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OPEN INNOVATION
In a world of knowledge spillovers, open innovation asserts that knowledge that is external to a company can be profitably exploited if matched to the firm's core competencies. According to Henry Chesbrough’s book of the same name, open innovation “is a paradigm that assumes firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology.” The basic is idea is that the boundaries between a firm and its environment have become more permeable, so innovations can transfer inward and outward. In a similar manner, unused or under-exploited internal knowledge can create revenues if properly disseminated to third parties, i.e., through licensing, joint ventures, spin-offs, etc. This topic covers that latest information on open innovation.
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Heres my candidate for the worst innovation quote ever..
For most of our history, General Mills like many other companies held our future plans, projects and products...
'Well George, we knocked the bastard off'. These were the first words of Edmund Hillary to his old friend George Low...
When I talk about celebrating innovation, I'm not talking about outcomes. I think we tend to focus too much on these...
If you've lived a while as a consultant to corporations, you've had the chance to see significant, even tectonic change...
Triggered by a couple of recent discussions, I've been pondering for a while now over the question how evolution...
Within larger organisations one of the biggest obstacles to innovation is poor internal communication.
Could an algorithm generate innovation? Christopher Steiner poses a similar question in a Wall Street Journal article...
A business that doesn't make money wonâ't be around for very long. Profits, after all, are the engine that drives...
The fastest transition from inept to adept occurs when leaders turn the topic of change on themselves.
As part of my auditing process, one of the key questions I ask is: what was the most recent innovation in your industry?
Sometimes you would be amazed at the underlying tensions that occur when you get into those discussions around the...
What do the Broadway musical Spider-Man, the Indiana Colts, and Domino's Pizza have in common? They all used the same...
Forward-thinking innovators are tapping new social technologies that enable greater collaboration and content creation,...
Is the era of innovation over? Or is the war for innovation just beginning? I came across an article in one of...
Drum roll please... At the beginning of each month we will profile the twenty posts from the previous month that...
Neil Armstrong, the first man to step on the moon died last Saturday. Overall, I was surprised at just how little...
Have you ever wondered why with all of the people trying to innovate, more innovation isnât created? Iâll give you...
Open Space Technology (OST) is an approach for hosting meetings, conferences, corporate-style retreats, symposium, and...
Do procrastinators make good innovators? At first glance, the procrastinator may not be well-suited to a structured...
Have you ever woken up in a cold sweat in the middle night from a nightmare focused on you throwing a big party that...
Open Innovation seeks to expand a company’s innovation possibilities by accessing ideas, technologies, products and...
Some time ago, Mathew Ingram of Gigaom asked in a post why it is that the NY times and other newspapers don't create...
For companies looking to navigate business challenges or expand in new directions or categories, an often overlooked...
Top Sources: Open Innovation
- business-strategy-innovation.com
- innovationexcellence.com
- inventionmachine.com
- BusinessWeek
- fastcompany.com
- innovationcoach.com
- trendhunter.com
- customerthink.com
- robertsrulesofinnovation.com
- knowledge.wharton.upenn.edu
