“Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively. [This paradigm] assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as they look to advance their technology.” 

Henry Chesbrough

Open Innovation: Researching a New Paradigm


For a brief introduction to Open Innovation, click any of these links:

“Companies can no longer keep their own innovations secret unto themselves; … the key to success is creating, in effect, an open platform around your innovations so your customers, your employees and even your competitors can build upon it…”

Randall Rothenberg

Editor, strategy+business