Image credit: Alizila
In 2006, Adjunct Professor at Berkeley Henry Chesbrough published Open innovation, a book that changed the way companies innovate: from focusing on the internal production of ideas to aiming at capturing the best ideas regardless of whether these were produced internally or found externally.
In this podcast episode, Esade Associate Professor Esteve Almirall talks with Professor Chesbrough about some of the ideas examined at length in his new book Open innovation results, starting with the exponential paradox. Why do new technologies and innovations, which appear to be exponential when looking at their growth rate and potential, end up having such a small increase in productivity?
The exponential paradox is a good excuse to discuss why innovation hasn't produced the level of growth and change in companies and society as a whole to the extent that previous rounds of innovation did, and what needs to be done in terms of innovation policy to remedy that.
In this podcast you’ll find insights into many specific areas beyond a simple overview of the global picture. Areas such as corporate innovation, start-ups, open innovation in cities and, of course, China and the tensions around innovation and innovation policy there.
Innovation in the next 15 years will be endowed with mechanisms and dynamics that will take advantage of new technological capabilities and in this respect the differences will be many. However, its relevance in terms of competition, growth and as an instrument to ensure prosperity will be undoubtedly greater. High levels of efficiency are currently within reach of many organisations, since for quite some years now we have been competing mainly about innovation.
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