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Innovation governance for value capture: the problem and a proposed simple model-based solution

Research output: Contribution to Journal/MagazineJournal articlepeer-review

  • Andreas P. Panagopoulos
  • Christos Pitelis
<mark>Journal publication date</mark>2009
<mark>Journal</mark>International Journal of Strategic Change Management
Issue number3
Number of pages15
Pages (from-to)171-185
Publication StatusPublished
<mark>Original language</mark>English


We aim to model the 'optimal' choice on internal vs. external innovation for value capture of different-sized firms, in the context of multilevel bargaining. We find that size differentials are a major determinant for the choice in hand. We derive implications for 'closed' vs. 'open' innovation approaches, and we discuss managerial practice, limitations and possible extensions.