Open Innovation:
The New Imperative For Creating and Profiting from Technology

The term “Open innovation” was originated and developed in this 2003 Harvard Business School Press book by Henry Chesbrough, based on his research on the innovation practicles of large multinational companies.

The book received critical praise from leading scholars and executives. As John Seeley Brown, former head of Xerox PARC, explains in his forward:

The open innovation model that Chesbrough describes in this book shows the necessity of both letting ideas flow out of the corporation in order to find better sites for their monetization and also to flow into the corporation as new offerings and new business models. … This book is a timely, carefully researched and thoughtfully articulated effort towards that end.