Why Now Is the Time for “Open Innovation”

Why Now Is the Time for “Open Innovation”

By • on June 5, 2020

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 innovation are all valid, what we are experiencing

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Proposal-Based Innovation: A New Approach to Opening Up the Innovation Process

Proposal-Based Innovation: A New Approach to Opening Up the Innovation Process

By • on May 5, 2020

The book Innovative Technologies for Market Leadership has a chapter on Proposal-Based Innovation which noted that  Open Innovation (OI), is widespread in nonmanufacturing industries such as software. In manufacturing, however, OI is largely rejected mainly due to high intellectual property (IP) protection

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Open Innovation Challenges and Coopetition-Based Open-Innovation

Open Innovation Challenges and Coopetition-Based Open-Innovation

By • on January 9, 2020

A study on the IGI Global site found that the success of the open innovation model is based on five major elements, namely, 1) motivating spillovers, 2) incorporation of external knowledge, 3) intellectual property management, 4) maximization of internal innovation, and 5) financial constraints. These

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Horizontal Open Innovation

Horizontal Open Innovation

By • on August 7, 2019

An study on the Academy of Management site noted that a key contribution of the open innovation literature is the notion that firms need to access outside sources of ideas and complementary assets. A literature has blossomed that details a variety of open innovation modes. But emergent phenomena, including

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Innovation Among Keys to Success

Innovation Among Keys to Success

By • on July 12, 2019

The Australasian site reported on a survey by Herbert Smith Freehills, a leading law firm, of clients across multiple business sectors about their experience with open innovation. The survey found that it is now the norm for clients to collaborate internally and externally on innovation projects, but

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Open innovation: A shift to new intellectual property models?

Open innovation: A shift to new intellectual property models?

By • on January 31, 2019

The Lexology website noted that the success of open innovation lies primarily in the notion that sharing knowledge can be profitable. Secondly, a company has to strike a balance between what it can reveal to those involved (suppliers, competitors, specialized third-party companies, the public, etc.)

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Open Innovation as a Business Model for Enhancing ASEAN Economy

Open Innovation as a Business Model for Enhancing ASEAN Economy

By • on November 24, 2018

The International Journal of Business and Society posted an article which noted that Intellectual Property plays an important role in contributing to the achievement of national and regional socio-economic development goals which contribute to the region’s competitiveness and productivity. The open

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Innovation in the Open

Innovation in the Open

By • on August 16, 2018

An article on the Chemistry World website noted a trend in open innovation: rather than drawing start-ups closer to obtain their intellectual property, some firms are shifting to a more collaborative approach. This strategy foresees collaboration agreements, or business support, and subsequent shared

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Webinar: Open Innovation and Intellectual Property

Webinar: Open Innovation and Intellectual Property

By • on August 8, 2018

The CIPA website announced a webinar noting that Open Innovation and Intellectual Property Rights are seemingly concepts that are at odds.  The idea that there be a flow of ideas into and out of an organization to the benefit of all parties certainly presents challenges to patent attorneys.  The prevailing

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Interview with Samsung CEO Tim Baxter

Interview with Samsung CEO Tim Baxter

By • on May 17, 2018

The Samsung Newsroom website posted an interview by The Economist with Samsung CEO Tim Baxter. The Economist: What is Samsung doing to embrace the idea of “open innovation” without compromising your intellectual property; how do you strike the balance as the CEO? Tim Baxter: Some of that’s going

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