We know that there are basically two ways to adopt open innovation in a company: - The inbound process, which exploits external sources of innovation in order to integrate external know how and innovation into the company.
- The outbound process, which utilizes external innovation opportunities with internal capabilities and resources.
Because leveraging external resources is extremely popular at the moment, the outbound process often is forgotten. But remember how many patents and license are not used in many companies (according to Chesbrough). The example of GlaxoSmithKline shows how to leverage unused intellectual property.
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Innovation leads to evolution. That's the claim of Toyota's new campaign: "
In November 2008 Henry Chesbrough founded an exclusive, members-only club: The "powerhouse Berkeley Innovation Forum". Major companies like Coca-Cola, Kraft, Philips Electronics and others joined the club for an annual membership fee of 10,000$. Members are meeting privately twice a year and communicate over a private online community. 