Open Innovation: The New Imperative for Creating And Profiting from Technology
Monday, February 8th, 2010
at
6:12 pm
- ISBN13: 9781422102831
- Condition: NEW
- Notes: Brand New from Publisher. No Remainder Mark.
Product Description
The information revolution has made for a radically more fluid knowledge environment, and the growth of venture capital has created inexorable pressure towards fast commercialisation of existing technologies. Companies that don’t use the technologies they develop are likely to lose them…. More >>
Open Innovation: The New Imperative for Creating And Profiting from Technology
Tagged with: Creating • from • Imperative • Innovation • Open • Profiting • Technology
Simply very good book exploring the new paradigm in the changing technological world.
Its not a very great book, apart from a few case studies there is no concrete model around which the book has been written such as Michael Cusumano’s Platform leadership( a somewhat related are)
This is not a book you read while sitting in a coffee shop. A little too dry in describing a rather interesting topic. I very much look forward to the next edition to this book which i believe came out earlier in 07.
I think this is a great text book for MBA or a CS/EE course on Technology and Strategy. One almost needs to be forced to complete reading the entire book.
Peek inside the world of large, highly successful operations. Learn how they scale their R&D efforts to integrate and capitalize upon both internal and external sources.
Likened to graduation, inventing something cool marks the beginning on a long journey. To be successful, commercialization must follow. One of the most valuable lessons to take from this book is the author’s rendition of the business model.
Chesbrough states “An inferior technology with a better business model will often trump a better technology commercialized through an inferior business model.” Look at Microsoft to see this principle in action.
Overall, an outstanding book for entrepreneurs seeking to commercialize their ideas by creating a compelling business model. Knowledge and skill are scattered all over the country and the world. The key is to unearth the very best talent – wherever it may be. Then apply that energy to capitalize on ideas by commercializing them to meet real-world needs.
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Michael Davis
Founder — Epoch Strategic Ventures (Innovation Network)
Editor, Byvation (Newsletter)
There’s a wonderful introduction to a variety of research and development styles, along with analyses of how they affect the company and its place in the industry. It also has a great discussion of why publicly traded companies that have made certain innovation-style choices are compelled to act they way they do, simply in order to maintain shareholder value.
Unfortunately, the suggestions are marginalized by what seems to be a complete omittance of today’s patent laws and their effects on workers (i.e. most legal departments do NOT allow their technology workers to search or look at patents). There’s also a whole proposal around rewarding for finding patents and finder’s fees that just seems a bit preposterous, at least in the software field. I’ve never heard of a software patent that detailed something that was non-obvious; merely of ones that patented things that hadn’t yet been patented. In any case, I’m no expert in that area, but without an analysis of IP laws and the usefulness of the licensing of patents, I’m hard-pressed to call this anything but a sort of reality-disconnected idealism.