Henry Chesbrough on Open Innovation
Deloitte’s CIO Journal published an article in which Henry Chesbrough, professor at the Haas Business School and originator of the “Open Innovation” movement, shared his views on all things open innovation. Chesbrough published the first of his three books on Open Innovation (OI) in 2003. Since then, OI has steadily grown to become a widely accepted and much-lauded model of innovation management. At the highest level, the model was founded on the theory that companies could reinvigorate stagnating innovation processes by engaging beyond the four walls of the enterprise—trading their unused intellectual property and sourcing new ideas from third parties. Chesbrough’s views on OI were formed, in part, by research he conducted during the mid-1980s at Xerox’s Palo Alto Research Center.
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