As an evolving, fashionable and relatively new field, Open Innovation is naturally packed with jargon and disputed definitions. There are different terms with the same meaning, the same terms with different meanings and terms being used entirely incorrectly. In this post I try to bring some clarity, referencing reliable academic and business literature where possible.
Topics: Innovation Insights
Whilst challenge prizes have existed for hundreds of years, the concept of open innovation came to widespread attention through the work of Henry Chesborough. His 2003 classic Open Innovation: The new imperative for creating and profiting from technology highlighted the considerable potential of a more open approach to innovation, and alongside James Surowiecki’s Wisdom of Crowds, which was published the following year, showed a new way of thinking.
Topics: Innovation Insights
With the launch of the second Challenge on the bauma Open Innovation (OI) platform, we wanted to take the opportunity to highlight this exciting collaboration! bauma is the leading trade fair for the construction and construction machinery industry and the world's largest trade show. The bauma Open Innovation initiative aims to extend the bauma experience for their exhibitors and attendees beyond the trade show, providing opportunities throughout the year for Solvers to tackle industry leaders’ problems, and connecting Seekers with innovative minds around the world.
Topics: Challenges, Seekers
