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Proposal-Based Innovation: A New Approach to Opening Up the Innovation Process

Proposal-Based Innovation: A New Approach to Opening Up the Innovation Process

By • on May 5, 2020

The book Innovative Technologies for Market Leadership has a chapter on Proposal-Based Innovation which noted that  Open Innovation (OI), is widespread in nonmanufacturing industries such as software. In manufacturing, however, OI is largely rejected mainly due to high intellectual property (IP) protection requirements. This chapter describes an approach

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The State of Open Innovation

The State of Open Innovation

By • on March 20, 2020

The Wall Street Journal website posted a review Henry Chesbrough’s new book, “Open Innovation Results: Going Beyond the Hype and Getting Down to Business.” On the current state of open innovation, Mr. Chesbrough sees a mixed picture. Open innovation has increased exponentially, but

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Knowledge Risk Management During Implementation of Open Innovation

Knowledge Risk Management During Implementation of Open Innovation

By • on February 12, 2020

In a chapter from the book Knowledge Risk Management Serdal Temel and Wim Vanhaverbeke (left) write: “The aim of this chapter, while explaining the importance of open innovation and the successful implementation results, is also to explain the risks that companies face in the implementation of

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Why We Need To Disseminate Innovation

Why We Need To Disseminate Innovation

By • on December 11, 2019

An article on the Forbes website noted that the need for greater dissemination of technology was recently promoted by a report from MIT’s task force on the work for the future. This is predominantly because the majority of investment in new technology is done by a relatively small number of large companies.

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Henry Chesbrough’s Latest Book: Open Innovation Results

Henry Chesbrough’s Latest Book: Open Innovation Results

By • on December 7, 2019

The Oxford University Press website posted a description of Henry Chesbrough’s latest book, Open Innovation Results. In this book Henry Chesbrough, the originator of open innovation, examines the hype behind its practice, shows where real results are taking place, and explains how companies can

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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.

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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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