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date: 25 October 2020

Abstract and Keywords

This article provides an overview of the literature on the management of open innovation. Elaborating on what exactly ‘open’ innovation comprises, this article integrates efforts by scholars who have studied this topic from a variety of perspectives. In doing so this article highlights that despite the virtues of openness having been stressed by much of the literature in this field, many companies still struggle to be successful with their open innovation strategies. A big question therefore for both theory and practice is under which contingencies openness is beneficial, and the article reviews internal and external factors that shape the rewards companies can derive. This results in a number of theoretical and managerial implications and suggestions for avenues of future research.

Keywords: open innovation, contingencies, openness

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