Book Review

The Open Innovation Marketplace

Creating Value in the Challenge Driven Enterprise

By: Alpheus Bingham, Dwayne Spradlin

 

 

 

 

The Open Innovation Marketplace introduces groundbreaking strategies for leveraging a world of innovators to develop breakthrough products faster, with lower cost and risk. Drawing on their experience building InnoCentive, the pioneering open innovation platform, the authors show how to dramatically increase the flow of high-value innovations your organization can discover – and deliver.

 

Open Innovation

SWOT Analysis of Open Innovation

Open Innovation in Education

Examples of Open Innovation

 

 

 

Alpheus Bingham and Dwayne Spradlin draw on their pioneering experience building InnoCentive, the leading global platform for open innovation. Writing for CxOs, R&D leaders, and innovation strategists, they show how to dramatically increase the flow of high-value innovations, access innovators you would never hire internally, and successfully integrate external innovation throughout your business.

Through illustrative case studies, Bingham and Spradlin demonstrate open innovation at work in pharmaceuticals, consumer products, software, aeronautics, and beyond. They show how to construct “challenges” that focus innovation on critical business needs, can attract breakthrough strategies and solutions, and how to transform your enterprise to do it over and over again.


Tips for Leveraging Open-Innovation

Integrate multiple innovation channels in one high-value framework.

Choose and integrate complementary innovation sources.

Access the “long tail” of expertise and a whole world of innovators on demand.

Tap innovation from an entire planet of creative and passionate problem solvers.

 

 

 

Gain the breakthrough benefits of a Challenge Driven Enterprise.

Virtualize and transform your business for modern competitiveness.

Reengineer your organization to enable open innovation and better business practices.

Overcome the Not Invented Here (NIH) mentality and unleash your organization’s innovation potential.

 

Innovation

Innovation System

Innovation-friendly Organization

Most Innovative Companies: Common Characteristics