Why Now Is the Time for “Open Innovation”
The Harvard Business Review posted a very incisive and informative review of the state of and challenges faced by open innovation. It notes that the recent burst of open innovation demonstrates the massive potential of open innovation. Open innovation has the potential to widen the space for value creation: It allows for many more ways to create value,
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Why Now Is the Time for “Open Innovation”
The Harvard Business Review posted a very useful article which discussed a number of challenges encountered in implementing open innovation and how they can be overcome. The article noted that while concerns over intellectual property, return on investments, and various unforeseen consequences of open
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The Reinvention of NASA
The Harvard Business Review reported that over the past few decades, not only has NASA delivered crucial technologies for society, such as water filtration systems, satellite-based search-and-rescue, and UV coating on eyeglasses, it has also evolved its dominant logic and business model. NASA has moved
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Crowdsourcing Gone Wrong
The Harvard Business Review website posted an article which noted that “For those who believe in the promise of open innovation, the 2009 startup Quirky was an exceptionally exciting company. Yet, in September 2015, Quirky went bankrupt. As proponents of open innovation, we have examined Quirky’s
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Hands-Off Approach to Open Innovation Doesn’t Work
A study reported in the Harvard Business Review examined 200 innovation collaborations between big firms and tech startups which identified a major split in the way senior leadership at the large firms handled collaboration. On one side, senior leaders took a very hands-off approach. They didn’t exert
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Hands-Off Open Innovation Approach Doesn’t Work
The Harvard Business Review website noted that for many business leaders — 85%, according to a recent Accenture survey — open innovation is critical to their strategic plans. In particular, large companies want to partner with small firms that have developed advanced, game-changing technologies.
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