for any organisation, the Innovation is a key ingredient of success. in the entire life cycle of the company, it may innovate in different parts of their business offering at different moments in time throughout the life of the company. It can innovate: Technologies, Products, Services and Communication Elements, Processes, Organizational Structure, Competencies, etc. the degree of openness in the innovation help the employees to prepare themselves for upcoming challenges and can adjust accordingly. this will definitely help in better management control
following paper may be useful in taking the research forward
Van de Vrande, V., De Jong, J. P., Vanhaverbeke, W., & De Rochemont, M. (2009). Open innovation in SMEs: Trends, motives and management challenges. Technovation, 29(6), 423-437.
Chenhall, R. H., Kallunki, J. P., & Silvola, H. (2011). Exploring the relationships between strategy, innovation, and management control systems: The roles of social networking, organic innovative culture, and formal controls. Journal of Management Accounting Research, 23(1), 99-128.
Boudreau, K. (2010). Open platform strategies and innovation: Granting access vs. devolving control. Management Science, 56(10), 1849-1872.
Keupp, M. M., & Gassmann, O. (2009). Determinants and archetype users of open innovation. R&d Management, 39(4), 331-341.
Van de Vrande, V., De Jong, J. P., Vanhaverbeke, W., & De Rochemont, M. (2009). Open innovation in SMEs: Trends, motives and management challenges. Technovation, 29(6), 423-437.
Poskela, J., & Martinsuo, M. (2009). Management control and strategic renewal in the front end of innovation. Journal of Product Innovation Management, 26(6), 671-684.
An Empirical Study of the Influence of Formalized Management Control Systems on the Use of Open Innovation Practices by Sharlene Sheetal Narayan Biswas