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eBook Open Innovation
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Product Description
Get inspired by “Open Innovation Guide” with case studies, examples, mobile Website and videos on the Open Innovation.
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What is Open Innovation?
The term “Open Innovation” was eventually coined by Berkeley Professor Henry Chesbrough in 2003, and since then it has influenced the mindset of companies around the globe. Having initially evolved from the high-tech sector, especially software firms, the Open Innovation paradigm has now spread to most industries around the world, and has become a hot topic in innovation communities.
Most of the smartest people work for someone else, says Joy’s law – named after Sun Microsystems’ founder Bill Joy.
Tapping into this intelligence to improve product/service offerings or their processes is the basic principle of Open Innovation.
The concept of Open Innovation has radically changed the way we think of innovation. Even though Open Innovation takes various forms, its key message remains the same:
Opening up innovation activities by either harnessing external ideas internally and/ or leveraging internal ideas externally.
The world has changed! An increasingly global business environment combined with rapid technological progress has changed the framework in which companies operate.
Confronted with this growing complexity in combination with growing customer demands, fierce competition and market pressure, companies have started to recognise that the “invent-it-ourselves” model is no longer sufficient to stay competitive.
The model is both too slow and costly, and does not provide the right access to technologies and talent. The focus for many companies has changed from continuous development to rapidly develop and test new business models in the market. Open Innovation (OI) is key to tackle these challenges. When considering an innovation process, companies need to have the right answers to major challenges and questions, such as:
What kind of OI is best for my organisation? Are we part of the right ecosystem? How do we access appropriate technological facilities? What about our human capital? Do we know how to respond to this crucial factor for OI success? Are there any successful business models? Which one fits our organisation?
You can find answers to these questions in our email course and Open Innovation guide, which reflects the results of survey conducted by ACE in 2012.
Benefits of Open Innovations
Across different types of organisations – small and big, public and private – many have created their own experiences when applying OI approaches in their innovation processes. We carried out a survey on the benefits of OI. Private companies emphasise that OI:
Improves research and development (R&D) performance (93%) Improves efficiency and realise cost savings (86%) Increases the success rate of their products/services (82%)
Public sector organisations can use OI to tap into the unlimited creativity of their citizens to find solutions to bigger societal challenges. Moreover, they can act as experimentation territories by applying technologies developed by the private sector to real life conditions. In the public sector OI helps to:
Reinforce cooperation with citizens to develop social innovation projects; Provide better transfer of knowledge, people and technologies.
The Open Innovation course is the first on-line educational course on this theme in Europe!
You are receiving a tool for competitiveness increase in the era of globalization.
If you want to utilize it, don´t hesitate and order the eBook on Open Innovation !
eBook ”A comprehensive guide to “Efficient Open Innovation”
Five common pitfalls when implementing OI
Best Practices – thanks to OI principles and implementation
Mobile application and videos on Open Innovations
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e-mail course on Open Innovation including free eBook “Open Innovation Guide” with case studies, examples, mobile Website and videos on the Open Innovation.
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