In this chapter, Paul highlighted how ecosystems—whether business, entrepreneurial, regional, innovation, knowledge, or platform ecosystems—have become a central focus for both managers and researchers alike; the intersection of open innovation and ecosystem research, particularly across five key areas: the shift toward a post-Chandlerian innovation paradigm, the management of cross-knowledge flows across organizational boundaries, the development of interdependent business models, cooperative value creation and capture, and the challenge of profiting from innovation.
Paul emphasized how understanding the alignment of firm business models, which lies at the heart of open innovation, can provide valuable insights into the joint value creation and value capture processes that are fundamental to any innovation-related ecosystem. This chapter offers a thoughtful examination of how open innovation principles apply within the broader context of ecosystems, making it a must-read for those interested in the dynamics of collaborative innovation beyond the boundaries of a single firm.
