Open Innovation

Open Innovation describes an emergent model of innovation where firms draw on research and development that may lie outside their own boundaries.

The book argues that the traditional closed innovation model is becoming obsolete and that companies must transform the way they commercialize knowledge.

It provides extensive field research, academic study, and real-world examples from companies like Xerox, IBM, and Intel to illustrate how open innovation can unlock the latent economic value in a company's ideas and technologies.

The book also explores the implications for intellectual property policies and practices, and how organizations can mobilize and access knowledge across different silos to innovate effectively.