‘”The distribution of knowledge has shifted away from the tall towers of central R&D facilities, toward variegated pools of knowledge distributed across the landscape. Companies can find vital knowledge in customers, suppliers, universities, national labs, consortia, consultants and even start-up firms. Companies must structure themselves to leverage these distributed pools.”
Henry Chesbrough, Haas School of Business, UC Berkeley.
“Conversations first, then relationships, then transactions.”
Roland Harwood, 100% Open.
Open innovation is based on a simple principle. This is that, by accessing a broader range of ideas and viewsthan those which exist or are generated within a single organisation, you will dramatically increase the possibility of developing innovative new products and finding effective solutions to challenges of all types.
This principle is applied through a broad range of activities and potential business models. These models offer varying levels of information sharing, interdependence and openness and each business should select the models which are best suited to the way they like to work, their size and the sector in which they operate.