Understand what open innovation is and how it works
Posted: Wed Jan 22, 2025 10:01 am
Every company seeking to evolve must have innovation at the core of its journey. This way, the business finds solutions that will improve the efficiency of different processes, increasing productivity and improving the results obtained. All of this, ultimately, favors the growth of the business and helps it survive in an ultra-competitive market.
It is no wonder that there is growing interest in so-called namibia phone number list innovation, a concept that encompasses a series of practices that aim to foster innovation within the structure of a business. Interested in learning more about the subject? Then continue reading and don't waste any more time.
After all, what is open innovation?
Open innovation, or open innovation in the Portuguese translation, is the concept that encourages collaboration and the constant exchange of ideas with the aim of fostering and streamlining innovative practices in the corporate environment.
The origins of open innovation lie in Silicon Valley, the birthplace of today's leading technology companies (such as Google and Apple). It is no coincidence that they are also recognized as being among those that invest the most in innovation.
The term was coined by Henry Chebrough, a professor at the University of Berkeley in California. What caught his attention was a contradiction: even though new knowledge is spreading faster and faster over time, the structure of companies remains extremely closed and impervious to the much-desired innovations. In other words, new things take a long time to reach them.
Furthermore, the professor realized that there was a huge gap between what was created in the academic environment and how it was applied in companies, further delaying the adoption of emerging discoveries.
Thus, the proposal for open innovation emerges, which, in general terms, reinforces the idea that innovation should not come only from the internal structures of companies. In other words, to take advantage of what is new, the business must be open to the influence of external agents, be they members of universities, startups , public bodies and even customers and suppliers.
In this way, the concept of open innovation is opposed to that of closed innovation, which prevailed and, to a certain extent, still predominates in most companies based on a work model that favors vertical organization.
Therefore, it is common for many businesses to maintain research and development sectors or internal departments dedicated to innovation. However, in the closed model, everything that is developed remains there and there is less incentive to share ideas and solutions with external agents.
Furthermore, value generation in open innovation occurs on different bases. While in closed innovation, the company is expected to develop the innovation and profit from it, in open innovation there is no need for the company to profit solely from the creation, nor for it to be the first to introduce it exclusively to the market. Therefore, organizations, the market and others involved in the process benefit mutually and provide feedback.
It is no wonder that there is growing interest in so-called namibia phone number list innovation, a concept that encompasses a series of practices that aim to foster innovation within the structure of a business. Interested in learning more about the subject? Then continue reading and don't waste any more time.
After all, what is open innovation?
Open innovation, or open innovation in the Portuguese translation, is the concept that encourages collaboration and the constant exchange of ideas with the aim of fostering and streamlining innovative practices in the corporate environment.
The origins of open innovation lie in Silicon Valley, the birthplace of today's leading technology companies (such as Google and Apple). It is no coincidence that they are also recognized as being among those that invest the most in innovation.
The term was coined by Henry Chebrough, a professor at the University of Berkeley in California. What caught his attention was a contradiction: even though new knowledge is spreading faster and faster over time, the structure of companies remains extremely closed and impervious to the much-desired innovations. In other words, new things take a long time to reach them.
Furthermore, the professor realized that there was a huge gap between what was created in the academic environment and how it was applied in companies, further delaying the adoption of emerging discoveries.
Thus, the proposal for open innovation emerges, which, in general terms, reinforces the idea that innovation should not come only from the internal structures of companies. In other words, to take advantage of what is new, the business must be open to the influence of external agents, be they members of universities, startups , public bodies and even customers and suppliers.
In this way, the concept of open innovation is opposed to that of closed innovation, which prevailed and, to a certain extent, still predominates in most companies based on a work model that favors vertical organization.
Therefore, it is common for many businesses to maintain research and development sectors or internal departments dedicated to innovation. However, in the closed model, everything that is developed remains there and there is less incentive to share ideas and solutions with external agents.
Furthermore, value generation in open innovation occurs on different bases. While in closed innovation, the company is expected to develop the innovation and profit from it, in open innovation there is no need for the company to profit solely from the creation, nor for it to be the first to introduce it exclusively to the market. Therefore, organizations, the market and others involved in the process benefit mutually and provide feedback.