This session focuses on the growth of “open innovation”. The orthodox “closed” model of innovation sees innovation as taking place within organisation who develop their original ideas and market them. Open innovation is a more flexible model where organisations may use ideas originating elsewhere or allow their own innovations to be developed by firms in a better position to market them.
Be able to:
Chesbrough, HW 2003, ‘The Era of Open Innovation’, MIT Sloan Management Review, 44, 3, pp. 35-41.
On line text of Democratizing Innovation, Eric Von Hippel, 2005.