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Competitive Advantage, Open Innovation, and Dynamic Capabilities: Is Sanofi Employing an Open Innovation Strategy?
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Author(s): Geoffroy Labrouche (IEP de Toulouse, France)and Med Kechidi (Université Toulouse Jean-Jaurès, France)
Copyright: 2016
Pages: 25
Source title:
Handbook of Research on Driving Competitive Advantage through Sustainable, Lean, and Disruptive Innovation
Source Author(s)/Editor(s): Latif Al-Hakim (University of Southern Queensland, Australia), Xiaobo Wu (Zhejiang University, China), Andy Koronios (University of South Australia, Australia)and Yongyi Shou (Zhejiang University, China)
DOI: 10.4018/978-1-5225-0135-0.ch006
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Abstract
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.
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