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

by

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

 

Synopses & Reviews

Publisher Comments:

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 Innovation shows how a company can use its business model to identify a more enlightened role for R&D in a world of abundant information, better manage and access intellectual property, advance its current business, and grow its 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.

Book News Annotation:

Chesbrough (business, Harvard U.) argues that the way businesses develop new ideas and bring them to market is shifting from a closed approach in which a company develops innovation internally and keeps control of it, to an open approach in which companies draw ideas from outside. Annotation (c)2003 Book News, Inc., Portland, OR (booknews.com)

Synopsis:

This work provides a new paradigm for managing corporate research and bringing new technologies to market. It includes four case studies (Xerox-PARC), IBM, Intel, and Lucent) showing the open innovation paradigm in all its potential, and risk.

About the Author

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

Table of Contents

Xerox PARC: the achievements and limits of closed innovation — The closed innovation paradigm — The open innovation paradigm — The business model--connecting internal and external innovation — From closed to open innovation: the transformation of the IBM corporation — Open innovation @ Intel — Creating new ventures out of internal technologies: Lucent's new ventures group — Business models and managing intellectual property — Making the transition.

Product Details

ISBN:
9781578518371
Author:
Chesbrough, Henry Wi
Publisher:
Harvard Business School Press
Author:
Chesbrough, Henry William
Location:
Boston, Mass.
Subject:
Management
Subject:
Automation
Subject:
Technological innovations
Subject:
Diffusion of innovations
Subject:
High technology industries
Subject:
Production & Operations Management
Subject:
Research, industrial
Subject:
Technological innovations -- Management.
Subject:
BUSINESS STRATEGY
Copyright:
Edition Description:
Trade Cloth
Series Volume:
107-88
Publication Date:
20030431
Binding:
HARDCOVER
Language:
English
Illustrations:
Yes
Pages:
227
Dimensions:
9.2 x 6.4 in 20.4 oz

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Related Subjects

Business » Human Resource Management
Business » Management
Business » Project Management
Business » Strategy

Open Innovation: The New Imperative for Creating and Profiting from Technology Used Hardcover
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Product details 227 pages Harvard Business School Press - English 9781578518371 Reviews:
"Synopsis" by , This work provides a new paradigm for managing corporate research and bringing new technologies to market. It includes four case studies (Xerox-PARC), IBM, Intel, and Lucent) showing the open innovation paradigm in all its potential, and risk.
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