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33 Routes to Open Innovation

Open Innovation EU

It has been a while since Henry Chesbrough coined the term Open Innovation and formulated it’s definition: “combining internal and external ideas as well as internal and external paths to market to advance the development of new technologies.” For instance: Faems (2006) and Rowley, Kupiec-Teahan and Leeman (1983).

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Companies betting big on open innovation

hackerearth

[This paradigm] assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as they look to advance their technology.” ( Henry Chesbrough, 2006 ). The confluence of diverse ideologies and technologies help build better business models that are sustainable in the long term.

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PLAYING IT SAFE IS THE MOST DANGEROUS THING YOU CAN DO

Innovation 360 Group

Companies disappear all the time without a word, due to changing cultural values, changing technology, or changing audience demographics. A series of expensive liability suits were a proximate cause, but the new competitors used technology to pry open a crack in the system. Are you safe? Or are you on the edge of irrelevance?

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To Hire Great Coders, Offer Learning Not Just Money

Harvard Business Review

The better the technology at your company, and the greater the learning opportunity, the better your chances of bringing technical employees on board, and of keeping them. One such non-monetary feature could be the technology used by their current employer. How technology is changing the way we work. Insight Center.

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“Competitive Intelligence” Shouldn’t Just Be About Your Competitors

Harvard Business Review

In recent years with the big data craze, collecting digital data has replaced strategic intelligence. Consider the example of Pratt and Whitney, a United Technology company. They talk about intelligence “collection,” as if more searches are the essence of perspective.

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Use Data to Fix the Small Business Lending Gap

Harvard Business Review

With larger volumes of data being used to analyze everything from the genome to traffic patterns and lunch choices, it is natural to ask whether big data can crack the code on small business credit risk. There is reason for optimism.

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Why Websites Still Can’t Predict Exactly What You Want

Harvard Business Review

Data scientists, supported by the stunning growth in the gathering and processing of so-called big data, can extract patterns from massive stores of browsing and sales data in order to predict our likes and dislikes and tailor marketing experiences to us. Big data flexed its muscles. But there is a problem.