IMEC A Open Innovation in Research Organizations Henry W Chesbrough Wim Vanhaverbeke Lola Odusanya 2009
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Section: Definition Write: Open Innovation is not just a buzzword. It is the practice of involving external parties in innovation and exploitation processes to build capabilities. Its benefits include innovation competitiveness and sustainability. It is a process that has been around for over 100 years in industry (Nordenfelt 2013). But in recent years it has gained more recognition. In its essence, open innovation involves three inter-related elements: 1. Open: It means that the
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I am a researcher at IMEC A, an innovation support organization. I spent a semester (winter semester, 2015) visiting the MIT Media Lab, one of the most renowned research and development laboratories for design and development. In a small and cozy conference room, I learned of the Open Innovation model (OI) from Henry W Chesbrough and Wim Vanhaverbeke. While researching for the book I published, I willingly took the time to learn about the OI,
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“It is not how much you contribute to open innovation, but how open you are to be.” The idea of open innovation (OI) is that by working closely with outside experts, you can unlock new insights, improve product performance, reduce costs and gain valuable new technologies (“unleash the power of the unanticipated”). IMEC, an independent R&D institute, has been a pioneer in OI for more than 10 years. As a leading global player in electronics technology, IMEC
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In 2009, my friend and colleague Lola Odusanya and I worked with Henry W Chesbrough (Harvard Business School) and Wim Vanhaverbeke (Ghent University, Belgium) on their open innovation research project. We presented our findings at the 2010 Harvard Business School INSEAD International Knowledge Transfer and Development conference. Chesbrough’s research has shown that open innovation is the result of collaborative partnerships between an organization, the market and the innovation ecos
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IMEC A Open Innovation in Research Organizations Innovation Management: Open Innovation in Research Organizations Open innovation is a strategy that embraces the notion that innovation should be distributed outside of traditional innovation centers and organizations (Koontz, 2011). Open innovation has been a relatively new concept, although researchers such as C.A. Crowe, T. Middlemas, and M.M. Torabi have identified that open innovation has an important
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