Open AccessJournal Article
The Era of Open Innovation
TLDR
In the old model of closed innovation, enterprises adhered to the following philosophy: Successful innovation requires control: In other words, companies must generate their own ideas, then develop, manufacture, market, distribute and service those ideas themselves.Abstract:
Is innovation dead? Actually, innovation is alive and well ? as underscored by the recent advances in the life sciences, including revolutionary breakthroughs in genomics and cloning. But the way companies generate ideas and bring them to market has been undergoing a fundamental change.
In the old model of closed innovation, enterprises adhered to the following philosophy: Successful innovation requires control. In other words, companies must generate their own ideas, then develop, manufacture, market, distribute and service those ideas themselves. For most of the 20th century, that model worked well, as evidenced by the spectacular successes of central R&D organizations such as AT&T's Bell Labs.
Today, though, the internally oriented, centralized approach to R&D is becoming obsolete in many industries. Useful knowledge is widely disseminated, and ideas must be used with alacrity. If not, they will be lost. Such factors create a new logic of open innovation, in which the role of R&D extends far beyond the boundaries of the enterprise. Specifically, companies must now harness outside ideas to advance their own businesses while leveraging their internal ideas outside their current operations. That fundamental change offers novel ways to create value ? along with new opportunities to claim portions of that value.read more
Citations
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Open for innovation: the role of openness in explaining innovation performance among U.K. manufacturing firms
Keld Laursen,Ammon Salter +1 more
TL;DR: Using a large-scale sample of industrial firms, this paper links search strategy to innovative performance, finding that searching widely and deeply is curvilinearly (taking an inverted U-shape) related to performance.
Journal ArticleDOI
Beyond high tech: early adopters of open innovation in other industries
TL;DR: Open Innovation has utility as a paradigm for industrial innovation beyond high-tech to more traditional and mature industries as mentioned in this paper, and many Open Innovation concepts are already in use in a wide range of industries.
Journal ArticleDOI
Open innovation: State of the art and future perspectives
TL;DR: In this article, the authors explore the limits in our understanding of the open innovation concept and address the questions of what (the content of open innovation), when (the context dependency) and how (the process).
Open Innovation: A New Paradigm for Understanding Industrial Innovation
Henry Chesbrough,Walter A. Haas +1 more
Posted Content
Leveraging External Sources of Innovation: A Review of Research on Open Innovation
TL;DR: In this paper, an analysis of prior research on how firms leverage external sources of innovation is presented, which suggests a four-phase model in which a linear process of obtaining, integrating, integrating and commercializing external innovations is combined with interaction between the firm and its collaborators.
References
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Journal Article
The Power of Innomediation
TL;DR: In this article, the authors identify three distinct types of innomediary and observe how each one can help companies acquire different forms of customer knowledge, and suggest ways in which companies can begin to think about exploiting the power of these emerging intermediaries.
Book
Nokia: The Inside Story
TL;DR: Nokia: the Inside Story as mentioned in this paper is a detailed account of Nokia's history and pivotal points of development, focusing on the choices and decisions that have steered the company's growth.