A Guide to Open Innovation and Crowdsourcing

By • on November 27, 2016

The Amazon site reported on the book, “A Guide to Open Innovation and crowdsourcing”, noting that the model of industrial innovation has moved on from an inwardly focused, vertically integrated approach–a closed innovation system. Open innovation today prevails, as organizations make extensive use (and reuse) of external ideas and technologies in their own innovation activities, while unused, or under-used ideas and technologies are allowed to go to the outside for others to utilize. The result is a much deeper division of innovation labor, where specialist firms contribute discoveries and innovations that connect together to form a web of innovation.

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