Arthur B. Markman (ed.)
- Published in print:
- 2016
- Published Online:
- June 2016
- ISBN:
- 9780199374441
- eISBN:
- 9780190609023
- Item type:
- book
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199374441.001.0001
- Subject:
- Psychology, Social Psychology
Many firms want to innovate, but have a hard time overcoming their corporate culture to allow them to develop and commercialize innovative ideas. This book brings together contributions from ...
More
Many firms want to innovate, but have a hard time overcoming their corporate culture to allow them to develop and commercialize innovative ideas. This book brings together contributions from academics and people in the business community to explore methods for opening up the innovation process to make it more successful. The book starts by defining the concept of open innovation. Then, it examines ways to bring more people into the innovation process at all stages including idea development, evaluation, and commercialization. This work provides a current perspective on the state-of-the-art in open innovation.Less
Many firms want to innovate, but have a hard time overcoming their corporate culture to allow them to develop and commercialize innovative ideas. This book brings together contributions from academics and people in the business community to explore methods for opening up the innovation process to make it more successful. The book starts by defining the concept of open innovation. Then, it examines ways to bring more people into the innovation process at all stages including idea development, evaluation, and commercialization. This work provides a current perspective on the state-of-the-art in open innovation.
Henry Chesbrough and Alberto Di Minin
- Published in print:
- 2014
- Published Online:
- December 2014
- ISBN:
- 9780199682461
- eISBN:
- 9780191762895
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199682461.003.0009
- Subject:
- Business and Management, Innovation
Open innovation has largely been studied in the private, for-profit sector of the economy in different countries around the world. This chapter considers the less examined role that open innovation ...
More
Open innovation has largely been studied in the private, for-profit sector of the economy in different countries around the world. This chapter considers the less examined role that open innovation is playing in public agencies and in non-profit organizations and we define Open Social Innovation (OSI) to be the application of either inbound or outbound open innovation strategies, along with innovations in the associated business model of the organization, to social challenges. While many elements of open innovation remain quite relevant to these different kinds of organizations, there are differences that must be considered when applying open innovation to them. We sketch these differences using qualitative evidence and secondary research, with a particular emphasis on three mini-cases: the City of Birmingham England’s child welfare agency, Emergency, and Ashoka.Less
Open innovation has largely been studied in the private, for-profit sector of the economy in different countries around the world. This chapter considers the less examined role that open innovation is playing in public agencies and in non-profit organizations and we define Open Social Innovation (OSI) to be the application of either inbound or outbound open innovation strategies, along with innovations in the associated business model of the organization, to social challenges. While many elements of open innovation remain quite relevant to these different kinds of organizations, there are differences that must be considered when applying open innovation to them. We sketch these differences using qualitative evidence and secondary research, with a particular emphasis on three mini-cases: the City of Birmingham England’s child welfare agency, Emergency, and Ashoka.
Henry Chesbrough and Chris Winter
- Published in print:
- 2014
- Published Online:
- December 2014
- ISBN:
- 9780199682461
- eISBN:
- 9780191762895
- Item type:
- chapter
- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199682461.003.0011
- Subject:
- Business and Management, Innovation
Outside-in Open Innovation is widely adopted by companies and also the most often studied by academics. Yet there is a second half to the open innovation model: the inside-out portion. This chapter ...
More
Outside-in Open Innovation is widely adopted by companies and also the most often studied by academics. Yet there is a second half to the open innovation model: the inside-out portion. This chapter examines the underpinnings of the inside-out model, and sketches a number of applications of it. In particular, the chapter looks at why corporations are well-advised to allow internal projects to go to the outside, through a corporate venture spin-out process. The chapter identifies a particular novel kind of spin-out, the complex spin-out venture. Complex spin-outs require extensive integration of multiple technologies and assets in the formation of the venture, a process where a corporation may have a natural advantage over traditional venture capital. Complex spin-out ventures can create new options for the company, support business model innovation, and lead to competitively advantaged ventures that traditional VC is not well suited to achieve.Less
Outside-in Open Innovation is widely adopted by companies and also the most often studied by academics. Yet there is a second half to the open innovation model: the inside-out portion. This chapter examines the underpinnings of the inside-out model, and sketches a number of applications of it. In particular, the chapter looks at why corporations are well-advised to allow internal projects to go to the outside, through a corporate venture spin-out process. The chapter identifies a particular novel kind of spin-out, the complex spin-out venture. Complex spin-outs require extensive integration of multiple technologies and assets in the formation of the venture, a process where a corporation may have a natural advantage over traditional venture capital. Complex spin-out ventures can create new options for the company, support business model innovation, and lead to competitively advantaged ventures that traditional VC is not well suited to achieve.
