This book is the first authoritative, fact-based guide on platform models. It explains how platforms connect distinct groups, creating value through network effects. The authors provide strategies for starting and running a successful platform business, identifying prime markets, monetizing networks, and adapting traditional companies to the changing marketplace. They also address issues of security, regulation, and consumer trust, and explore potential platform revolutions in healthcare, education, and energy.
In this influential business book, Clayton Christensen shows how even the most outstanding companies can lose market leadership when they fail to adapt to disruptive innovations. Christensen explains why companies often miss new waves of innovation and provides a set of rules for capitalizing on disruptive technologies. The book uses examples from various industries, including the disk drive, mechanical excavator, steel, and computer industries, to illustrate trends that lead to success or failure in the face of disruptive technologies.
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[1][3][4].
This book delves into the evolving landscape of open innovation, exploring new trends and challenges in the field. It examines the role of digital technologies in facilitating open innovation, and discusses the implications for companies and society. The book also provides case studies of successful open innovation initiatives, and offers insights into the future of open innovation. It builds upon the foundation laid by 'Open Innovation: Researching a New Paradigm'. It is a valuable resource for those seeking to understand and implement open innovation strategies in a dynamic environment.
This paper examines the challenges of adopting digital technologies in open innovation ecosystems within the healthcare sector. It explores the barriers to adoption, such as regulatory hurdles, data privacy concerns, and resistance to change. The authors propose strategies for overcoming these barriers, including fostering trust, promoting collaboration, and developing clear guidelines. The paper highlights the importance of legitimizing digital technologies to facilitate innovation and improve healthcare outcomes. It offers valuable insights for policymakers, healthcare providers, and technology developers.
Bridging the Gap: Open Innovation, Digital Platforms, and the Role of Government
Guest
Wim Vanhaverbeke
Bio
- Expert in digital strategy and open innovation.
- Professor at the University of Antwerp in Belgium.
- Well-known for his work in open innovation, large companies, and memes.
- Made significant contributions to digital platforms, particularly regarding their strategic role in reshaping highly regulated industries like healthcare.
Summary
This episode features Professor Wim Vanhaverbeke, an expert in digital strategy and open innovation. The conversation begins by defining digital platforms as online infrastructures that facilitate interactions between different user groups. Vanhaverbeke emphasizes the importance of moving beyond two-sided markets to consider the complexities of multi-sided platforms in a B2B context. The discussion explores the interplay between open innovation and digital platforms, highlighting how platforms have enabled new forms of open innovation, such as crowdsourcing and internal innovation platforms.
Vanhaverbeke emphasizes the evolution of open innovation strategies, noting the shift from companies relying on third-party platforms to building and managing their platforms for internal and external collaboration.
This evolution presents new challenges for managers, who must now decide whether to build, buy, or partner for platform solutions while considering the implications for data ownership, governance, and value creation.
The episode concludes with a discussion on the challenges of platform adoption in highly regulated industries like healthcare. Vanhaverbeke argues that governments play a crucial role in fostering platform adoption by proactively shaping regulations that encourage data sharing and interoperability. He contrasts the European approach of regulating in advance with the Chinese model of allowing innovation to flourish and then addressing emerging challenges.
Publications & Papers Mentioned
Vanhaverbeke, W., Chesbrough, H. W., & West, J. (Eds.). (2006). Open innovation: Researching a new paradigm. Oxford University Press.
Vanhaverbeke, W., Chesbrough, H. W., & West, J. (Eds.). (2014). New frontiers in open innovation. Oxford University Press.
Vanhaverbeke, W., Roijakkers, N., & Hannan, M. T. (2023). Legitimizing digital technologies in open innovation ecosystems: Overcoming adoption barriers in health care. California Management Review, 65(2), 110-132.
Website
wimvanhaverbeke.be
Talking about Platforms 
