Open Innovation in the Luxury Field

Open Innovation in the Luxury Field

By • on June 6, 2019

The Luxury Institute website noted that only a small minority of brands applies open innovation across the luxury landscape. Frequently, luxury goods and services brands are insular and isolated from the best available external talent. They behave like command-and-control fortresses, protecting themselves from expired threats, while failing to address

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From Collaborative Community to Competitive Market

From Collaborative Community to Competitive Market

By • on May 6, 2019

The Wiley Online Library posted an article by Henry Chesbrough and Thomas Kohler which noted that crowdsourcing presents new opportunities to generate social innovation. However, many crowdsourcing social innovation initiatives struggle with turning their promising projects into sustaining platforms.

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