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Business
Sharing Secrets to Innovate More Profitably
- Friday, February 4, 2011
- By Tom Simonite
Offering your best ideas to others may sound like bad business. But it's better than keeping them under wraps, explains Henry Chesbrough, the father of open innovation.
In the world of technology, new ideas rule. But that doesn't mean companies should keep their research labs under lock and key. Henry Chesbrough, a professor at the Haas School of Business at the University of California, Berkeley, has spent years documenting the benefits of "open innovation." Chesbrough recently told Tom Simonite, Technology Review's IT editor for hardware and software, why it works.
TR: What is open innovation?
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