The State of Open Innovation

The Wall Street Journal website posted a review Henry Chesbrough’s new book, “Open Innovation Results: Going Beyond the Hype and Getting Down to Business.” On the current state of open innovation, Mr. Chesbrough sees a mixed picture. Open innovation has increased exponentially, but productivity and income levels have been stagnant or declining, a phenomenon that he calls “the exponential paradox”. He argues that “the root of the problem is in how we are managing and investing in innovation, both inside individual organizations and also in the larger society.” The book offers a number of recommendations for rethinking open innovation in order to achieve better business outcomes. These include: outside-in and inside-out open innovation, business model innovation, open services innovation, and open innovation in networks and ecosystems of organizations.

Click here to read the article. [To read the full article, you need to be a WSJ subscriber. However, you can get a two month subscription for $1.]