Open Innovation.

Henry Chesbrough

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In Circulation

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 and writing on the commercialisation of technology and the changing role and context for R&D. This book represents a powerful synthesis of that work in the form of a new paradigm for managing corporate research and bringing new technologies to market Chesbrough impressively articulates his ideas and how they connect to each other, weaving several disparate areas of work R&D, corporate venturing, spinoffs, licensing and intellectual property into a single coherent framework.

What will you learn from this book

  1. Traditional Innovation vs. Open Innovation: Chesbrough contrasts traditional closed innovation, where ideas are developed internally, with open innovation, which leverages external sources of ideas and collaboration.

  2. External Ideas and Paths to Market: Open innovation involves incorporating external ideas as well as internal ones, and finding new paths to market for these ideas.

  3. Internal and External Innovation: Companies should use both internal and external paths to advance their technologies.

  4. Monetizing Intellectual Property: Chesbrough discusses the importance of monetizing intellectual property through licensing, spin-offs, and other means.

  5. Business Model Innovation: The book emphasizes the significance of business model innovation, which involves rethinking how value is created and captured.

  6. Collaboration with External Partners: Open innovation encourages collaboration with external partners such as customers, suppliers, and universities to co-create value.

  7. Open Innovation in Large Companies: Chesbrough discusses how large companies can adopt open innovation practices to stay competitive and foster a culture of innovation.

  8. Open Innovation in Startups: The book also explores how startups can benefit from open innovation by leveraging external resources and partnerships.

  9. Managing Intellectual Property: Chesbrough provides insights into how companies can manage their intellectual property in an open innovation context, including strategies for protecting and sharing IP.

  10. Open Innovation Ecosystems: Finally, the book discusses the concept of open innovation ecosystems, where companies collaborate within a network to innovate and create value collectively.

Language English
ISBN-10 1422102831
ISBN-13 9781422102831
No of pages 227
Font Size Medium
Book Publisher Harvard Business Review Press
Published Date 01 Sep 2006

About Author

Author : Henry Chesbrough

4 Books

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