How Can a Corporation Practice Open Innovation Strategy in Orhestrating a Business Ecosystem? A Corporate Accelerator Program

Noviaristanti, S., Acur, N. and Mendibil, K. (2018) How Can a Corporation Practice Open Innovation Strategy in Orhestrating a Business Ecosystem? A Corporate Accelerator Program. In: 25th Innovation and Product Development Management Conference, Porto, Portugal, 10-13 Jun 2018,

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Abstract

This study explores how a corporation practice open innovation strategy by orchestrating its business ecosystem through a corporate accelerator programme. The corporate accelerator is an open innovation strategy and provides a unique position that could support innovation for both worlds: corporations and start-up firms. But despite its importance, corporate accelerator program and its value creation to the corporation remains poorly governed and understood. This research aims to examine the central role of the value model that a corporate accelerator develops to manage and grow a business ecosystem and how value capture-related arrangements emerge in the design of corporate accelerator programmes. We address this question by drawing on open innovation, business ecosystem and entrepreneurship concept to develop the role of corporate accelerator for innovation model. A corporate accelerator program called Indigo Creative Nation that own by Telkom Indonesia, an Indonesian state owned enterprise in telecommunication industry, was used as the case study. The emergent model defines the value creation potential for the corporation, in this way shows how it is crucial in driving succesful open innovation strategy as well as the orchestration role in business ecosystem. This study concludes that corporate accelerator has many strategic positions in enhances corporate’s innovation capabilities, increases numbers of start-ups and develops industry level business ecosystem.

Item Type:Conference Proceedings
Status:Published
Refereed:Yes
Glasgow Author(s) Enlighten ID:Acur Bakir, Dr Nuran
Authors: Noviaristanti, S., Acur, N., and Mendibil, K.
College/School:College of Social Sciences > Adam Smith Business School > Management
ISSN:1998-7374
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