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Publication type
Journal article with impact factorPublication Year
2010Journal
Technological forecasting and social changePublication Volume
77Publication Issue
2Publication Begin page
335Publication End page
343
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The explosive growth of the Internet has led to a dramatic increase in data sources for (competitive) technology intelligence. Appropriate implementation and use of IT tools to gather and analyze these data is of key importance for the creation of actionable technology intelligence. A strategy to optimize investments in the identified technologies becomes of paramount importance if an organization wants to match knowledge and ideas originating from outside of the organization with internal core competences. Such a strategy can create competitive advantage by effectively linking technology intelligence to open innovation. We show how VIB, a life sciences research organization, has established technology intelligence processes to identify a multitude of external technologies of interest, which are subsequently “probed” for their potential and fit with VIB using real options reasoning, thereby supporting open innovation. Our methodology may be useful for other organizations which are considering implementing open innovation approaches.Keyword
Technology Intelligence, Open Innovation, Life Sciences, Real Options Reasoning, Technology RadarKnowledge Domain/Industry
Operations & Supply Chain ManagementInnovation Management
Digital Transformation
ae974a485f413a2113503eed53cd6c53
10.1016/j.techfore.2009.09.003