Book Review and Commentary: Patenting in an Era of 'Open Innovation'

Open Innovation" by Henry Chesbrough. Harvard Business School Press (2003). 225 pp.In "Open Innovation," Henry Chesbrough proposes that a fundamental change is taking place in the business of innovation — a traditional closed innovation model is being supplanted by an emerging open innovation one. The closed innovation archetype was the isolated corporate research center that sought to single-handedly develop, commercialize, and dominate an emerging technology. Open innovation is heralded by companies that combine their internal capabilities with an awareness of the innovation marketplace and a willingness to license, acquire, and collaborate to maximize the speed and impact of innovation. The author opines that companies that continue to rely on closed innovation cannot compete against the new breed of open innovators.

9 minute read February 01, 2004 at 10:37 AM

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Devin S. Morgan