Open Innovation and Strategy

@inproceedings{Chesbrough2007OpenIA,
  title={Open Innovation and Strategy},
  author={H Henry Chesbrough and Melissa M. Appleyard},
  year={2007}
}
The increasing adoption of more open approaches to innovation fits uneasily with current theories of business strategy. Traditional business strategy has guided firms to develop defensible positions against the forces of competition and power in the value chain, implying the importance of constructing barriers rather than promoting value creation through openness. Recently, however, firms and even whole industries, such as the software industry, are experimenting with novel business models… CONTINUE READING

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