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The State of Open Innovation

The State of Open Innovation

By • on March 20, 2020

The Wall Street Journal website posted a review Henry Chesbrough’s new book, “Open Innovation Results: Going Beyond the Hype and Getting Down to Business.” On the current state of open innovation, Mr. Chesbrough sees a mixed picture. Open innovation has increased exponentially, but productivity and income levels have been stagnant

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Why We Need To Disseminate Innovation

Why We Need To Disseminate Innovation

By • on December 11, 2019

An article on the Forbes website noted that the need for greater dissemination of technology was recently promoted by a report from MIT’s task force on the work for the future. This is predominantly because the majority of investment in new technology is done by a relatively small number of large companies.

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Henry Chesbrough’s Latest Book: Open Innovation Results

Henry Chesbrough’s Latest Book: Open Innovation Results

By • on December 7, 2019

The Oxford University Press website posted a description of Henry Chesbrough’s latest book, Open Innovation Results. In this book Henry Chesbrough, the originator of open innovation, examines the hype behind its practice, shows where real results are taking place, and explains how companies can

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The Relationship Between Open Innovation and Crowdsourcing

The Relationship Between Open Innovation and Crowdsourcing

By • on November 1, 2019

The Researchgate website posted an article which noted that there are two important differences between open innovation and crowdsourcing. First, the knowledge inflows/outflows of open innovation often take place between parties with ex ante contracts or other commitments. For example, technology alliances,

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How Do Leaders Embrace Stakeholder Engagement for Sustainability-Oriented Innovation?

How Do Leaders Embrace Stakeholder Engagement for Sustainability-Oriented Innovation?

By • on September 10, 2019

A chapter in the book New Leadership in Strategy and Communication demonstrates how open innovation can be applied to sustainability contexts: “In this chapter we specifically address the leadership challenges encountered in accessing the wide variety of knowledge from multiple external stakeholders.

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Innovation Management

Innovation Management

By • on February 21, 2019

A new book, “The Routledge Companion to Innovation Management,” has a chapter on Open Innovation, “A conceptual comparison of open innovation and several similar innovation models”. The chapter discusses collaborative innovation, network-based crowdsourcing, the modes of open

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Open Innovation Ecosystems

Open Innovation Ecosystems

By • on November 27, 2018

The Springer website posted a notice of the book “Open Innovation Ecosystems: Creating New Value Constellations in the Financial Sector,” saying that it explains the ecosystem as platform to innovate and co-create value in a constellation with multiple stakeholders. Sharing information

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7 Principles of Complete Co-creation

7 Principles of Complete Co-creation

By • on November 2, 2018

The YourStory website noted that traditional top-down business models based on knowledge dominance and mass-market approaches are under pressure from more open, collaborative models that directly and continuously involve customers. In a fast-moving global economy where customers are more digitally connected,

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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

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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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