Thursday, 15 May 2014

Is Open Innovation still a useful concept?

6 years or more ago Oxford Innovation was engaged in a process of encouraging Open Innovation awareness through the Innovation Advisory Service in the South East of England, UK.

Recently I have been wondering if Open Innovation was now so well known that it didn't need to be a leading topic for discussion. I was wrong to think that because despite increased awareness of the term Open Innovation it is still not always fully understood and there are many businesses yet to act in on it's concepts. Often only a small part of the Open Innovation concept is taken on board as shown in this report on Managing Open Innovation in Large Firms by Chesbrough and Brunswicker.

For a more recent consideration of Open "social" innovation take a look at this webpage at the Nansen Neuroscience Network in Norway.

My view is that there is much still to be gained by understanding and implementing the principles of Open Innovation and many businesses are still to benefit from the concept by implementing it fully - particularly in the area of exploiting unused internal IP.

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