Henry Chesbrough Rethinks the Concept of Open Innovation to Tackle a New Economy
January 20, 2011
Adjunct Professor Henry Chesbrough, executive director of the Haas Center for Open Innovation, rethinks the concept of open innovation to tackle a new economy. In his new book, Open Services Innovation (Jossey-Bass, January 2011), Chesbrough offers the tools to apply service-focused innovation to avoid what he calls "the commodity trap." Chesbrough explains,"Innovating in services is the escape route from the commodity trap and a solution for growth, giving firms a significant competitive advantage. As they innovate into the future, companies must think beyond their products and move outside their own four walls to innovate."
Topics: Research News