--- title: "Meaning & Key Takeaway of: Open innovation is a paradigm that…" description: "\"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 m..." image: "https://sms4smile.com/quotes/i/602/henry-chesbrough-68040_assuming_open-innovation-is-a-paradigm-that-assum_560018.jpg" --- # Open innovation is a paradigm that assumes that firms can… ![“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” quote by Henry Chesbrough](https://sms4smile.com/quotes/i/602/henry-chesbrough-68040_assuming_open-innovation-is-a-paradigm-that-assum_560018.jpg) [Download](https://sms4smile.com/quotes/i/602/henry-chesbrough-68040_assuming_open-innovation-is-a-paradigm-that-assum_560018.jpg) [Open image](https://sms4smile.com/quotes/i/602/henry-chesbrough-68040_assuming_open-innovation-is-a-paradigm-that-assum_560018.jpg) > “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” Henry Chesbrough ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. 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. ★ ★ ★ ★ ★ No ratings yet [Business](https://sms4smile.com/quotes/about/business/) [Ideas](https://sms4smile.com/quotes/about/ideas/) [Innovation](https://sms4smile.com/quotes/about/innovation/) [Investing](https://sms4smile.com/quotes/about/investing/) [Paradigm](https://sms4smile.com/quotes/about/paradigm/) [Path](https://sms4smile.com/quotes/about/path/) [Technology](https://sms4smile.com/quotes/about/technology/) ## Related quotes > [By exciting citizens about the new digital opportunity, breaking down silos of competing groups to form a truly open innovation ecosystem and shifting day-to-day…](https://sms4smile.com/quotes/john-t-chambers/by-exciting-citizens-about-the-new-digital-opportunity-breaking-down/) [John T. 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Chesterton](https://sms4smile.com/quotes/author/gilbert-k-chesterton/) Browse all 2,452 Assuming quotes ```json { "@context": "https://schema.org", "@graph": [ { "@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" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/henry-chesbrough/open-innovation-is-a-paradigm-that-assumes-that-firms-can-and-should/", "about": { "@type": "Thing", "name": "Assuming" }, "@id": "https://sms4smile.com/quotes/henry-chesbrough/open-innovation-is-a-paradigm-that-assumes-that-firms-can-and-should/#quotation", "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": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Henry Chesbrough", "item": "https://sms4smile.com/quotes/author/henry-chesbrough/" }, { "@type": "ListItem", "position": 4, "name": "Open innovation is a paradigm that...", "item": "https://sms4smile.com/quotes/henry-chesbrough/open-innovation-is-a-paradigm-that-assumes-that-firms-can-and-should/" } ], "@id": "https://sms4smile.com/quotes/henry-chesbrough/open-innovation-is-a-paradigm-that-assumes-that-firms-can-and-should/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```