Henry Chesbrough Conceptually it is a more distributed more participatory more decentralized approach to innovation based on the observed fact that useful knowledge today is widely distributed and no company no matter how capable or how big could innovate effectively on its ID: 782117
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Slide1
Open Innovation
How organizations innovate on products, services, technologies, and innovation
Slide2Henry Chesbrough
“Conceptually
, it is a more distributed, more participatory, more decentralized approach to innovation, based on the observed fact that useful knowledge today is widely distributed, and no company, no matter how capable or how big, could innovate effectively on its
own.”
“For
business, open innovation is a more profitable way to innovate, because it can reduce costs, accelerate time to market, increase differentiation in the market, and create new revenue streams for the
company.”
Slide3GE
Ecoimagination
challenges: draw out “great ideas on big issues”
FirstBuild
: Partner with Local Motors to co-create a new world of home appliances
Core valuesCustomer focusAccreditation & recognitionTransparency (evaluation criteria, rules, compensation, IP rights)Continue to experiment, collaborate, and learn
Slide4Samsung
Small teams of 5-6 people work on a project
Benefits of start-up environment
Autonomy
Nimbleness
Freedom to build Benefits of belonging to large organizationFinancial supportDistribution
Slide5LEGO
Interview companies implementing open innovation
Input from 30 practitioners
Set up micro pilots to test capabilities, culture, and appetite
Utilize your consumer base
Slide6Sources
3 Successful Open Innovation Cases: GE, Samsung, and LEGO
Everything You Need to Know About Open Innovation