Benefits and costs of open innovation: the BeCO framework

Marco Greco, Michele Grimaldi, Livio Cricelli · 2018 · Technology Analysis and Strategic Management

Summary. This study examines whether the benefits of open innovation outweigh its costs for small and medium manufacturing enterprises. The authors developed a framework identifying twelve propositions about benefits and costs of inbound and outbound open innovation. Testing this framework on 96 firms, they found that most companies experience the identified benefits and costs, but surprisingly few suffer from not-invented-here syndrome or loss of competitive advantage.

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@article{greco-2018-benefits-costs-open-innovation-beco,
  title   = {Benefits and costs of open innovation: the BeCO framework},
  author  = {Marco Greco and Michele Grimaldi and Livio Cricelli},
  journal = {Technology Analysis and Strategic Management},
  year    = {2018},
  doi     = {10.1080/09537325.2018.1484442},
  url     = {https://doi.org/10.1080/09537325.2018.1484442}
}

TY  - JOUR
TI  - Benefits and costs of open innovation: the BeCO framework
AU  - Marco Greco
AU  - Michele Grimaldi
AU  - Livio Cricelli
JO  - Technology Analysis and Strategic Management
PY  - 2018
DO  - 10.1080/09537325.2018.1484442
UR  - https://doi.org/10.1080/09537325.2018.1484442
ER  - 

Details

DOI

10.1080/09537325.2018.1484442

Countries

Italy

Regions

Europe

Categories

innovation-theory, entrepreneurship, general-innovation

Added

2026-04-28