Definition of Open Innovation<\/h3>\n\n\n\n![\"\"](\"https:\/\/gac.idexlab.com\/wp-content\/uploads\/2019\/10\/Henry-Chesbrough.jpg\")
<\/figure>\n\n\n\nOpen Innovation is a concept introduced in the early 2000s by a research professor at the University of Berkley named Henry Chesbrough<\/a>.<\/p>\n\n\n\nOpen Innovation is the fact that a company opens its R&D department to external people or, internally, to employees from other departments. These outsiders are usually researchers and experts in a field or technology. More generally, a company can also rely on different actors with different resources such as customers, students, the crowd (also known as collective intelligence) or other companies.<\/p>\n\n\n\n
Innovative companies encounter several types of situations that may justify the use of an Open Innovation “outside in” and “inside out”<\/a> approach.. Three main ones can be mentioned:<\/p>\n\n\n\n\n- The need to apprehend a new emerging technology, to understand its potential impact on the company’s market, competitive risks or new opportunities. This need is typically described by an ‘outside-in<\/strong>‘ approach in the Open Innovation vocabulary (Chesbrough, 2003).<\/li>\n\n\n\n
- The need to maximize the return on investment of a technology developed by the company: is it possible to increase the return on investment by applying it to other needs, other markets? (an ‘inside-out<\/strong>‘ approach in the Open Innovation vocabulary)<\/li>\n\n\n\n
- The need to solve a technological or scientific issue for which the company does not have the competence and will seek external expertise (another form of “outside-in<\/strong>“).<\/li>\n<\/ul>\n\n\n\n
Open Innovation involves various concepts such as co-development<\/a> and intellectual property<\/a>.<\/p>\n\n\n\nThe deployment of Open Innovation<\/a> generally requires a company to modify its internal innovation process.<\/p>\n\n\n\nWhat are the results of Open Innovation?<\/h4>\n\n\n\n
Open Innovation can give very satisfying results for companies that are taking the plunge. We also recommend that you read these two articles to get an idea: <\/p>\n\n\n\n
How to measure the results of Open Innovation? <\/a><\/p>\n\n\n\nOpen Innovation: does it really work? <\/a><\/p>\n\n\n\nExamples of companies practicing Open Innovation<\/h3>\n\n\n
Innovation is more than ever in the core of the corporate strategy, no matter what the size of the company is. The intensification of competition in a global economy requires new innovation forms and capacities. Nowadays, a company that doesn\u2019t innovate is jeopardizing its existence<\/a>.<\/span><\/p>\nThe men and women that lead the big companies are aware of that. But if we say innovation we also say investment. And companies don\u2019t have the means to allocate colossal amounts to research and innovation, or the time to wait to build a new competency from scratch.<\/span><\/p>\nThis is when open innovation makes sense and becomes important.<\/span><\/p>\nHere we cite a number of examples of companies that have taken the path of open innovation. This list will allow entrepreneurs and readers of this article to give more substance and flesh to a concept – open innovation – sometimes still unknown and sometimes too little (or poorly) put into practice. <\/span><\/p>\n\n\nAlstom<\/strong><\/h4>\n\n\n\nAn example of open innovation that is easy to understand is the one led by Alstom on a century-old subject: the autumn fall of dead leaves on the rails – which disrupts train operations -. <\/p>\n\n\n\n
Alstom Transport had already re-examined this subject, but decided to systematically explore possible solutions to solve this problem or at least make radical progress in its resolution.<\/p>\n\n\n\n
And even when you think you know everything about a subject, you discover through Open Innovation that science and technology never stop!<\/p>\n\n\n\n
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<\/figure>\n\n\n\nOpen Innovation is a concept introduced in the early 2000s by a research professor at the University of Berkley named Henry Chesbrough<\/a>.<\/p>\n\n\n\n Open Innovation is the fact that a company opens its R&D department to external people or, internally, to employees from other departments. These outsiders are usually researchers and experts in a field or technology. More generally, a company can also rely on different actors with different resources such as customers, students, the crowd (also known as collective intelligence) or other companies.<\/p>\n\n\n\n Innovative companies encounter several types of situations that may justify the use of an Open Innovation “outside in” and “inside out”<\/a> approach.. Three main ones can be mentioned:<\/p>\n\n\n\n Open Innovation involves various concepts such as co-development<\/a> and intellectual property<\/a>.<\/p>\n\n\n\n The deployment of Open Innovation<\/a> generally requires a company to modify its internal innovation process.<\/p>\n\n\n\n Open Innovation can give very satisfying results for companies that are taking the plunge. We also recommend that you read these two articles to get an idea: <\/p>\n\n\n\n How to measure the results of Open Innovation? <\/a><\/p>\n\n\n\n Open Innovation: does it really work? <\/a><\/p>\n\n\n\n Innovation is more than ever in the core of the corporate strategy, no matter what the size of the company is. The intensification of competition in a global economy requires new innovation forms and capacities. Nowadays, a company that doesn\u2019t innovate is jeopardizing its existence<\/a>.<\/span><\/p>\n The men and women that lead the big companies are aware of that. But if we say innovation we also say investment. And companies don\u2019t have the means to allocate colossal amounts to research and innovation, or the time to wait to build a new competency from scratch.<\/span><\/p>\n This is when open innovation makes sense and becomes important.<\/span><\/p>\n Here we cite a number of examples of companies that have taken the path of open innovation. This list will allow entrepreneurs and readers of this article to give more substance and flesh to a concept – open innovation – sometimes still unknown and sometimes too little (or poorly) put into practice. <\/span><\/p>\n\n\n An example of open innovation that is easy to understand is the one led by Alstom on a century-old subject: the autumn fall of dead leaves on the rails – which disrupts train operations -. <\/p>\n\n\n\n Alstom Transport had already re-examined this subject, but decided to systematically explore possible solutions to solve this problem or at least make radical progress in its resolution.<\/p>\n\n\n\n And even when you think you know everything about a subject, you discover through Open Innovation that science and technology never stop!<\/p>\n\n\n\n\n
What are the results of Open Innovation?<\/h4>\n\n\n\n
Examples of companies practicing Open Innovation<\/h3>\n\n\n
Alstom<\/strong><\/h4>\n\n\n\n