.3.5.1 Corporate Business Hub of a Stock-listed Industrial Manufacturing Conglomerate Company from Germany;96 8.3.5.2;5.3.5.2 Corporate Business Hub of a Stock-listed Aviation Transport and Logistics Company from Germany;97 8.3.5.3;5.3.5.3 Corporate Business Hub of a Stock-listed Energy Production and Distribution Company from Germany;97 8.3.5.4;5.3.5.4 Corporate Business Hub of a Stock-listed Specialty Chemicals Production Company from Germany;98 8.4;5.4 Evaluation Methods;98 8.5;5.5 Case Study Results: Derivation of Assumptions;100 8.5.1;5.5.1 Corporate Business Labs;100 8.5.1.1;5.5.1.1 Incumbent's Motivation;100 8.5.1.2;5.5.1.2 Location & Working Environment Within the Initiative;104 8.5.1.3;5.5.1.3 Venture Target Selection;110 8.5.1.4;5.5.1.4 Investment Period;115 8.5.1.5;5.5.1.5 Financing Strategies;120 8.5.1.6;5.5.1.6 Management's Best Practices;124 8.5.2;5.5.2 Corporate Business Incubators;132 8.5.2.1;5.5.2.1 Incumbent's Motivation;132 8.5.2.2;5.5.2.2 Location & Working Environment Within the Initiative;135 8.5.2.3;5.5.2.3 Venture Target Selection;139 8.5.2.4;5.5.2.4 Investment Period;142 8.5.2.5;5.5.2.5 Financing Strategies;145 8.5.2.6;5.5.2.6 Management's Best Practices;149 8.5.3;5.5.3 Corporate Business Accelerators;153 8.5.3.1;5.5.3.1 Incumbent's Motivation;153 8.5.3.2;5.5.3.2 Location & Working Environment Within the Initiative;157 8.5.3.3;5.5.3.3 Venture Target Selection;162 8.5.3.4;5.5.3.4 Investment Period;166 8.5.3.5;5.5.3.5 Financing Strategies;170 8.5.3.6;5.5.3.6 Management's B
ISBN 9783658273491
Artikelnummer 9783658273491
Medientyp E-Book - PDF
Copyrightjahr 2019
Verlag Springer Gabler
Umfang 283 Seiten
Sprache Englisch
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