%0 Journal Article %J Technology Innovation Management Review %D 2015 %T Innovation on the Open Sea: Examining Competence Transfer and Open Innovation in the Design of Offshore Vessels %A Odd Jarl Borch %A Marina Z. Solesvik %K Arctic %K cooperative design %K core competencies %K offshore operations %K Open innovation %K shipbuilding %X In this article, we discuss the role of open innovation in collaborative design processes in mature industries such as the shipping industry. We examine the design of high-tech offshore service vessels in environments characterized by high volatility and complexity. We elaborate on the role that accumulating and sharing core competences plays in speeding up the innovation process and increasing product value. We present a longitudinal case study of a shipping company implementing an open innovation approach that integrates its own core competences in offshore operations with the competences of ship designers and ship builders to develop a new design for challenging environments. In this article, we draw on an open innovation approach and a competence-based view to demonstrate how the firm can "reach out" to gain novel competences related to innovation, which may transform the competitive environment to the firm’s advantage. The article would be useful to innovation scholars and practitioners who work with innovative product development. %B Technology Innovation Management Review %I Talent First Network %C Ottawa %V 5 %P 17-22 %8 09/2015 %G eng %U http://timreview.ca/article/926 %N 9 %1 University of Nordland Odd Jarl Borch is a Professor of Strategy and Business Development at the University of Nordland in Bodø, Norway, and he is a Senior Researcher at Nordland Research Institute, also in Bodø. His research fields include corporate strategy, business development, innovation and entrepreneurship. Odd Jarl has published extensively in national and international journals and has broad teaching experience in addition to his comprehensive academic writings. %2 Stord/Haugesund University College Marina Z. Solesvik is a Professor of Innovation and Management at the Stord/Haugesund University College in Norway. She also holds part-time positions in Norway as Professor at the University of Tromsø, the University of Nordland, and Bergen University College. She is a board member at several Norwegian firms and organizations, including the National Riksteatret in Oslo. Marina holds a PhD in Management from the Graduate Business School at the University of Nordland and a PhD in Entrepreneurship from the Institute of Agrarian Economy in Kiev, Ukraine. Her research interests include regional innovation, open innovation, maritime business, entrepreneurial intentions, female entrepreneurship, strategic alliances, and Arctic research. %R http://doi.org/10.22215/timreview/926