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What Can Open Innovation Be Used For And How Does It Create Value?

What Can Open Innovation Be Used For And How Does It Create Value?

By • on February 20, 2020

The Danish National Research Database website reported on a study which in­ves­ti­gated the pur­poses for which pub­lic sec­tor or­gan­i­za­tions use open in­no­va­tion, and how it cre­ates value. The re­search ques­tion is an­swered through a sys­tem­atic lit­er­a­ture re­view and an analy­sis of pub­licly avail­able data

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An Open Innovation Project Typology of Exploration and Exploitation

An Open Innovation Project Typology of Exploration and Exploitation

By • on February 16, 2020

The Springer website posted a study which first appeared in the Journal of the Knowledge Economy which noted that before engaging in how firms can embrace different forms of OI activities simultaneously, there is a need to reassess how OI research approaches the idea of exploiting current capabilities

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Knowledge Risk Management During Implementation of Open Innovation

Knowledge Risk Management During Implementation of Open Innovation

By • on February 12, 2020

In a chapter from the book Knowledge Risk Management Serdal Temel and Wim Vanhaverbeke (left) write: “The aim of this chapter, while explaining the importance of open innovation and the successful implementation results, is also to explain the risks that companies face in the implementation of

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Innovation Policy Instruments Through the Lens of Open Innovation

Innovation Policy Instruments Through the Lens of Open Innovation

By • on February 4, 2020

The Revistes website at the University of Barcelona posted a study originally published in the Journal of Evolutionary Studies in Business which examines the degree to which existing public innovation policies promote open innovation by companies. The results show that innovation policies in Spanish

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Sustainable Open Innovation Lessons from Carlsberg and the Green Fiber Bottle

Sustainable Open Innovation Lessons from Carlsberg and the Green Fiber Bottle

By • on February 3, 2020

The Emerald Insight website posted a study byMarcel Bogers, Henry Chesbrough, and Robert Strand which describes the case of how the Danish beer manufacturer, Carlsberg, developed the Green Fiber Bottle as part of its sustainability program through an open innovation approach.  It illustrates how

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How to Capture All the Advantages of Open Innovation

How to Capture All the Advantages of Open Innovation

By • on January 29, 2020

The Harvard Business Review website published an interview with Henry Chesbrough which noted that the practice of open innovation is now widespread. But there’s a problem.  While innovation has increased exponentially, particularly in the tech sector, broader productivity and income levels have been

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Fear of Looking Foolish

Fear of Looking Foolish

By • on January 20, 2020

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

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Open for growth? Evidence on EU Countries and Sectors

Open for growth? Evidence on EU Countries and Sectors

By • on January 18, 2020

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

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Corporate Hub as a Governance Structure for Coupled Open Innovation in Large Firms

Corporate Hub as a Governance Structure for Coupled Open Innovation in Large Firms

By • on January 14, 2020

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

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Open Innovation Challenges and Coopetition-Based Open-Innovation

Open Innovation Challenges and Coopetition-Based Open-Innovation

By • on January 9, 2020

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

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