specific needs of targeted markets. All these developments are leading to the “globalization of innovation”. Based on recent … reference model for chances and challenges of global innovation activities. …

of the firm with regard to IP transactions in which firms are involved when pursuing open innovation.We argue that the … innovation) to support firms managing transactions. Following the notion of Stigler (1951) and North (1996), the emergence of … TMIs as organizational innovation has an impact on the way how transactions were 'traditionallymanaged and thus creates an …