Competitive advantage, Open Innovation and Dynamic Capabilities: Is Sanofi Employing an Open Innovation Strategy?
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2016
- handle: 10670/1.q8mpdk
- isbn: 9781522501350
- hal: hal-01346722
- doi: 10.4018/978-1-5225-0135-0.ch006
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info:eu-repo/semantics/altIdentifier/doi/10.4018/978-1-5225-0135-0.ch006
Mots-clés
Dynamic Relational Capabilities Dynamic Capabilities Competitive Advantage High-Velocity Environments Open Innovation Strategies Organizational MemoryCiter ce document
Geoffroy Labrouche et al., « Competitive advantage, Open Innovation and Dynamic Capabilities: Is Sanofi Employing an Open Innovation Strategy? », HAL-SHS : économie et finance, ID : 10.4018/978-1-5225-0135-0.ch006
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Résumé
This chapter deals with a particular type of dynamic capability: dynamic relational capabilities. They are defined as the organisational ability of a firm to enter into successful business relationships with other actors. It is shown that these abilities, based on organisational memory, are expressed in particular through the acquisition of assets and the conclusion of partnerships/alliances. In the pharmaceutical industry, open innovation strategies are the concrete proof of such abilities. Indeed, this sector is considered to be a High-Velocity Environment characterized by a high rate of change. Such change, challenging firms’ competitive advantage, fosters the development of dynamic capabilities and open innovation strategies. These theoretical considerations are illustrated by reference to the innovation strategy adopted by the Sanofi group, particularly since 2008.