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Open innovation, strategic foresight, and business models

Authors: Matricano Diego; Candelo Elena;

Open innovation, strategic foresight, and business models

Abstract

International debate about the nature of Open Innovation Processes – OIPs is increasing more and more. Management scholars, who refer to empirical evidences or just propose theoretical contributions, dispute whether OIPs can be included among R&D or marketing activities. In the former case, companies exploit science-based relationships; in the latter, companies take advantage of market-based relationships.Moreover, from an OIP launched by Fiat Chrysler Automobiles – FCA, it seems that another option can emerge. The single case study rebuilt and presented in the present paper, discloses that FCA has launched an OIP involving young millennials in order to foresee “the car of the future, the future of the car”. By asking questions about their needs and technology or distinctive competenciesto be used in order to satisfy the above needs, the company has tried to develop strategic foresight in order to identify new, disruptive ways of facing competition. As a result, besides an R&D or a marketing activity, OIPs might also be considered a strategic planning activity directed to foresee new business models. Despite some limitations (mainly the reference to the methodology of a single case study), some speculations about the relevance of OIPs in strategic foresight are offered in the present paper.

Country
Italy
Keywords

Automotive industry, Open Innovation Processes, R&D, Marketing, Strategic Planning, New Business Model.

  • BIP!
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    This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    0
    popularity
    This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
    Average
    influence
    This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
    Average
    impulse
    This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
    Average
Powered by OpenAIRE graph
Found an issue? Give us feedback
selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
0
Average
Average
Average
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