Open Innovation

This module on Open Innovation Training is part of the GroomTalent.com curriculum of critical training courses for developing leadership competencies and management talent.

Open Innovation Competencies- the ability to:

• use external ideas as well as internal ideas, and internal and external paths to market, as the organization looksto advance its technology
• buy or license processes or inventions (e.g. patents) from other companies
• discern opportunity to taken internal inventions not being used in a firm’s business outside the company (e.g., through licensing, joint ventures, spin-offs)

Recommended materials

• Open Innovation: Researching a New Paradigm by Henry Chesbrough, Wim Vanhaverbeke, and Joel West (April 2008)
• Innovation to the Core: A Blueprint for Transforming the Way Your Company Innovates by Peter Skarzynski and Rowan Gibson (Mar 2008)
• Innovation Happens Elsewhere: Open Source as Business Strategy by Ron Goldman and Richard P. Gabriel (April 2005)
• How to Manage Outside Innovation. By: Boudreau, Kevin J. ; Lakhani, Karim R.. MIT Sloan Management Review, Summer2009, Vol. 50 Issue 4
• The Next Wave of Open Innovation. By: Hagel, John; Brown, John Seely. Business Week Online, 4/9/2009

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