Search for tag 'Innovation'

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  1. 3D printing: a laboratory for business model research

    What should established companies do when an innovative – and potentially disruptive – new technology appears on the scene? Vlerick Business School and Sirris collaborated to develop a framework linking technology and business models. When applied to the subject of 3D printers, their model led to a number of surprising insights.

  2. Looking to economise on scientific research? Bad idea.

    “Innovation policy doesn’t always place sufficient emphasis on scientific research,” according to Professor Bart Leten. “It’s often assumed that education is the main way that knowledge institutions can affect the innovative performance of local businesses.” But is that really the case? Together with two colleagues, he has shown that scientific research does indeed support industrial innovation activities.

  3. Open innovation demands a tailor-made approach

    Does open innovation really live up to our expectations? Do open innovation projects actually lead to better financial performance? “In a nutshell, yes,” replies Professor Bart Leten “provided that they are managed in the right way”. Along with two colleagues, he has published one of the first large-scale analyses of the financial profitability of open innovation projects. A distinction is made between projects undertaken in collaboration with academic partners (science-based partnerships) and those undertaken in collaboration with customers and suppliers (market-based partnerships).

  4. The effect of strategic industry factor innovation on incumbent reaction, survival and performance

    An industry is in constant evolution. Competitors, innovators, or other industry stakeholders can introduce new (hitherto ‘unknown’) resources or capabilities that increase the basis of competition in an industry. This is called strategic industry factor innovation. However, there are also strategic industry factor innovations associated with ‘known’ resources and capabilities. These new combinations of existing, ‘known’ resources and capabilities can also be difficult for incumbents to respond to.

  5. intellectual property

    Good governance of Intellectual Property positively influences the success of innovation ecosystems

    How can an IP-based orchestration model be instrumental in the success of an innovation ecosystem? Vlerick Professor Bart Leten and colleagues developed insights into this issue by studying IMEC, a nano-electronics research institute headquartered in Belgium. They discovered that the governance of IP positively influences the success of innovation ecosystems, as it determines the value appropriation potential for all of the ecosystem partners.

  6. co-creation

    Get ready for a co-creative economy

    In an increasingly dynamic marketplace – characterised by demanding customers, increased competition, and economic downturns – companies are starting to engage their customers in innovating their services and creating value. This doctoral dissertation provides insight into the conditions under which firms and their stakeholders can benefit from value co-creation. It also provides a unifying value co-creation framework and presents the implications of this framework for business practitioners who are interested in value co-creation as a customer engagement strategy.

  7. Open Services Innovation: Co-creating new services with partners and customers

    ‘Open innovation’ assumes that organisations should use external ideas as well as internal ideas to design and develop new products and services. And companies that provide services, and whose customers are very often already part of the service-creation process, are especially well-suited to reaping the benefits of the open innovation model.

  8. R&D

    How global is R&D?

    While multinational firms are increasingly internationalising their R&D activities, a major portion of corporate R&D still tends to be concentrated in a firm’s home country. Professors Bart Leten (Vlerick Business School and KU Leuven), Rene Belderbos (KU Leuven), and Shinya Suzuki (NISTEP) have examined 156 major R&D intensive firms based in Europe, the US and Japan to determine the factors that bias a company towards locating its R&D activities in its home country.

  9. Open innovation in HR

    Wanted: the people behind open innovation

    More and more businesses are opting for an open innovation strategy, where they decide to look outside their own organisation and cooperate with research centres, companies or other partners. So far, the human aspect is often overlooked. Promoting open innovation actually requires specific people management practices and an adapted business culture. So how can organisations promote open innovation with the right human elements?

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