Assuming Quote 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 and external paths to market, as the firms look to advance their technology”
About This Quote
Source Book: Open Innovation, 2003
Companies should blend internal and external ideas and routes to market to accelerate technology development.
In simple terms: Use outside ideas and partners to innovate faster.
Key Takeaway
Embrace external collaboration.
Themes
innovation
collaboration
strategy
Mood
strategic
optimistic
Type
business
inspirational
When to use this quote
- product development
- R&D
- startup partnerships
- market entry
Key Concepts
Open innovation model
knowledge spillover
network effects
Questions to Reflect On
- What external sources could boost your product?
- How to protect core IP while collaborating?
A Different Perspective
Relying on external ideas can reduce control over IP.
![“I'd say that [Louis] Brandeis practiced a kind of a "living originalism," to use the title of Jack Balkin's great book. He said you start with the paradigm case, which in the case of the Fourth Amendment was these general warrants or writs of assistance, but you define it at a level of abstraction…” quote by Jeffrey Rosen](https://sms4smile.com/quotes/img-quotes/aeb/jeffrey-rosen-13180_abstraction_i-d-say-that-louis-brandeis-practiced-a_73138.jpg)
