"The term was originally referred to as 'a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology'."
A framework for leveraging external resources and collaborating with other organizations to accelerate innovation.
Definition and principles of open innovation: Understanding the concepts and principles of open innovation, which involves collaborating with external partners to bring new ideas and technologies to the market.
Open innovation process models: Understanding the different models of open innovation such as inbound, outbound, coupled, and open business models.
Open innovation platforms: Exploring the different tools and platforms that facilitate open innovation collaboration, such as crowdsourcing, hackathons, open-source software, and social media platforms.
Intellectual property rights in open innovation: Understanding the role of IP rights, licensing, and patent protection in fostering open innovation.
Open innovation strategies: Understanding the different approaches to open innovation such as responding to customer needs, seeking external partners, and exploring new markets.
Collaborative innovation ecosystems: Understanding the ecosystems that foster innovation, such as innovation hubs, universities, and startup accelerators.
Innovation culture: Building a culture of innovation, which involves creating an environment that fosters creativity, teamwork, and risk-taking.
Innovation leadership: Developing effective innovation leadership, which involves inspiring and encouraging employees to take innovative risks and implement new ideas.
Metrics and measurement of innovation: Developing key performance indicators to measure innovation success including ROI, research investment, number of patents, and customer satisfaction.
Open innovation challenges: Learning about the challenges that come with open innovation, including IP concerns, communication barriers, and challenges of integrating external stakeholders.
Crowdsourcing: A process where a large group of people is invited to contribute to solving a problem or generating ideas.
Hackathons: A short-term event that brings together individuals or teams to collaborate, create and develop new products or services.
Innovation contests: Competitions where participants submit ideas for a chance at winning a prize, often used to solve specific business problems.
Open design: The creation of products or services that are openly available for others to use, modify, or build upon.
Co-creation: A collaborative process where companies and customers work together to create products or services that are tailored to their needs.
Innovation partnerships: Collaboration with external partners (companies or individuals) to generate new ideas, solve problems, or develop new products or services.
User-led innovation: Users are actively involved in the innovation process, providing feedback, and suggesting improvements.
Open-source innovation: The development of open-source software or hardware, where the design and source code are freely available for anyone to use, modify, and distribute.
Licensing: Allowing other companies to use or modify intellectual property for a fee or other benefit.
Joint ventures: Companies joining forces to develop new products or services, sharing resources and expertise to achieve a common goal.
"The term 'open innovation' in reference to the increasing embrace of external cooperation in a complex world has been promoted in particular by Henry Chesbrough."
"The benefits and driving forces behind increased openness have been noted and discussed as far back as the 1960s, especially as it pertains to interfirm cooperation in R&D."
"It is defined as 'a distributed innovation process based on purposively managed knowledge flows across organizational boundaries, using pecuniary and non-pecuniary mechanisms in line with the organization's business model'."
"It also includes creative consumers and communities of user innovators."
"Innovations can easily transfer inward and outward between firms and other firms and between firms and creative consumers, resulting in impacts at the level of the consumer, the firm, an industry, and society."
"The central idea behind open innovation is that, in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or license processes or inventions from other companies."
"Inbound open innovation refers to buying or licensing processes or inventions, while outbound open innovation involves taking internal inventions not being used in a firm's business outside the company."
"The open innovation paradigm can be interpreted to go beyond just using external sources of innovation such as customers, rival companies, and academic institutions, and can be as much a change in the use, management, and employment of intellectual property."
"It is understood as the systematic encouragement and exploration of a wide range of internal and external sources for innovative opportunities, the integration of this exploration with firm capabilities and resources, and the exploitation of these opportunities through multiple channels."
"Open innovation can be analyzed at the level of the company, inter-organizational level, intra-organizational level, extra-organizational level, and at industrial, regional, and societal levels."
"Recent studies have also started to explore Open Innovation at the individual level (decision-makers, managers, or entrepreneurs), its Human Side, and how companies' decision-makers frame the choice between implementing Open Innovation or more traditional approaches to innovation."
"Open innovation is a term used to promote an information age mindset toward innovation that runs counter to the secrecy and silo mentality of traditional corporate research labs."
"Firms can and should use external ideas as well as internal ideas and internal and external paths to market as they look to advance their technology."
"It also includes creative consumers and communities of user innovators."
"The boundaries between a firm and its environment have become more permeable; innovations can easily transfer inward and outward between firms and other firms and between firms and creative consumers."
"Innovations can result in impacts at the level of the consumer, the firm, an industry, and society."
"The term was originally referred to as 'a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology'."
"Pecuniary and non-pecuniary mechanisms are used in line with the organization's business model."
"It is a distributed innovation process based on purposively managed knowledge flows across organizational boundaries."