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How Do Leaders Embrace Stakeholder Engagement for Sustainability-Oriented Innovation?

How Do Leaders Embrace Stakeholder Engagement for Sustainability-Oriented Innovation?

By • on September 10, 2019

A chapter in the book New Leadership in Strategy and Communication demonstrates how open innovation can be applied to sustainability contexts: “In this chapter we specifically address the leadership challenges encountered in accessing the wide variety of knowledge from multiple external stakeholders. First, we demonstrate that implementing open

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Open Innovation Ecosystems

Open Innovation Ecosystems

By • on November 27, 2018

The Springer website posted a notice of the book “Open Innovation Ecosystems: Creating New Value Constellations in the Financial Sector,” saying that it explains the ecosystem as platform to innovate and co-create value in a constellation with multiple stakeholders. Sharing information

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7 Principles of Complete Co-creation

7 Principles of Complete Co-creation

By • on November 2, 2018

The YourStory website noted that traditional top-down business models based on knowledge dominance and mass-market approaches are under pressure from more open, collaborative models that directly and continuously involve customers. In a fast-moving global economy where customers are more digitally connected,

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Open Science and Open Innovation

Open Science and Open Innovation

By • on October 20, 2017

The SSRN website posted an abstract of a book by Joel West and Markus Perkmann: “Open Science and Open Innovation”: “We investigate how firms work with universities in the course of their innovation activities. We provide an overview of three main modes of direct interaction between

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Fueling Small Business Success Through Innovation

Fueling Small Business Success Through Innovation

By • on October 19, 2017

The Nasdaq website noted that Henry Chesbrough, a professor at University of California Berkeley and executive director for the Center for Open Innovation coined the phrase Open Innovation. This is when companies use both internal and external ideas to help advance their existing operations.  In Chesbrough’s

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Re-Invent Open Innovation to Apply to Small Firms

Re-Invent Open Innovation to Apply to Small Firms

By • on July 14, 2017

The Science|Business website noted that finding good examples of open innovation in small companies is difficult. It seems it is not yet common practice and the management tools available to support collaborations have been developed to suit the needs of large companies. As a result, many SMEs are struggling

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Coming Waves of Disruption

Coming Waves of Disruption

By • on May 16, 2017

The Sys-Con Media website noted that big disruptions have upended markets for mobile handsets, personal computers, cameras, newspapers, books, magazines, music, broadcast television and so on — felling a long list of well-known companies along the way. The most viable response to such radical disruption,

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Placing Users At The Core Of Innovation Strategies

Placing Users At The Core Of Innovation Strategies

By • on April 12, 2017

The Forbes website posted a review of the book Revolutionizing Innovation: Users, Communities, and Open Innovation. The book includes 25 original contributions providing an extensive view of user and open innovation by scholars from all over the world in a variety of industries. The book underscores

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New Frontiers in Open Innovation

New Frontiers in Open Innovation

By • on January 26, 2017

The Popular  Online website posted an announcement of a new book, “New Frontiers in Open Innovation” edited by Henry Chesbrough, Wim Vanhaverbeke and Joel West. Although the benefits of open innovation have been described in detail before, underlying mechanisms how companies can be successful

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A Guide to Open Innovation and Crowdsourcing

A Guide to Open Innovation and Crowdsourcing

By • on November 27, 2016

The Amazon site reported on the book, “A Guide to Open Innovation and crowdsourcing”, noting that the model of industrial innovation has moved on from an inwardly focused, vertically integrated approach–a closed innovation system. Open innovation today prevails, as organizations make

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