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Open Innovation: The New Imperative for Creating And Profiting from Technology
The information revolution has made for a radically more fluid knowledge environment, and the growth of venture capital has created inexorable pressure towards fast commercialisation of existing technologies Companies that don't use the technologies they develop are likely to lose them. Key features Over the past several years, Hank Chesbrough has done excellent research a...more
Paperback, 272 pages
Published
September 1st 2006
by Harvard Business Review Press
(first published March 1st 2003)
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This book successfully provided a succinct history of big R&D (think Bell Labs, IBM, Xerox, Intel), what worked and why. It goes on to describe the changes to the environment, and what seems to be working and not working today for innovation of new technology. Although the book was first published in 2006, the statistics date from 2001 or 2002 at best, and the bulk of data seems to be based in the 90’s. For better or worse, it seems to date the book. The other negative I took away was the In...more
Before I read this book I thought I knew a lot about innovation in business and organizations. This book opened a whole new direction of possibilities for understanding and doing innovation. It challenges the paradigm of recent decades of Closed Innovation, and shows why every company which is serious regarding innovation in these fast changing times, must carefully consider the way it leverages not only its internal sources of innovation but the myriad of external opportunities to innovate.
The...more
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I just re-read this great book. I think this book was written several years ahead of it's time. Even today most companies will struggle with the level of transparency and collaboration required to adopt the principles in Open Innovation but they hold the keys to surviving in the new economy.
Great start to step into the Innovation Era with this book. You've to listen when the real guru speak it out then creat your own idea on top and make it happen!
Incredible case study of some of the great closed innovation failures, and why open innovation is the way of the future.
Jun 20, 2009
John De Leon
is currently reading it
Interesting insight into how big companies can innovate like they're small companies
Worth the read, if only of the interesting history about some of the tech gigants of today such as Intel and IBM.
A milestone at Innovation in this century. Don't miss it.
I wish he talks about how we can fix NIH.
Chesbrough does a good job explaining how the current abundace of knowledgde has made open innovation a more fitting innovation model for business than closed innovation.
I liked how he made it clear that innovations always have to come with a business model, how most of the smart people don't work for your company (regardless of the domain or the company) and how you should actively manage your IP and make smart use of other people's IP.
I enjoyed the Xerox and IBM case studies and had less affin...more
I liked how he made it clear that innovations always have to come with a business model, how most of the smart people don't work for your company (regardless of the domain or the company) and how you should actively manage your IP and make smart use of other people's IP.
I enjoyed the Xerox and IBM case studies and had less affin...more
Quite a long book to state the obvious!
A good book, even though it's dated, but it really needs a goo conclusion section. It just sort of ends...
May 14, 2013
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