The Evolution of Open Innovation

• Main Author: Martin Curley
• Format: Article
• Language: English
• Published: Universidade do Porto, Faculdade de Engenharia (FEUP) 2015-07-01
• Series: Journal of Innovation Management
• Online Access: https://journalsojs3.fe.up.pt/index.php/jim/article/view/278

The discipline of Innovation is constantly evolving and we are now arguably at a strategic inflection point where a new paradigm of innovation is emerging. In the last century often it was a brilliant scientist at a Bell Lab or IBM lab which drove new inventions and subsequent innovations. Then along came Open Innovation which was neatly conceptualized by Henry Chesbrough (2003) and concerns a systematic process where ideas can pass to and from different organizations and travel on different exploitations vectors for value creation.  Open Innovation was based on the idea that not all of the smart people in the world can work for your company or organization and that you also have to look outside the organization for ideas. At this point Open Innovation was still seen a linear process which had an emphasis on licensing of technologies. (...)