Section » In Practice
At the Court of King Henry
The Deloittereview.com website has published an interview with Henry Chesbrough, originator of the open innovation concept, on all things open innovation and the challenges of sustaining the open business model. Chesbrough discuses the genesis of the OI concept, the importance of business models, the optimal conditions for making OI work, intellectual
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The Ernst & Young website has an article which presents an audit aimed at helping companies assess their readiness for open innovation and, where necessary, optimize structures and processes. The audit documents the company’s actual situation with regard to specific criteria and endeavors
Aspects of Open Innovation Companies
The OpenInnovation.eu website reports on a study by the Open Innovation Research Forum – part of the University of Cambridge – of almost 1200 German innovation companies. The paper tested the hypothesis that several different innovation-enabling factors would generate more revenue within
Seven Ways to Make Open Innovation Work in Europe
The Science|Business website outlined a report describing how governments can can play a key role in triggering new models of collaboration. Government can be a catalyst – that’s one of many lessons that are starting to emerge around the world as open innovation is practiced. The report outlined
Using Web 2.0 Technologies to Connect Innovation Partners
The website AltTox.org reports that the concept of open innovation, to leverage internal and external resources for the creation of new products and technologies and then using the most appropriate business model for marketing the new innovations, had been in practical use within the R&D laboratories
Cambridge partners with Lilly in Open Innovation Drug Discovery Platform
The Cambridge Interprise website reports that the University of Cambridge is partnering with global pharmaceutical company Eli Lilly and Company in an active collaboration programme helping to find and develop potential new medicines, particularly in the areas of greatest need. Over 60 European institutions
Wiring the open-source enterprise
The McKinsey Quarterly notes that open innovation isn’t a a new phenomenon. But open innovation has spread to a range of industries that use external insights to boost internal R&D efforts or even rely on outside networks for core product ideas. The latest research on Web 2.0 technologies
Firms test new R&D models
The WARC website reports that brand owners like Procter & Gamble, Unilever and General Mills are making enhanced use of open innovation as they seek to drive growth. Procter & Gamble, the consumer goods giant which spends $3bn a year on R&D, has been a particular advocate of this model,
Open Innovation or Lip Service
The Digital for Real Life website notes the increasing popularity of open innovation and asks whether as more and more companies see the rewards of opening their walls to different kinds of thinking, which companies truly will follow the intricate process of open innovation vs. those who will use
Innovative Matchmakers
The Financial Times reports that “Not invented here”, or plundering technologies and innovations across disciplines and geographies, is the mantra increasingly heard in boardrooms and on factory floors. Procter & Gamble, the fast-moving consumer goods company, aims to triple sales