“Open Innovation” Picking Up Steam

“Open Innovation” Picking Up Steam

By • on August 13, 2013

The Thinkinc website noted that in 2003, Henry Chesbrough presented a case study of 1970s and 1980s corporate innovation firms, centered on the giants of R&D from that era such as, Bell Labs, IBM and Xerox PARC. Chesbrough noted that R&D departments have traditionally been ‘closed’ to outsiders in order to protect intellectual property,

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Costs and Benefits of Open Innovation

Costs and Benefits of Open Innovation

By • on July 31, 2013

An editorial on the Crowdsourcing website notes that sourcing ideas from outside a company’s own R&D department taps a larger pool of contributors who work on the promise of potential partnership in the future, not a guaranteed salary. But all costs aren’t readily apparent at first. Aside

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Open Innovation: Creating Through Community

Open Innovation: Creating Through Community

By • on July 17, 2012

An article on the crowdsourcing website draws lessons from Henry Chesbrough’s 2006 book “Open Business Models,” in which he describes a rising field of companies which specialize in innovation. He calls these companies “innovation intermediaries.”  There are many kinds

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