(This is a throwback article from the January-February 2004 issue of Research-Technology Management and is the second publication made by Henry Chesbrough on the topic of Open Innovation after publishing his book in which he coined the term. It is adapted from a presentation he delivered at IRI’s 2003 Annual Meeting in Colorado Springs, CO. For the latest RTM article by Henry Chesbrough, check out the January-February 2017 issue, open to the public for a limited time!)
By Henry Chesbrough
Not long ago, internal research and development was viewed as a strategic asset, and even a barrier to competitive entry in many industries. Only large companies with significant resources and long-term research programs could compete. Research-based companies like DuPont, Merck, IBM, GE, and AT&T did the most research in their respective industries. And they earned most of the profits as well. Rivals who sought to unseat these firms had to ante up their own resources, and create their own labs, if they were to have any chance against these leaders. Today, the former leading industrial enterprises are encountering remarkably strong competition from many newer companies. Continue reading
By Jim Euchner, VP, Global Innovation, Goodyear, and RTM Editor-in-Chief
This issue begins RTM’s 60th continuous year of publication. Originally called Research Management, it was founded as a journal by and for practitioners of research and development in order to share lessons learned and build best practices. The journal, renamed Research-Technology Management in the 1980s, has now served several generations of R&D and innovation leaders, and it will help executives and practitioners manage through many changes in the future.
By MaryAnne M. Gobble, Managing Editor, Research-Technology Management (RTM)
In the last installment of this column, I initiated a new series of topics aimed at defining the vocabulary of innovation management. The object is to look critically at the profession’s terms of art, exploring their origins and mapping their limitations, to provide new clarity, and in the process restore some of their power. By looking at the terminology at the heart of innovation management and exploring how it has emerged and evolved, perhaps we can also get a glimpse of where innovation is heading.
In the first entry in the series, we looked at the concept of disruptive innovation. This time, we’re examining another concept whose usage has become confused and, at times, diluted: open innovation (Read this column at RTM; follow RTM on Twitter @RTMJournal).
By Greg Holden, IRI Business Writer and Social Media Manager
If you were to think back on the last 75 years and compile a list of scientific and technological innovations that had the greatest impact on society, what would they be? Would you only think of the obvious things, like the moon landing and color television? Or perhaps you’re a techie who understands the significance of computer chips, transistors, and the video game Pong. Or maybe you value healthcare, focusing your list on disease eradication, vaccines, and DNA sequencing. Most of all, wouldn’t the mere compiling of this list make you realize that what our industries have done for us is something we may never fully understand or be able to repay? How can we recognize them for these brilliant contributions?