Chesbrough Awarded Viipuri Prize

The Lut University website announced that Henry Chesbrough, professor at the Haas School of Business University of California, Berkeley, has won the Viipuri Prize which is awarded  approximately every other year to a distinguished international researcher whose work significantly influences education and research. The prize was established by the Society for Viipuri School of Economics, and is awarded for outstanding achievements in strategy research and is worth 10,000 Euros. The award citation notes that Chesbrough is widely known as the father of open innovation. He introduced the concept of open innovation in the early 2000s. Two decades later, the paradigm remains relevant. The open innovation paradigm has had a significant impact on modern business and strategic thinking.

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