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open innovation

 
 
model's image

characteristics

author:
Chesbrough, Henry W.
country:
United States
period:
2003
type:
model
role:
change agent and manager
activity:
analyse and design
topic:
strategic management, innovation & risk and technology & operations
abstr. level:
environment
perspective:
learning
status:
for review
module:
innovation
comments:
0
 

description:

Open Innovation offers a philosophy on organising innovation processes at corporate R&D departments. Organisational structures can be devised that increase the innovative capacity of firms by (1) better integrating external sources in their internal development efforts and (2) better monetizing internally created technologies by selling them to the market. Henry W. Chesbrough’s buil...

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