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

Chesbrough, Henry William

Softcover

ISBN 10: 1422102831 ISBN 13: 9781422102831

Publisher: Harvard Business Review Press, 2006

Synopsis

The great corporate research departments at companies like Bell Labs, IBM and Xerox were once the motor of American industry. But that may be changing, according to this probing academic study of corporate technological innovation. Chesbrough, an assistant professor at the Harvard Business School, argues that the old "closed innovation" model-vertically integrated research-and-development departments that develop technology in-house for the sole use of their corporate parent-is becoming obsolete in an age of mobile scientific workers, ubiquitous high-tech startups and a growing extra-corporate research establishment at university labs. Modern technology powerhouses like Cisco and Microsoft do little of their own basic research, he reports; instead they have dropped the "do-it-all-yourself" approach and pioneered a new model of "open innovation," in which companies import ideas from without and let their own innovations enter the wider marketplace. Drawing on case studies of companies...

About this title

Synopsis:

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.

About the Author:

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

About this edition

• Publisher: Harvard Business Review Press
• Publication date: 2006
• ISBN 10: 1422102831
• ISBN 13: 9781422102831
• Binding: Paperback
• Edition number: 1
• Number of pages: 272