The Logic of Open Innovation: Managing Intellectual Property

doi:10.2307/41166175

Paper

The Logic of Open Innovation: Managing Intellectual Property

Published Apr 1, 2003 · H. Chesbrough

California Management Review

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863

Citations

104

Influential Citations

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Abstract

Companies have traditionally managed innovation as an internal process, relying upon their own skills and capabilities. However, this closed approach to innovation is no longer viable in a period of rapid diffusion of commercially valuable knowledge. If leading firms are to retain their capacity for innovation, they must begin to manage intellectual property via the logic of open innovation. Such an approach is much more fluid, emphasizing both the use of R&D produced outside the firm and the development of internal systems to reward commercially viable innovation within the firm.

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Study Snapshot

Open innovation management, involving both external R&D and internal systems, is crucial for firms to maintain their capacity for innovation in a rapidly changing knowledge-based economy.

PopulationOlder adults (50-71 years)

Sample size24

MethodsObservational

OutcomesBody Mass Index projections

ResultsSocial networks mitigate obesity in older groups.

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The Logic of Open Innovation: Managing Intellectual Property

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References

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The surge in US patenting over the past decade is not due to the establishment of the Court of Appeals of the Federal Circuit, but rather reflects an increase in innovation driven by changes in research management.

Citations

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Marketing research contributes to understanding value creation in the sharing economy by analyzing micro, meso, and macro levels, and promoting a configurational co-creation approach for business model development.

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Management buy-ins (MBIs) can foster open innovation in SMEs through governance reforms, leadership entrepreneurship, and strategic partnerships.

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Shared vision, goals, digital infrastructure, and proximity are crucial antecedents of inter-organisational collaboration in healthcare, along with leadership, shared resources, and communication.

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Open innovation strategies in multinational collaborations have evolved over the last two decades, benefiting from knowledge management, technology transfer, and sustainable development.

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Pakistan's ICT sector faces limited innovation capacity, driven by external factors, and a need for an innovation readiness framework to improve competitiveness and societal advancement.

Technological Innovation as a Factor in Strengthening Economic Sustainability in the Context of Globalization

Fostering technological innovation, strengthening global market participation, and advancing technological capabilities can drive economic sustainability in a globalized economy.