Berkeley Haas thought leader Henry Chesbrough, whose paradigm of open innovation has influenced corporations throughout the world, has received the 2022 Distinguished Scholar-Practitioner Award from the Academy of Management (AMA).
The AMA Career Achievement Awards were presented during the Annual Meeting of the Academy of Management in Seattle on August 7.
The Distinguished Scholar-Practitioner Award is presented annually to a scholar who has demonstrated long-term, significant contributions in one or more of the following areas: successful application of theory or research in practice and/or contribution to knowledge through extraction of learning from practice; authorship of scholarly works which have substantively affected the practice of management; and integration of research and practice that is respected by peers (both practitioner and academic).
Chesbrough, who retired in July from his role as adjunct professor and faculty director of the Garwood Center for Corporate Innovation and continues to lead courses through Berkeley Executive Education, published his first book on open innovation in 2003. Since then his work has since been cited more than 100,000 times. The central idea of open innovation is that companies thrive through the use of both external and internal ideas and paths to market. According to Chesbrough, companies cannot afford to rely entirely on their own research but should instead buy or license processes and inventions from other companies. In addition, business ideas that are not used internally should be taken outside the company through joint ventures or spin-offs.
Separately, Chesbrough was also named as a fellow by PICMET (Portland International Center for Management of Engineering and Technology). The fellowship was awarded to recognize Chesbrough’s outstanding contributions to the development and growth of the engineering and technology management discipline.
Find out more about Chesbrough’s Open Innovation for Leaders program through Berkeley Executive Education.