This chapter aims to discuss the relevance of control, initially stemming from the management accounting field, and its transition into the realm of innovation strategic management. It examines control perspectives, shifting from the intra-organizational level (cf. closed innovation paradigm) to the inter-organizational level (cf. open innovation paradigm), highlighting changes in dynamics and complexity. By analysing these elements, the chapter provides insights into the control mechanisms shaping innovation processes and influencing their success, while underscoring the increasing importance of effective collaboration management in the contemporary innovation landscape. Effective management control practices in collaborative innovation are discussed in detail requires strategically balancing various control elements to foster successful collaborations and achieve desired innovation outcomes.