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Open innovation: core concepts and key challenges

Published on July 28, 2021   21 min

Other Talks in the Series: Open Innovation and its impact on business and society

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0:00
Welcome. My name is Henry Chesbrough and I'm a professor at UC Berkeley and also at Luiss University in Rome. I'm going to discuss with you today core concepts and key challenges in open innovation.
0:19
Open innovation emerged out of a book that I wrote back in April of 2003. At that time, I gave a Google search on the term open innovation and I obtained about 200 page links in response. Then when I looked through those page links, I saw that the word 'open' and the word 'innovation' had appeared in the same sentence, such as when a company opened an Innovation Center, but there was no meaning to the term itself at that time. In preparation for this address, I did the same search using the same search engine and I obtained more than 700 million page links. Although I did not read them all, it was quite clear that now there was such a thing as the open innovation concept. Another search I did in preparation for this talk is I went on LinkedIn and I searched on people in LinkedIn and used open innovation again is my search term. I found more than 700,000 people on LinkedIn whose profiles involved open innovation in some way. All of this suggests that open innovation has come a long way since the book first came out.

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Open innovation: core concepts and key challenges

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