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Will your industry be transformed by open innovation?
The Smart Planet website notes that managers should consider how the use of open innovation will guide what percentage of their future business processes will be considered proprietary and what percentage is likely to become commonplace (aka much more cost-effective). Could the so-called open source model allow companies to use more commonplace technologies
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Open Innovation:No Longer a Rallying Cry in Healthcare, but a Movement
The medcitynews website reports that the healthcare industry as a whole has adopted open innovation — and it’s doing it with vigor. There’s an undeniable trend in the creation of long-term strategies based on open data and ideas from sources outside of individual companies and institutions.
Open Innovation Research Wins Award
The Fraunhofer website reports on an award-winning doctoral dissertation on open innovation by Dr. Sabine Brunswicker which addresses such questions as: How can companies successfully utilize external resources to procure innovation and technology? How is it possible to test and further develop the
Fostering open innovation
The microsoft.eu website posted a summary of a study and recommendations by Henry Chesbrough and Wim Vanhaverbeke which says that innovation processes are becoming more open. The large, vertically integrated R&D labs are giving way to distributed networks of innovation which connect numerous companies
Asia-Pacific Companies Adopting Open Innovation
The computerworld website reports on a study by Frost and Sullivan which shows that while companies around the world have embraced OI, some are more willing than others to commit sufficient resources to it. Asia-Pacific companies lead the pack in regards to dedicating staff to OI. 72 percent of the
The Evolution of Services
Speaking at the European Conference on Information Systems in Barcelona June 10-13, Henry Chesbrough describes the evolution to services in the economy as a whole and in many companies in this video: Henry Chesbrough on Services Innovation
Open Innovation to Fill Pharma’s Pipelines
The medcitynews website reported that open innovation and cooperation in the pharmaceutical industry will continue to gain traction as patent losses and R&D cutbacks force drug companies to look
World Innovation Forum
The World of Business Ideas website announced that the World Innovation Forum will be held June 20-21 in New York City. The conference will discuss strategies for increasing chances of success on both the front end and back end of open innovation. The theme of this year’s event is to
Exploring Open Innovation Strategies
This paper on the scs.europe website presents a simulation tool that allows researchers to model innovation strategies with different degrees of openness in their R&D and commercialization processes. It implements the micro-foundations of open innovation and can be used to explore innovation strategies
‘Culture of comfort’ is the enemy of innovation
A report on theglobeandmail.com website says that Canada is losing the global innovation race because it’s throwing far too much money at dubious research and doing too little to jolt companies out of their sheltered complacency. R&D is very rarely the critical factor; new ideas can come from