抄録
This paper argues that Open Innovation is effective for value creation but not for value capture. Open Innovation has become a popular concept for management experts. It is appropriate to create value through adopting new technologies quickly with low cost. However, it is possible that firms that employ Open Innovation strategies cannot make sufficient differentiation. Therefore, even when firms introduce excellent products with good quality at reasonable price utilizing Open Innovation strategy, they often cannot create sufficient profit due to excessive competition. This paper also discusses conditions, with which firms may be able to capture value with Open Innovation.
