Managing Open Innovation


This concept summarises the benefits of open innovation, presents the challenges and limitations of adopting open innovation technologies and captures best practice and experiences from real-life industrial open innovation projects.

Technique Overview

Managing Open Innovation Definition

Open Innovation is a term defined and made famous by Prof. Henry Chesbrough in his ground-breaking book “Open Innovation: The New Imperative for Creating and Profiting from Technology” (2003, Harvard Business School Press). Chesbrough defines Open Innovation as a paradigm that assumes that firms wishing to advance their technology can and should use external ideas as well as internal ideas, and internal and external paths to the market (Chesbrough, 2003).

Managing Open Innovation Description *

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Business Evidence

Managing Open Innovation Strengths *

Managing Open Innovation Weaknesses *

Examples of Managing Open Innovation *

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Business Application

Managing Open Innovation Implementation *

Success Factors of Managing Open Innovation *

Measures of Managing Open Innovation *

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Professional Tools

Managing Open Innovation Videos *

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Further Reading

Managing Open Innovation Web Resources *

Managing Open Innovation Print Resources *

Managing Open Innovation References (4 of up to 20) *

  • Almirall, E. and Casadesus-Masanell R. (2010) Open Versus Closed Innovation. Academy of Management Review, Vol. 35(1), pp. 27-47.
  • Bughin, J., Chui, M. and Johnson, B. (2008) The Next Step into Open Innovation. The McKinsey Quarterly, pp. 1-8, June. Available online at: www.clickadvisor.com/downloads/Bughin_Next_Step_in_Open_Innovation.pdf
  • Chesbrough, H.W. (2003) Open Innovation: The New Imperative for Creating and Profiting from Technology. Harvard Business School Press, Boston, MA.
  • Chesbrough, H.W. (2006) Open Business Models: How to Thrive in the New Innovation Landscape. Harvard Business School Press, Boston, MA.

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