Connecting absorptive capacity and open innovation
نویسنده
چکیده
Open innovation and absorptive capacity are two popular concepts in contemporary innovation management literature. To our knowledge, they never have been connected to each other in a systematic way although it is straightforward that firms' absorptive capacity, as it has been defined by Cohen and Levinthal (1990), determines their ability to in-source externally developed technology or ideas. In this paper, we tie these two concepts to each other and demonstrate how the recent insights about technology markets (Arora et al., 2001) and open innovation can advance our understanding of absorptive capacity.
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