Open Innovation: The New Imperative for Creating And Profiting from Technology

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Open Innovation: The New Imperative for Creating And Profiting from Technology
by Henry William Chesbrough
from Harvard Business School Press

Customer Reviews:

• Avg. Customer Rating: 3.5 / 5.0

• Open Innovation: The New Imperative for Creating And Profiting from Technology
  HS has once again written a compelling book. Same lines as Tushman: how to use new technology and profit from it - or how to use external resources and profit from them (cf. Teece, dynamic capabilities or resource based view of the firm, and knowledge based view of the firm)

• Read Open Business Models Instead
  To put my response in context, I work with startup companies every day so I'm continually exposed to the importance of IP and business models and markets and markets and suppliers and distributors... many of the elements that that turn a cool idea or a cool technology into a profitable product.
  From that perspective, both this book and Open Business Models are a disappointment. As I would suggest that you only read one (and in most cases the latter), I'll briefly review both here.
  Open Innovation... more info

• Open Innovation
  In many parts of the world, the researches setting off from similar thoughts may put forth similar ideas. In the gradually developing information era, accessing this information is much easier. Open Innovation appears as a book supporting the concept of outsourcing in R&D. In this book, not only benefiting from the technology, but also the activities required to achieve it are explained. So, a new vision is provided to companies' innovation processes. This book is a study supporting the rapid... more info

• Good
  This is a useful book. Open innovation is a very old idea but the author does a good job explaining what it is and how it can be helpful -- and even essential -- to an enterprise. The fact is that most companies are doing some version of this today but they could do much more. The hard part is in getting real value out of the partnerships that can be formed while overcoming internal issues, such as NIH. The author says little about these other problems that limit the effectiveness of open innovation.

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