Eliminating the secrecy commonly associated with research and development.
Actively communicating findings and sharing data.
Openly collaborating with others such as universities, competitors or other teams in your firm.
Releasing your intellectual property to the public.
Sharing ideas that you don’t have the time, inclination or capital to pursue.
Long tail is the ability for non-professionals in a particular field to add more value than professionals because they have vastly greater numbers.
Risk & Reward Sharing
Allowing others to extend your research may distribute both risk and reward.
Taking external ideas that are open and extending them.
Giving your ideas to the community to see what they will do with them.
Running competitions and giving rewards for innovation such as product designs.
In some cases, open innovation is intended to increase adoption. It is far easier to become the de facto standard when you are open as opposed to proprietary.
|Overview: Open Innovation|
Innovation approaches that call for open sharing of information and designs.
Designs tend to be hardened when they are open through processes such as feedback loops and peer review.Allowing others to use your designs can increase adoption of a new technology. In some cases, a firm can't achieve critical mass alone and benefits when competitors follow their approach.Sharing designs can have positive effects such as publicity or establishing a reputation.