tag:blogger.com,1999:blog-9155427933166618966.post4992529108162971533..comments2008-03-05T08:14:01.735-08:00Joel Westhttp://www.blogger.com/profile/03837038327488766775noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9155427933166618966.post-27027313208771422052008-02-24T21:22:00.000-08:002008-02-24T21:22:00.000-08:00Chad,<BR/><BR/>Thanks for posting. Since you are new to Open Innovation, I would encourage you to read Chapter 1 of the <A HREF="http://www.openinnovation.net/Book/NewParadigm/" REL="nofollow">Oxford book</A> (available free online, follow the link).<BR/><BR/>The short answer to your final question is that some people are interested in innovation that is shared by all and owned by no single individual, such as Project GNU in open source. But this is not the kind of innovation that we considered in our communities article, nor in the Oxford book. In fact, Chapter 5 of the Oxford book contrasts open source that is not open innovation and vice versa. Chesbrough's definition is making money from innovation, although many of the community innovation principles would be similar.<BR/><BR/>To your first point, absolutely one of the most important issues for open innovation is finding a way to match buyers and sellers. If there is no system for doing this, then neither party can use the market to procure/sell innovations and only closed innovation takes place.<BR/><BR/>What is the right way for doing this? I don't think the problem has been solved. If you want to solve it, there are some difficult questions about measuring the quality of the innovation, and also on telling people about your innovation without having them sell it. EBay or Craig's List wouldn't be enough.<BR/><BR/>I hope this helps you in your thinking.<BR/><BR/>JoelJoel Westnoreply@blogger.comtag:blogger.com,1999:blog-9155427933166618966.post-13008941786991993392008-02-23T13:19:00.000-08:002008-02-23T13:19:00.000-08:00Mr. West<BR/>i am extremely new to the Open Innovation concept but i am hoping to jump in with both feet shortly. As i have been investigating Open Innovation to understand the world, it occurred to me the social aspect to Open Innovation. I was thrilled to find your article (Google rocks!) and enjoyed reading it very much. I have some comments, albeit they are from a novice so take them with a grain of salt. If you have any time in your busy schedule to respond and "set me straight", i would very much enjoy your additional insight.<BR/>Thanks<BR/>Chad (briddellc@tessco.com)<BR/><BR/>> Immediately i envisioned a www.linkedin.com experience whereby innovation agents (individuals, companies, institutions) could be invited into a network. In contrast to LinkedIn where people's profiles are posted and reviewed, companies could post information about projects in either the research phase or development phase. I am debating the need to invite people/companies into your network vs an open access blogosphere approach...as for-profit companies do have to be considerate to competition.<BR/>> this wold be without a doubt, a community with a purpose....profit through product/service expansion to the global market. what is intriguing and facilitated by software would be allowing a true market competitor into the community. Project knowledge of each other may evolve in many fashions...if we share the same concept one could launch first and the other could be a real-fast follower. also, one firm could choose to exit the project because the other is already doing it, in any case the information and risk/reward is improved and isn't business mostly about trading risk for reward?<BR/>> i also like the idea as it relates to fostering product expansion to markets not penetrated before. Envision a company with mostly US sales could develop a product that would sell in the EU but has no penetration. Offering/co-developing the product with a similar firm in the EU (one with no penetration in the US) could quickly allow for incremental/non-competitive revenue.<BR/>> page 5 postulates some comments about the degree to the extent of collaboration may be and is a really a community or a customer base. I see your point. i refer your thinking back to the idea of "flow of information". Does product transparency in the market serve the market and its constituents and therefore provide value to the community?<BR/>> Does OPEN Innovation imply a more idealistic nature of sharing without walls? i consider a more palletable subset of Open Innovation as Networked Innovation which implies a defined Network of agents interacting for mutual benefit of commercializing ideas.<BR/><BR/>Food for thought...Anonymousnoreply@blogger.com