This course provides the foundation for managing open innovation processes in firms. Comparing closed to open innovation approaches, the course focuses on outside-in open innovation processes, i.e. sourcing external knowledge from and collaborating with users, universities, suppliers, competitors, and the like for generating innovation. Moreover, the course discusses the interplay between innovation, exploration, exploitation, and search, and the growing importance of efficient search approaches across widely distributed sources of innovation. More specifically, we will discuss the concepts of local vs. distant search and related search methods for accessing and leveraging innovation-relevant knowledge.
The Managing Open Innovation course will particularly highlight the role of users and user communities as a source of innovation. Finally, the course will introduce participants to concrete search applications such as crowdsourcing for generating inputs to organizations’ innovation processes.
- Open vs. closed innovation approaches
- Open innovation management and processes
- Distributed sources of innovation
- Open innovation methods for outbound, inbound and coupled innovation processes
- Organizational antecedents of open innovation.
In this course, you will learn to:
- Develop a sound understanding of the open innovation approach
- How to effectively search across and collaborate with different sources of innovation (internal and external to an organization) to develop innovations
- Create and capture value in open innovation
- Design and implement open innovation activities in firms.
The course is relevant to managers from all kinds of industries who want to influence their workplaces and careers by mastering new forms of innovation practices. More specifically, practices that are characterized by being more open, collaborative and multi-domain-spanning than traditional models.