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

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Harvard Business Press, 2003 - Business & Economics - 227 pages
13 Reviews
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.


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

User Review  - Goodreads

Open Innovation propounds the thesis that corporations should take a broader approach to innovation and IP (assuming that doing so fits within the company's business model). This book is essentially a ... Read full review

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

User Review  - Goodreads

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


Xerox PARC
The Closed Innovation Paradigm
The Open Innovation Paradigm
The Business Model
From Closed to Open Innovation
Open Innovation Intel
Creating New Ventures out of Internal Technologies
Business Models and Managing Intellectual Property
Making the Transition

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About the author (2003)

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

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