Open Innovation: More Than Supply Chain Management
In a blog on the Garwood Center for Open Innovation website Henry Chesbrough argued against conflating supply chain management with open innovation, noting that open innovation is about letting others use your ideas and technologies in their innovation (inside out) and making use of others’ ideas and technologies in your innovation process (outside in). Many people still ignore Inside Out, and focus only on Outside In. Innovation is about the creation of new products, services and processes, while supply chain is about the management of existing products, services and processes throughout the value chain. Open innovation includes many more innovation actors than does the concept of the supply chain.
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