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Open Innovation: Key Competitive Factor for Banks

Open Innovation: Key Competitive Factor for Banks

By • on March 9, 2014

The Crowdsourcing.org website reports that the potential that open innovation yields for  banks has been captured in a new study released by GFT, a leading international IT solutions  providers to the financial sector. It’s increasingly important for financial institutions to differentiate themselves with innovative  products and services–including

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The Economics Of Open Source

The Economics Of Open Source

By • on February 15, 2014

An article on the Tech Crunch website reported that the success of technology companies using open source, and the apparent failure of open source is a head scratcher. Yet both are true, but not for the reasons some would have you believe. The success or failure of open source is not the software

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Henry Chesbrough: The World in 2014

Henry Chesbrough: The World in 2014

By • on January 10, 2014

The Economist website posted an article which noted that Cassandra has every reason to fear innovation. A particularly nifty piece of Greek engineering once brought doom to her family in the shape of a horse. By contrast, Henry Chesbrough, faculty director of the Garwood Center for Corporate Innovation

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Can technology improve business innovation?

Can technology improve business innovation?

By • on December 4, 2013

The ZDnet website noted that it sometimes seems that just about anything can be improved by incorporating the latest high tech gadget or a new app that can solve that nagging little problem for your business. However, there do seem to be a few important challenges that are stubbornly resistant to

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Talking #Open Innovation with Prof. Henry Chesbrough

Talking #Open Innovation with Prof. Henry Chesbrough

By • on February 16, 2013

The IntelligentHQ website posted an interview with Henry  Chesbrough. Chesbrough has written extensively on the topic of open innovation, a term that he coined in his award-winning book Open Innovation: The New Imperative for Creating and Profiting from Technology . More recently, Chesbrough has turned

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Open Services Innovation

Open Services Innovation

By • on January 29, 2013

The Prezi website posted a slide show by Leidy Tatiana Rodriguez Torres showing how he concept of Open Innovation can be applied to services industries. The collective intelligence of a larger group of people exceeds that of a few, both in terms of ideas and knowledge. We know much less about how

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Open Innovation 2012

Open Innovation 2012

By • on January 20, 2013

The Open Innovation Platform of the European Commission posted an article which represents one perspective of the need to create a new societal fabric for user-centric innovation, especially for the services sector. The knowledge-intense services will be the key for the creation of new growth beyond

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The Customer Defines the Value of Innovation

The Customer Defines the Value of Innovation

By • on November 20, 2012

In this YouTube video, Henry Chesbrough argues shares his insights on the statement “ultimately, it is the customer who define the value of innovation.” The project Value Driven Service Innovation (VDSI) is a research collaboration among BI Norwegian Business School, University of California

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GE: Profiting from Open Services Innovation

GE: Profiting from Open Services Innovation

By • on November 9, 2012

The Innovation Excellence website posted an article by Henry Chesbrough which notes that  as new products come to market with increasing frequency and take valuable market share, more and more companies are finding it increasingly challenging to keep up and compete. Product life span is further shortened

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The Changing Nature of Innovation

The Changing Nature of Innovation

By • on October 25, 2012

The sidlaurea website notes that many companies are recognizing the need to continually develop innovation services that are responsive to consumer needs. In his latest book, Open Services Innovaation, Henry Chesbrough is framing services innovation as no longer depending mainly on science and technology

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