Part of the advantages of using open innovation (compared to closed innovation) in corporate venturing can be explained by applying the real options approach. Open innovation in risk-laden activities such as corporate venturing has the following advantages: (i) benefits from early involvement in...

We review the contribution and evolution of open innovation since the publication of Chesbrough’s 2003 Open Innovation book, and suggest likely directions going forward. We link the articles of this special issue to three key trends in open innovation research: better measurement, resolving...

Henry Chesbrough and his collaborators investigate the phenomenon of 'Open Innovation', in which firms draw on research and development outside their own boundaries. The book's contributors link the practice of open innovation to the established body of innovation research, showing what's new...