Future of Open Innovation

2009-08-04T01:02:00.000-07:00

From 2003 when Henry Chesbrough established the idea of open innovation, it only have been focusing on the utopian output that open innovation minimize research period, involve common people, access to original knowledge and creativity and can take the advantage of opening-up of an organization. By now researchers have developed toolkits and strategies on open innovation execution, they even told us how to overcome certain barriers but the main problem now is the lack of a practical toolkit that implement open innovation of an organization and maintain it in a suitable way taking the barriers into account.

From the starting time till today researchers only taken the output into account and they only analyze the successful plans but do not consider the failures. Now the research must center on input because without a clear knowledge of input it is not possible to deal with the output successfully.

If an organization gives stretches on the input side, open innovation has significant impact on the internal organization.

Open innovation involved a) people b) operations c) policy d) culture.

All the above-mentioned terms have impact on both inside and outside of an organization. So successful implementation of open innovation have a huge impact on a company’s business model.

In order to implement open innovation successfully a company should modify its management policies. An effective open innovation requires professional management skills and effective leadership and a wide range of preparation in order to maintain the process. During this transition period a company should consider all the barriers regarding the transformation from ‘close’ to ‘open’.

Recently I found an organization Philoptima on Internet, which deals with open innovation successfully. They fulfill almost all the above-mentioned criterion of successful open innovation. The most important thing of the organization is that it has concrete plans of action with leaders having a clear vision of the problems. So Philoptima successfully involves people from different fields with unique ideas and concrete knowledge to solve many difficult problems.

I think that this is the main cause of its success while many others fail regarding this point and I believe that future of open innovation should be like this.

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Future of Open Innovation