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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 firms and universities: IP licensing, research services

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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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Effect of Distance on Open Innovation

Effect of Distance on Open Innovation

By • on October 6, 2017

The MDPI website posted a study which examined the effects of distance between technology and the market, on open innovation. The first result was that there were differences in the distance and OI among Fortune 500 firms, Fortune non-500 firms, laboratories, universities, and start-ups. Thus, there

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The Inverted U-Curve of Open Innovation

The Inverted U-Curve of Open Innovation

By • on October 3, 2017

MDPI posted a study on the relationship between open innovation and firm performance. This study revealed several pieces of evidence about the various complex relationships between open innovation and business performance, from a game of life simulation, mathematical modeling and simulation, an aircraft

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How to Find New Ideas Inside and Outside the Company

How to Find New Ideas Inside and Outside the Company

By • on August 15, 2017

The Harvard Business Review website reported on a new study which noted that many companies are encouraging employees to scout for new ideas among external partners, such as universities, research institutes, competitors, and customers. Much research suggests that exposing employees to a broad range

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What C-suites Want From Thought Leadership

What C-suites Want From Thought Leadership

By • on August 11, 2017

The Campaign website reported on a comprehensive new study by Forbes and KPMG. One of the key findings was the importance of “smart sharing”: The overabundance of data and the ability to share it across networks provides access to useful and often critical information. These networks extend

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Complementing Open Innovation Practices in Multinational Corporations

Complementing Open Innovation Practices in Multinational Corporations

By • on August 2, 2017

The Research Platform Alexandria website posted a research paper which argued that open innovation (OI) so far has mainly been understood as a process involving firm external partners. In this paper, we argue that such a focus limits our understanding of how multinational corporations (MNC) profit from

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Is Open Innovation A Risk Worth Taking?

Is Open Innovation A Risk Worth Taking?

By • on July 28, 2017

The Innovation Enterprise website noted that since the term was first coined in 2003 by Henry Chesbrough in his book ‘Open Innovation: The New Imperative,’ many organizations and governments have implemented Open Innovation programs to tremendous success. Open innovation works so well because

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Companies Adopting Open Innovation Models

Companies Adopting Open Innovation Models

By • on July 19, 2017

The IT Online website reported on a new PwC survey of over 1,200 global executives and business leaders. The aim of the study was to understand how these business leaders view innovation and what they are doing to better reap its rewards. The study found that companies are embracing open innovation models:

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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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