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Orchestrating an Open Innovation Ecosystem in low-tech industries: the case of Barilla's Blu1877.
- Source :
-
Technology Analysis & Strategic Management . Nov2024, Vol. 36 Issue 11, p3712-3727. 16p. - Publication Year :
- 2024
-
Abstract
- The study explores Open Innovation practices adopted by large firms in low- and medium-technology industries to foster innovation when the integration of distant knowledge from far scientific and technological fields is required. The study performs an explanatory single case study methodology. It focuses on the Italian food producer Barilla and its Blu1877 corporate venture capital fund to explore innovations in the food and agri-tech domains. It emerges that, with the intent to create and orchestrate an Open Innovation Ecosystem, Barilla moves across two main trajectories: (i) the search for external knowledge and expansion of network for new markets and technology exploration, and (ii) the support and mentorship of innovative start-ups that explore and develop novel ideas and technologies. The resulting Open Innovation Ecosystem has become the locus where innovations are developed by sharing knowledge, competencies, and capabilities among diverse actors and where companies can promote a transition toward the opening of their organisational boundaries. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 09537325
- Volume :
- 36
- Issue :
- 11
- Database :
- Academic Search Index
- Journal :
- Technology Analysis & Strategic Management
- Publication Type :
- Academic Journal
- Accession number :
- 180359054
- Full Text :
- https://doi.org/10.1080/09537325.2023.2222182