Weighing the Pros and Cons of Engaging in Open Innovation

The positive aspects of open innovation projects are widely discussed in innovation management research and practice by means of case studies and best practices. However, enterprises, particularly small and medium-sized enterprises (SMEs) also face...

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Ideas for Change by Henry Chesbrough

Not all the smart people work for your company. Henry Chesbrough explains how corporations can all benefit from open innovation. This is true both from the outside in -- leveraging external ideas and technology to reduce costs and time spent in...

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Beyond Social CRM: The Open Innovation Revolution

The idea of bringing customers into the process of defining the products and service of your organization is one that is gaining a lot of steam. One manifestation of that is the increased interest in Social CRM. In this scenario, companies engage...

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Evolution of open innovation

Fundamentally, open innovation suggests that the benefits firms gain from internal R&D activities have declined and subsequently firms now spend little on R&D; and knowledge and expertise is drawn from a wide range of external resources. It...

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Business models and open innovation

Business models and open innovation: background Companies realize different outcomes from open innovation. Three possible reasons emerge from extant open innovation literature. One research stream ascribes the inter-company performance heterogeneity...

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The 6 Emerging Trends in Open Innovation for 2018

On the occasion of the 2017 Award Ceremony of SEP Europe’s Corporate Startup Stars we published a research snapshot with insights into the open innovation activities of leading European firms. Based on the data we collected, as well as Mind the...

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