--- title: "4 Henry Chesbrough Quotes - Famous Economist (Open Innovation)" description: "Henry William Chesbrough is an American organizational theorist, adjunct professor and the faculty director of the Garwood Center for Corporate Innovati..." image: "https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b051/author-frank-yerby-41450.jpg" --- ![Portrait of Henry Chesbrough](https://sms4smile.com/quotes/wp-content/uploads/sms4s/authors/processed/b051/author-frank-yerby-41450.jpg) # Henry Chesbrough (1956) Economist United States **4** quotes in **51** categories Rate this collection: ★ ★ ★ ★ ★ No ratings yet Henry Chesbrough is an economist from the United States, best known for *Open Innovation*. ## Quick Facts About Henry Chesbrough Born February 2, 1956 Nationality United States Profession Economist Notable works Open Innovation ## About Henry Chesbrough Henry William Chesbrough is an American organizational theorist, adjunct professor and the faculty director of the Garwood Center for Corporate Innovation at the Haas School of Business at the University of California, Berkeley and Maire Tecnimont Chair of Open Innovation at Luiss. He is known for coining the term open innovation. ## Awards & Honors honorary doctorate of Hasselt University ## Quotes by Henry Chesbrough > [Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal…](https://sms4smile.com/quotes/henry-chesbrough/open-innovation-is-a-paradigm-that-assumes-that-firms-can-and-should/) Henry Chesbrough [Image](https://sms4smile.com/quotes/i/602/henry-chesbrough-68040_assuming_open-innovation-is-a-paradigm-that-assum_560018.jpg) > [Most innovations fail. And companies that don’t innovate die.](https://sms4smile.com/quotes/henry-chesbrough/most-innovations-fail-and-companies-that-don-t-innovate-die/) Henry Chesbrough [Business](https://sms4smile.com/quotes/about/business/) [Image](https://sms4smile.com/quotes/i/fb8/henry-chesbrough-68040_business_most-innovations-fail-and-companies-that_823646.png) > [In a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or…](https://sms4smile.com/quotes/henry-chesbrough/in-a-world-of-widely-distributed-knowledge-companies-cannot-afford-to/) Henry Chesbrough [Business](https://sms4smile.com/quotes/about/business/) [Image](https://sms4smile.com/quotes/i/c32/henry-chesbrough-68040_business_in-a-world-of-widely-distributed-knowled_1090890.jpg) > [No one has a monopoly on knowledge the way that, say, IBM had in the 1960s in computing, or that Bell Labs…](https://sms4smile.com/quotes/henry-chesbrough/no-one-has-a-monopoly-on-knowledge-the-way-that-say-ibm-had-in-the/) Henry Chesbrough [Image](https://sms4smile.com/quotes/i/31b/henry-chesbrough-68040_1960s_no-one-has-a-monopoly-on-knowledge-the-w_3074947.jpg) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/author/henry-chesbrough/#itemlist", "name": "Henry Chesbrough Quotes", "numberOfItems": 4, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology", "creator": { "@type": "Person", "name": "Henry Chesbrough" }, "url": "https://sms4smile.com/quotes/henry-chesbrough/open-innovation-is-a-paradigm-that-assumes-that-firms-can-and-should/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/602/henry-chesbrough-68040_assuming_open-innovation-is-a-paradigm-that-assum_560018.jpg", "contentUrl": "https://sms4smile.com/quotes/i/602/henry-chesbrough-68040_assuming_open-innovation-is-a-paradigm-that-assum_560018.jpg", "url": "https://sms4smile.com/quotes/i/602/henry-chesbrough-68040_assuming_open-innovation-is-a-paradigm-that-assum_560018.jpg", "width": 1080, "height": 1080, "caption": "“Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal…” — Henry Chesbrough", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "Most innovations fail. 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