Open Innovation: The New Imperative for Creating and Profiting from Technology

Henry William Chesbrough

Harvard Business Press, 2003 - Business & Economics - 227 pages

In today's information-rich environment, companies can no longer afford to rely entirely on their own ideas to advance their business, nor can they restrict their innovations to a single path to market. As a result, says Harvard Business School professor Henry W. Chesbrough, the traditional model for innovation--which has been largely internally focused, closed off from outside ideas and technologies--is becoming obsolete. Emerging in its place is a new paradigm, "open innovation," which strategically leverages internal and external sources of ideas and takes them to market through multiple paths.

This path-breaking analysis is based on extensive field research, academic study, and the author's own longtime experience working in Silicon Valley. Through rich descriptions of the innovation processes of Xerox, IBM, Lucent, Intel, Merck, and Millennium, and the many spin-offs that have emerged from these firms,Open Innovationshows how companies can use their business model to identify a more enlightened role for R&D in a world of abundant information, better manage and access intellectual property, advance their current business, and grow their future business.

Arguing that companies in all industries must transform the way they commercialize knowledge, Chesbrough convincingly shows how open innovation can unlock the latent economic value in a company's ideas and technologies.
AUTHORBIO: Henry W. Chesbrough is an Assistant Professor and the Class of 1961 Fellow at Harvard Business School.

What people are saying

Review: Open Innovation: The New Imperative for Creating And Profiting from Technology

User Review  - Greg Fay - Goodreads

Incredible case study of some of the great closed innovation failures, and why open innovation is the way of the future.

Review: Open Innovation: The New Imperative for Creating And Profiting from Technology

User Review  - Vanda - Goodreads

A good book, even though it's dated, but it really needs a goo conclusion section. It just sort of ends...

Contents

• Xerox PARC: 1
• The Closed Innovation Paradigm: 21
• The Open Innovation Paradigm: 43
• The Business Model: 63
• From Closed to Open Innovation: 93
• Open Innovation Intel: 113
• Creating New Ventures out of Internal Technologies: 135
• Business Models and Managing Intellectual Property: 155
• Making the Transition: 177
• Notes: 197
• Index: 218

About the author

Henry Chesbrough is an Assistant Professor of Technology and Operations Management at Harvard Business School.

Bibliographic information

• Title: Open Innovation: The New Imperative for Creating and Profiting from Technology
• Author: Henry William Chesbrough
• Edition: illustrated
• Publisher: Harvard Business Press, 2003
• ISBN: 1578518377, 9781578518371
• Length: 227 pages
• Subjects: Business & Economics / Management; Business & Economics / Production & Operations Management