Let’s talk about innovation : Is there a hidden potential of knowledge exchange between open innovation and IMP?

Purpose IMP researchers have shown interest in how innovations result from interaction among companies, while, and in parallel, there has been an increased focus on open innovation (OI) during the past decade. OI depicts how companies source, spin-out, and collaborate on innovation. This paper describes and discusses whether and how IMP and OI researchers acknowledge and build on each other’s work; and whether and how ideas provided by IMP and OI, respectively, create a fit to expand the exchange of knowledge between IMP and OI. Design/methodology/approach The paper is based on a citation analysis focussing on whether the OI literature refers to IMP research, and whether or not the IMP literature refers to OI research. The paper also compares OI and IMP to discover potentials for knowledge exchange between them through discussing similarities, complementarities, and contradictions. Findings The paper points out that while IMP researchers have started to show interest in OI, OI research does not refer to IMP. As such, OI research remains more company-centric in its discussions. IMP provides tools and models to capture the OI phenomenon specifically related to collaborative OI, while OI offers interesting thought for the capture of transaction-based innovation processes and their management. Originality/value The paper contributes to previous research through linking together OI and IMP research. This is important for several reasons, including the ability to enhance knowledge in each domain, critically discuss and relate various research domains and their underpinnings, and expand ideas developed in one research domain to another.