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Open innovation is a collection of information sharing and collaborative strategies that are designed to stimulate innovation. These include requirements to share innovation and develop feedback loops within an organization or a community. In some cases, open innovation also asks the community to design things with strategies such as design competitions. |
| Type | Innovation | | Definition | Innovation approaches that call for open sharing of information and designs. | | Value | 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. | | Related Concepts | Innovation Principles |
Innovation
This is the complete list of articles we have written about innovation.
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A list of common innovation principles.
An overview of fail often innovation.
How to measure innovation including early stage, late stage and overall program metrics.
The basic types of pilot used in business, science and entertainment.
A definition of lead user with examples.
A definition of moment of truth with a few examples.
A definition of user innovation with examples.
The common types of proof of concept.
The common types of commercialisation.
The common types of innovation objectives with examples.
A list of thinking approaches and types.
A few logic terms explained.
A list of common cognitive biases explained.
A few dangers of being too abstract.
The difference between objective and subjective.
A definition of intellectual diversity with examples.
The definition of creative value with examples.
The definition of anecdotal evidence with examples.
The definition of benefit of doubt with examples.
The definition of pessimism with examples.
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