Realizing the Value of Open Innovation

By • on May 4, 2018

The Big Innovation Centre posted a report which noted that while the specific term ‘Open Innovation’ was only popularized relatively recently – by Berkeley Professor Henry Chesbrough in 2003, based primarily on observations of technology firms – the broader underlying dynamics of the change towards ‘open’ have deeper roots. For example many global pharmaceutical companies began to look externally for product innovation in the 80’s and 90’s. Today, a far wider range of organisations are now explicitly embracing Open Innovation, and many more are now prepared to attribute part of their current success to their Open Innovation strategies and activities. This report highlights the current practices of a diverse group of companies.

Click here to read the full report.

Image via Flickr.

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