Open season for innovators
Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting‐edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Open innovation might well be a term that has only been with us since the beginning of the twenty‐first century, but the issues it raises have been with us as long as the market economy has existed. One of Henry W. Chesbrough's key observations, at the heart of his seminal 2003 work on the subject, was that “not all the smart people work for us”; external knowledge should be brought on board in order to maximize potential competitive advantage. Practical implications – The paper provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.
Year of publication: |
2013
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Published in: |
Strategic Direction. - Emerald Group Publishing Limited, ISSN 1758-8588, ZDB-ID 2089990-7. - Vol. 29.2013, 7, p. 6-9
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Publisher: |
Emerald Group Publishing Limited |
Subject: | Competitive advantage | Economic rents | Innovation | Innovation performance | Open innovation | 3‐D printing |
Saved in:
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