Winds of Open Innovation in Pharma
In a post on the lillycoi website Tom Krohn notes “the diversity of ways open innovation is manifested. While some seem to criticize that ‘everything is now open innovation’ I’ve come to appreciate the diversity. To me it isn’t about what it is called, but rather what it accomplishes. While diversity of approaches exist,
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Open innovation – are we ready for the change?
A blog on the NHH Center for Service Innovation site notes that one of the hottest topics in innovation management is open innovation, but adds that to successfully capture value from its open innovation activities, a company must have the right business model in place that fits the open innovation
PARC Showcases Open Innovation Business Models
The Artstechnica website reported on an event celebrating the 10th anniversary of PARC to commemorate the company’s first ten years of independent operation. In 2002 Xerox incorporated PARC as an independent, wholly owned subsidiary, shifting the R&D pioneers toward an open innovation business
Hierarchical Management Bottlenecks Innovation
An article in Forbes argues that the old industrial management model is a thing of the past. Gone are the assembly line days of productive repetition. Value in the modern economy is created by doing something different each time, rather than repeating the successes of the past. The creative act itself
Open Innovation Defined
Remo Knops’ blog notes that Henry Chesbrough shook up the business world with his book Open Innovation: The New Imperative for Creating and Profiting from Technology back in 2003. In 2006 professor Chesbrough released another book Open Business Models: How to Thrive in the New Innovation Landscape
How Top CEOs Succeed at Business Model Innovation
Forbes Magazine held a live roundtable with leaders from four companies (Comcast, RR Donnelley, Meritor and IBM) who have proven significant success in business model innovation. Innovation may well be the defining characteristic of successful companies. In today’s ever evolving digital, connected
Rethinking Higher Education Business Models
The Center for American Progress website published a study on the great challenge facing higher education today: to contain costs while at the same time improving outcomes—in short, to increase productivity. Information technology has long been seen as a major key to meeting this challenge, but
Business Models Built Through Open Innovation
The exnovate.org website reports on a study by Dr. Wim Vanhaverbek that shows that open innovation can create new opportunities for all types of SME – from start-ups in high-tech markets to players in traditional markets – because they can change business models without having the required technologies
Innovation Expert Launches European Innovation Forum
The ESADE website reports that professor Henry Chesbrough, the leading scholar of ‘open innovation’ management, is launching a European Innovation Forum to discover, discuss and share the most effective ways to organize business innovation.
The App Economy and Open Services Innovation
An article on the National Review website argues that the most successful firms manage to create open platforms that other firms can build on — instead of relying solely on in-house talent, you can draw on the entrepreneurial energy of thousands and potentially millions of people you’d never dream