Definition: Open Innovation is the innovation paradigm coined by Chesbrough ('03) that holds that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology. |
More on innovation: 3 Horizons of Growth, 5 Factors of the Innovation Process, 6D of Exponentials Framework, Blue Ocean Strategy, Bricolage, more on innovation... MBA Brief provides concise yet precise definitions of organizational concepts, management methods, and business models as taught in an MBA program. We keep it short and provide links to high-quality websites where you can learn more about your topic. |
© 2024 MBA Brief - Last updated: 6-12-2024 - Privacy | Terms