Absorbing In-Bound Knowledge Within Open Innovation Processes
The Emerald Insight website posted a study which investigated the way companies involved in Open Innovation Processes routinize the procedure through which they can absorb in-bound knowledge, using a case study of Fiat Chrysler. In-bound knowledge passes through the phases of acquisition, assimilation, transformation and exploitation. Thus, companies need to define mechanisms and paths – related to their potential and realized absorptive capacity –to manage and exploit it. To routinize the procedure of absorbing in-bound knowledge, Fiat Chrysler settled specific mechanisms and paths and established some bottlenecks over the process of acquisition, assimilation, transformation and exploitation of in-bound knowledge. These mechanisms and path, as well as these bottlenecks, are identified and described in the paper.
Click here to read the abstract of the article.