Digital Innovation, Entrepreneurship and New Business Models

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Paper Type

Complete

Paper Number

1117

Description

How can formal organizations and open communities engage in mutually beneficial relationships? We develop a framework that explains how an open community’s engagement with a formal organization can be mutually beneficial to both in the long-term. We theorize how a symbiotic relationship between open communities and formal organizations can be forged by nurturing various forms of capital flow between them as well as creating virtuous feedback loops within and across each other’s capital creation systems. The framework has implications for understanding innovation in ecosystems and networked economies.

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Dec 14th, 12:00 AM

Open Communities and Formal Organizations: A Symbiosis View

How can formal organizations and open communities engage in mutually beneficial relationships? We develop a framework that explains how an open community’s engagement with a formal organization can be mutually beneficial to both in the long-term. We theorize how a symbiotic relationship between open communities and formal organizations can be forged by nurturing various forms of capital flow between them as well as creating virtuous feedback loops within and across each other’s capital creation systems. The framework has implications for understanding innovation in ecosystems and networked economies.

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