1578518377 9781578518371 9781422102831 1422102831 1423766660 electronic book 9781423766667 electronic book 9789781422102 9781422106
Alternate Call Number
F 191 CHE.O
Summary
Annotation In Today'S Information - RICH environment, companies can no loger 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 pathbreaking analysis is based on extensive field research, academic study, and the author's own longtime experieance working in Silicon Valley. Through rich descriptions of the innovation processes of Xcrox, IBM, Lucent, Intel, Merck, and Millennium, and the many spin-offs that have emerged from these firms, Open Innovation shows how companies can use their business model to identify a more enlightened role for R & D in a world of abundant information, better manage and access intellectual property, advance their current business, and grow their 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.
Note
Annotation In Today'S Information - RICH environment, companies can no loger 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 pathbreaking analysis is based on extensive field research, academic study, and the author's own longtime experieance working in Silicon Valley. Through rich descriptions of the innovation processes of Xcrox, IBM, Lucent, Intel, Merck, and Millennium, and the many spin-offs that have emerged from these firms, Open Innovation shows how companies can use their business model to identify a more enlightened role for R & D in a world of abundant information, better manage and access intellectual property, advance their current business, and grow their 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.
Bibliography, etc. Note
Includes bibliographical references and index.
Formatted Contents Note
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.
Published
Boston, Mass. : Harvard Business School Press, [2003]