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Open Innovation: Key Competitive Factor for Banks
The Crowdsourcing.org website reports that the potential that open innovation yields for banks has been captured in a new study released by GFT, a leading international IT solutions providers to the financial sector. It’s increasingly important for financial institutions to differentiate themselves with innovative products and services–including
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The Economics Of Open Source
An article on the Tech Crunch website reported that the success of technology companies using open source, and the apparent failure of open source is a head scratcher. Yet both are true, but not for the reasons some would have you believe. The success or failure of open source is not the software
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Henry Chesbrough: The World in 2014
The Economist website posted an article which noted that Cassandra has every reason to fear innovation. A particularly nifty piece of Greek engineering once brought doom to her family in the shape of a horse. By contrast, Henry Chesbrough, faculty director of the Garwood Center for Corporate Innovation
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Talking #Open Innovation with Prof. Henry Chesbrough
The IntelligentHQ website posted an interview with Henry Chesbrough. Chesbrough has written extensively on the topic of open innovation, a term that he coined in his award-winning book Open Innovation: The New Imperative for Creating and Profiting from Technology . More recently, Chesbrough has turned
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Open Services Innovation
The Prezi website posted a slide show by Leidy Tatiana Rodriguez Torres showing how he concept of Open Innovation can be applied to services industries. The collective intelligence of a larger group of people exceeds that of a few, both in terms of ideas and knowledge. We know much less about how
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Open Innovation 2012
The Open Innovation Platform of the European Commission posted an article which represents one perspective of the need to create a new societal fabric for user-centric innovation, especially for the services sector. The knowledge-intense services will be the key for the creation of new growth beyond
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The Customer Defines the Value of Innovation
In this YouTube video, Henry Chesbrough argues shares his insights on the statement “ultimately, it is the customer who define the value of innovation.” The project Value Driven Service Innovation (VDSI) is a research collaboration among BI Norwegian Business School, University of California
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GE: Profiting from Open Services Innovation
The Innovation Excellence website posted an article by Henry Chesbrough which notes that as new products come to market with increasing frequency and take valuable market share, more and more companies are finding it increasingly challenging to keep up and compete. Product life span is further shortened
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Adding Service Innovation
The postcrescent website notes that for many years companies have been focusing their offerings to end users on their products. Today we see companies are realizing they can increase the value they deliver by also adding service innovation to their portfolio. This trend is often associated with business
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OpenInnovation: Past and Present
In this interview on the website Innovation Management, Henry Chesbrough discusses a few key aspects of the relatively new and challenging open innovation model: its evolution, its applicability and most importantly, its essential role in facilitating knowledge creation for the future. He describes