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New Taxonomy for Corporate Open Innovation Initiatives Best Practices and an Empirical Validation among Germany's 500 Biggest Companies

:	Tim Blume
:	New Taxonomy for Corporate Open Innovation Initiatives Best Practices and an Empirical Validation among Germany's 500 Biggest Companies
:	Springer Gabler
:	9783658273491
:	1
:	CHF 47.50
:

:	Betriebswirtschaft
:	English

:	283
:	Wasserzeichen/DRM
:	PC/MAC/eReader/Tablet
:	PDF

Academic literature used to lack a taxonomy regarding the types of repeatable structures and approaches that incumbent companies can use in order to deal with frequently business model threatening open innovation developments - threats that are often facilitated by start-up companies. The course of investigation provides a clustering taxonomy for these structures, so-called:corporate open innovation initiatives.Subsequently, the validity is tested by an in-depth analysis of Germany's 500 biggest companies along with 50 biggest banks and 30 biggest insurances. Furthermore, multiple case studies with industry experts show applicable management's best practices. Finally, a management framework is developed, which aims to be a summarizing tool for practitioners and researchers in order to define a suitable corporate strategy for creating an own corporate open innovation initiative.

During his doctoral studies Dr. Tim Blume worked as a research assistant and lecturer in private equity at the EBS Universität für Wirtschaft und Recht, Wiesbaden, Germany.

	Contents	6
	List of Figures and Tables	10
	List of Abbreviations	13
	1 Introduction	14
	1.1 Problem Statement	14
	1.2 Structure of the Dissertation	17
	2 Conceptual Basis and Status Quo of Research	19
	2.1 Definition of Corporate Open Innovation Initiatives	19
	2.2 Theoretical Framework	19
	19	19
	2.2.1 Literature Review	19
	2.2.1.1 Strategic Theory of the Firm	20
	2.2.1.1.1 Resource-Based View	20
	2.2.1.2 Open Innovation	21
	2.2.1.3 Corporate Venturing	22
	2.2.1.4 Corporate Entrepreneurship	23
	2.2.1.5 Radical Innovation	24
	2.2.1.6 Management Fashion	24
	2.2.1.7 Incubator Literature Stream	25
	2.2.1.8 Science Park Literature Stream	26
	2.3 Research Gap	27
	2.4 Research Questions	33
	2.5 Research Approach	34
	3 Taxonomy Development	36
	3.1 Corporate Business Lab	36
	3.2 Corporate Business Incubator	37
	3.3 Corporate Business Accelerator	39
	3.4 Corporate Venture Capital	41
	3.5 Corporate Business Hub	44
	3.6 Clustering Taxonomy Matrix for Corporate Open Innovation	45
	4 Test for Validity of the Taxonomy Matrix Within the German Market	49
	4.1 Corporate Open Innovation Initiatives Among Germany’s Biggest Companies	49
	4.2 Application of the Taxonomy for the Identified Initiatives	51
	4.3 Evaluation of Results	55
	5 Managing Corporate Open Innovation Initiatives: An Explorative Case Study Approach within the German Market	68
	5.1 Case Study Design	68
	5.2 Derivation of Questionnaire Questions	69
	5.3 Selection of Interview Partners	89
	5.3.1 Corporate Business Labs	91
	5.3.1.1 Burda Bootcamp by Hubert Burda Media Holding GmbH	91
	91	91
	5.3.1.2 WATTx GmbH by Viessmann Werke GmbH	91
	91	91
	5.3.1.3 Corporate Business Lab of a Stock-listed Bank from Germany	92
	5.3.2 Corporate Business Incubators	92
	5.3.2.1 Corporate Business Incubator of a Stock-listed Bank from Germany	93
	5.3.2.2 Incubator of a Stock-listed Telecommunication Company from Germany	93
	5.3.3 Corporate Business Accelerators	93
	5.3.3.1 ProSiebenSat.1 Accelerator GmbH by ProSiebenSat.1 Media SE	94
	5.3.3.2 Metro Accelerator by Metro AG	94
	5.3.4 Corporate Venture Capitalists	94
	5.3.4.1 SevenVentures GmbH by ProSiebenSat.1 Media SE	95
	5.3.4.2 TRUMPF Venture GmbH by Trumpf GmbH	95
	95	95
	5.3.5 Corporate Business Hubs	96
	5.3.5.1 Corporate Business Hub of a Stock-listed Industrial Manufacturing Conglomerate Company from Germany	96
	5.3.5.2 Corporate Business Hub of a Stock-listed Aviation Transport and Logistics Company from Germany	97
	5.3.5.3 Corporate Business Hub of a Stock-listed Energy Production and Distribution Company from Germany	97
	5.3.5.4 Corporate Business Hub of a Stock-listed Specialty Chemicals Production Company from Germany	98
	5.4 Evaluation Methods	98
	5.5 Case Study Results: Derivation of Assumptions	100
	5.5.1 Corporate Business Labs	100
	5.5.1.1 Incumbent’s Motivation	100
	5.5.1.2 Location	100
	104	100
	5.5.1.3 Venture Target Selection	110
	5.5.1.4 Investment Period	115
	5.5.1.5 Financing Strategies	120
	5.5.1.6 Management’s Best Practices	124
	5.5.2 Corporate Business Incubators	132
	5.5.2.1 Incumbent’s Motivation	132
	5.5.2.2 Location	132
	135	132
	5.5.2.3 Venture Target Selection	139
	5.5.2.4 Investment Period	142
	5.5.2.5 Financing Strategies	145
	5.5.2.6 Management’s Best Practices	149
	5.5.3 Corporate Business Accelerators	153
	5.5.3.1 Incumbent’s Motivation	153
	5.5.3.2 Location	153
	157	153
	5.5.3.3 Venture Target Selection	162
	5.5.3.4 Investment Period	166
	5.5.3.5 Financing Strategies	170
	5.5.3.6 Management’s Best Practices	174
	5.5.4 Corporate Venture Capitalists	180
	5.5.4.1 Incumbent’s Motivation	180
	5.5.4.2 Location	180
	184	180
	5.5.4.3 Venture Target Selection	187
	5.5.4.4 Investment Period	191
	5.5.4.5 Financing Strategies	195
	5.5.4.6 Management’s Best Practices	199
	5.5.5 Corporate Business Hubs	203
	5.5.5.1 Incumbent’s Motivation	203
	5.5.5.2 Location	203
	210	203
	5.5.5.3 Venture Target Selection	215
	5.5.5.4 Investment Period	220
	5.5.5.5 Financing Strategies	224
	5.5.5.6 Management’s Best Practices	228
	5.5.6 Concluding Frameworks	228
	236	228
	6 Development of Taxonomy Management Framework for Corporate Open Innovation Initiatives	244
	6.1 External Environment	244
	6.2 Open Innovation Environment	246
	6.3 Taxonomy Framework for Corporate Open Innovation Initiatives	249
	7 Conclusion	253
	7.1 Common Managerial	253
	253	253
	7.2 Limitations	253
	256	253
	7.3 Directions of Future Research	258
	Reference List	260
	Appendix	273