Section » Henry Chesbrough
The Evolution of Open Innovation: An Interview with Henry Chesbrough
In this article on the TMCNet site, Henry Chesbrough discusses the evolution of open innovation, what it takes to succeed at open innovation, where it might not gain traction, and how it compares with open-source innovation models. Chesbrough coined the term “open innovation” with the publication of his book by that title in 2003. Since
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American Competitiveness–An Open Innovation Perspective
The US economy is currently languishing in a very weak recovery, so weak that we may even tip back into recession in the coming months. Our short term economic struggles have also revived a long-standing debate around how to enhance US competitiveness in the longer term. What can Open Innovation
Management Innovations for the Future of Innovation
Those who study innovation often can be overwhelmed by the variety and speed at which clever new products and services come into the market. But it is helpful to take a step back from these myriad innovations to reflect on the evolution not only of the technologies themselves but also the processes
Open Innovation and the Design of Innovation Work
I recently had the chance to review a pre-press copy of a new book, The Open Innovation Marketplace, by Alpheus Bingham and Dwayne Spradlin (Free Press, 2011). The authors are Chairman and CEO, respectively, of the company Innocentive. Innocentive is a pioneer in the “open innovation marketplace”
Use Open Services Innovation to Restore US Competitiveness
As the US economy begins to recover from the devastating recession of 2008 and 2009, our trade deficit with China is again growing. The rise of China and other emerging economies is triggering reflection here in the US about
How Open Innovation Can Empower ‘Creatives’
Ms. Horn raises an important issue in her article “Here’s What’s Wrong with Open Innovation – A Case for ‘Open Protection:’” how can creative people make a living in a world of “open innovation”, where the wisdom of the crowd
Competing for Contributors in Open Innovation
In my last post, I discussed how Open Innovation frames the war for talent. The role of T-shaped managers was crucial, due to their ability to integrate the ideas and skills of people both inside and outside the organization into useful solutions. In this post, I consider another prerequisite
Pharmaceutical Innovation Hits the Wall: How Open Innovation Can Help
A recent article in the New York Times announced the frightening reality facing the pharmaceutical industry: within the next year, drugs with sales of more than $50 billion are coming off patent. Left unsaid was that the incredible profits associated with these sales are also coming to an end in
The War for Talent and Open Innovation
Much has been written about the war for talent in American business. We need to hire the best and the brightest in order to compete effectively in the global economy. This leads to impassioned arguments for raising the ceiling on H1B visas, and providing provisional green cards to foreign-born
Can’t Afford to Innovate? Open up!
Former baseball catcher Yogi Berra liked to observe that “the future isn’t what it used to be.” This has also been a commonly voiced opinion about innovation. It is not hard to see why. The great research and development laboratories of the 20th century have downsized, been broken up,