The Business Insider website notes that Open Innovation generated a great deal of irrational exuberance in its early days. But excessive hype rarely matches future success. The exaggerated hype that once attracted a great deal of attention to Open Innovation has been replaced by more sober and realistic expectations.
Click here to read [...]
The McKinsey Quarterly notes that open innovation isn’t a a new phenomenon. But open innovation has spread to a range of industries that use external insights to boost internal R&D efforts or even rely on outside networks for core product ideas. The latest research on Web 2.0 technologies reveals that more and more executives are [...]
An article in McKinsey Quarterly focuses on the factors that could redefine intellectual property competition in different industries. As open-source innovation, crowd sourcing, and engaging with open communities become increasingly prevalent, could Intellectual Property-free zones appear in the competitive landscape of other industries? Having studied the case of infrastructure software closely, we believe [...]
The Innovation Leadership Network website notes that at their core, all business models address this question: how do we sustainably deliver value to our customers? Business models can serve three different purposes. They can describe different kinds and types of businesses. They can be short-hand descriptions of how firms operate – the primary value here [...]
The Petrobras website notes that the experience of the collaboration between PipeWay Engenharia and Petrobras, the global energy giant, is an exemplary case of open innovation. By opening its doors to outside collaborators (universities, suppliers,independent research institutions and even its competitors), sharing information and exchanging experiences, Petrobras is one of an ever-increasing group of companies [...]
The Steel City Innovation website reports on a conference on Open Innovation in Pittsburgh. For many companies the idea that not all the smart people in world work for them can be a tough one to grasp. But that realization is necessary if a company wants to fully grasp Open Innovation and reap its benefits. [...]
Although there is increasing interest in exploring open innovation in developing countries, the conceptual and potential applications of using open innovation in the small to medium enterprise sector are rarely explored. Since SMEs often have a dominant impact on national economies, their innovative potential should not be neglected. While SMEs in developed
In his blog, Irving Wladawsky-Berger discusses some of the issues raised in Henry Chesbrough’s book, Open Services Innovation. He notes that Chesbrough’s key argument for the importance of services innovation is the serious competitive challenge faced by many product companies, which he calls the commodity trap, which is the result of three key business forces: [...]
An article in Inventor’s Digest reports that if your company isn’t innovating, it’s slipping behind the competition. With the Internet and the increasing flow of ideas and information, internal R&D departments alone aren’t always the answer. More than ever, business owners are embracing open innovation to stay ahead. Open innovation is more than a toolkit, [...]
An article on the Bloinc site notes that open innovation is clearly taking root in just about every industry as organizations strive to create openness in their innovation and business processes. We see companies increasing their ability to leverage internal and external solutions yet struggle with building the right processes and tools to extract maximum [...]
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