Information management for innovation networks—an empirical study on the “who, what and how” in networked innovation
Publication Year: 2016
Journal: International Journal of Information Management
Innovation networks are vital in advancing new product and service development. Particularly for small and medium-sized enterprises, partnering within innovation networks allows to enlarge innovation capabilities and to reach new markets. In order to create effective innovation networks, however, firms are required to adapt to the network. To do so, they must overcome three principal challenges: they need to build partnerships, integrate the partners’ value contributions, and coordinate innovation processes. We followed three innovation networks over a three-year period and examined how they successfully used information systems (IS) to respond to these challenges. On the basis of their experiences we identify IS categories and measures that support setting up an information management for networked innovation. We explicate relevant tasks for managing the aspects of “who, what and how” in networked innovation.