In the world of technology, new ideas rule. But that doesn't mean companies should keep their research labs under lock and key. Henry Chesbrough, a professor at the Haas School of Business at the University of California, Berkeley, has spent years documenting the benefits of "open innovation." Chesbrough recently told Tom Simonite, Technology Review's IT editor for hardware and software, why it works.TR: What is open innovation?
Chesbrough: It's the idea that companies should make greater use of external ideas and technologies in their own business and allow their own technologies and ideas to be used by others in their business. The term originated in 2003 when I published my first book on the topic.
To read the full, original article click on this link: Sharing Secrets to Innovate More Profitably - Technology Review
Author: Tom Simonite
