What is New About 'Openness'? Implications for Value Creation and Value Capture

The goal of this panel symposium is to encourage a debate among a diverse group of organization scholars on how firms’ increasing levels of interactions with external stakeholders are balanced against maintaining sovereignty and control of firm inputs, processes and outcomes. We refer to this tension as the openness vs. sovereignty dilemma, and treat it as a starting point for promoting a discussion about the broader implications of openness for modifying existing frameworks, or generating new theories that explain and predict alternative pathways through which firms create and capture value.