The Interplay between Open Innovation and Lean Startup
Henry Chesbrough and Christopher Tucci posted a paper on the Leeds Faculty website which considers the contribution of Lean Startup to the lack of practical advice for employing Inside-out knowledge flows in open innovation. Lean Startup offers a series of practical steps for exploring—and validating—potential new business models that might utilize otherwise neglected technologies, or potential general-purpose technologies that may be languishing. Open Innovation has some contributions to offer to Lean Startup as well, particularly in the context where Lean Startup is employed inside large established firms. We then bring forward the idea that Open Innovation can contribute to the corporate venturing process and describe both Outside-In and Inside-Out processes that may help ease the pain of a Lean Startup implementation in an incumbent firm.
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