About Open Innovation Results
The latest work from the originator of Open Innovation is his most ambitious yet: Henry Chesbrough not only addresses how companies can get real business results from innovation, but also how we can rebuild our innovation infrastructure to benefit society and spur long-term economic growth.
Chesbrough opens by exploring the “exponential paradox,” or the gap between the promise of exponential technology and the reality of economic productivity. We live in an age where lots of new technologies are emerging, yet global economic productivity is slowing and wages have stagnated. Has the promise of innovation been overhyped?
A closer look suggests that exponential technology advocates are paying too little attention to the importance of broad dissemination and absorption of new technologies. Too often, promoters of innovation look only at the initial stage of innovation development—chasing after bright shiny objects—and neglect the rest of the process. In order to advance prosperity, we must not only create new technologies, but must also disseminate them broadly, and increase our capacity to absorb them. The same is true for companies: they must generate, disseminate,and absorb innovation before they can really profit from it.
Rooted in two decades of field research and packed with real business examples, Open Innovation Results: Going Beyond the Hype and Getting Down to Business challenges companies to open up their knowledge flows to generate new growth. Moving beyond generation to broad dissemination and effective absorption is the key to getting past the hype that often accompanies innovation, and finding solutions that deliver real results to organizations, be they in the for-profit, non-profit, or public sector
Henry Chesbrough has this unique ability to transform complex concepts into messages that everyone can relate to. Open Innovation Results links for the first time the effects of the financial crisis on innovation and therefore on long-term productivity. It is a must read for politicians, policy-makers and business leaders that want to make a difference by designing the right policies that drive not only the generation of new ideas but more importantly their broad dissemination and adoption by society.Carlos Moedas
About Henry Chesbrough
Henry Chesbrough is widely known as “the father of open innovation” for his pathbreaking work on new models of industrial innovation that culminated in his award-winning 2003 book, Open Innovation. The author of seven business and management books, Professor Chesbrough has taught at UC Berkeley’s Haas School of Business for 16 years, and at Harvard Business School for 6 years before that. He was recently named the inaugural Maire Tecnimont Professor of Open Innovation at LUISS University in Rome.
Chesbrough founded and organizes two external groups of companies that each meet twice a year to discuss challenges in managing innovation: the Berkeley Innovation Forum and the European Innovation Forum. He holds a Ph.D. in Business Administration from the University of California-Berkeley, an MBA from Stanford University, and a BA from Yale University, summa cum laude.