What Does Open Innovation Mean?

What Does Open Innovation Mean?

By • on April 16, 2018

An article in the International Journal of Information Management noted that since the first appearance of ‘open innovation’ as a theoretical concept in 2003, the debates on its essence still continue among academics, while its interpretations within the business community also seem to differ from one company to another. Using a survey of 251 companies

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Executing an Open Innovation Model

Executing an Open Innovation Model

By • on June 3, 2016

A report by the leading consulting and research firm Deloitte noted that many biopharmaceutical companies are facing a challenging research and development environment and increased competitive pressures. Their heavy reliance on a closed, traditional model of product development might stifle true innovation

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Striving for Innovation Success in the 21st Century

Striving for Innovation Success in the 21st Century

By • on June 1, 2016

The MIT Technology Review website posted an article by Henry Chesbrough in which he summarizes and updates his work on open innovation. “Open innovation assumes that companies can, and should, use external ideas as well as internal ideas, and pursue internal and external paths to market, as they

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