Permissionless Innovation
An article in the Communications of the AMC noted that “permissionless innovation” is the freedom to explore new technologies or businesses without seeking prior approval. It has already produced an explosion of goods and services in the IT industry. It improves efficiency and moves innovation closer to people with ideas. Permissionless
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Open Innovation: Learning from Mining’s 2nd Wave
An article on the LinkedIn website noted that the mining industry has shown a renewed interest in open innovation. In certain major industries, like potash, base metals, iron production and oil and gas, open innovation has a lot of value, as is a very high-cost investment. With open innovation, you take
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Five Elements of an Open Innovation Program
The Crowdsoucing.org website reports that when Henry Chesbrough coined the term open innovation (2003), organizations (especially R&D driven organizations) embraced it as the solution to business model limitations. Companies representing consumer products (e.g., P&G, Clorox), natural resources