Section » Open Innovation
Open Innovation In The Spotlight
The Asian Scientist noted that traditionally, companies have treated innovation almost like a jealously-guarded secret—a proprietary activity conducted only by select insiders. But this costly, long-term model of in-house R&D is threatened by the rapid pace of technological advancement. To keep up, companies are being challenged to turn to new
Comments Off on Open Innovation In The Spotlight • Read this story »
More Articles
Fear of Looking Foolish
The HAL website posted an overview of a presentation Henry Chesbrough and Sea Matilda Bez gave at the World Open Innovation Conference in Rome this past December. The authors note that managers are myopic in their evaluation of technology; why don’t managers search for alternative business models for
Comments Off on Fear of Looking Foolish • Read this story »
Open for growth? Evidence on EU Countries and Sectors
The Taylor & Francis website posted an article which noted that the Open Innovation (OI) concept has pervaded the academic and policy debate due to its potential to further stimulate the circulation of knowledge between business partners and institutions and, consequently, to increase their innovation
Comments Off on Open for growth? Evidence on EU Countries and Sectors • Read this story »
IBM Joins LOT Network in Major Step to Promote and Protect Open Innovation
The PRNewswire website reported that IBM announced a major step in its dedication to open innovation and responsible stewardship of technology by joining LOT Network Inc, a non-profit community of companies that builds a protective barrier for its members against patent assertion entities (PAEs). With
Comments Off on IBM Joins LOT Network in Major Step to Promote and Protect Open Innovation • Read this story »
Corporate Hub as a Governance Structure for Coupled Open Innovation in Large Firms
The Wiley Online Library website posted a study which addresses how the open innovation concept can be applied in large corporations aiming to work with small innovative firms. More specifically, it reports an in depth qualitative study of how AstraZeneca, a global bio-pharmaceutical corporation, designed
Comments Off on Corporate Hub as a Governance Structure for Coupled Open Innovation in Large Firms • Read this story »
Igniting Innovation—Yang Wenxin Of WisQo
The Asian Scientist website reports that open innovation has helped IoT solutions provider WisQo to develop new products that address market needs. Founder Yang Wenxin said in the beginning, we used to develop IoT solutions based on our own market knowledge. However, we began to realize that other more
Comments Off on Igniting Innovation—Yang Wenxin Of WisQo • Read this story »
Four Skills For Successful Open Innovation
The Asian Scientist Magazine noted that to make sure that Open Innovation becomes deeply embedded in a company’s culture and not remain just a buzzword, certain skills are required on the part of innovation teams within corporations. We feature here four skills identified by the University of Cambridge
Comments Off on Four Skills For Successful Open Innovation • Read this story »
Open Innovation Challenges and Coopetition-Based Open-Innovation
A study on the IGI Global site found that the success of the open innovation model is based on five major elements, namely, 1) motivating spillovers, 2) incorporation of external knowledge, 3) intellectual property management, 4) maximization of internal innovation, and 5) financial constraints. These
Comments Off on Open Innovation Challenges and Coopetition-Based Open-Innovation • Read this story »
Open Innovation in the Global Automotive Ecosystem
The Yahoo Finance website reported that today’s global automotive ecosystem is defined through collaborative efforts, not just from automotive manufacturers and suppliers, but by the integration of technology from multiple sources. Leading global automotive supplier Cooper Standard understands
Comments Off on Open Innovation in the Global Automotive Ecosystem • Read this story »
BBVA: Technological Highlights from 2019 and a Look at the Year ahead
The BBVA website posted the views of BBVA, a global financial group, on the breakthroughs that happened during 2019, and the ones they see in the technological banking landscape in 2020. The biggest development in 2019 has been focused on making a real impact on the business and in the key BBVA projects,
Comments Off on BBVA: Technological Highlights from 2019 and a Look at the Year ahead • Read this story »