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This chapter develops a conceptual understanding on open strategy through a systematic literature review. With a sample of 148 publications, the authors examine the key debates in the field of open strategy and identify a number of limitations such as an excessive definitional focus and a lack of distinct empirical analysis of research in the field. The author’s analysis clarifies open strategy by classifying its main characteristics and harnessing the different aspects together in a comprehensive definition. In doing so, the authors examine how the underpinnings of open strategy can be conceptualized in order to provide a research agenda for how future empirical investigations into open strategy could progress our understanding of an evolving practice.

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