Henry Chesbrough published the first of his three books on Open Innovation (OI) in 2003. Since then, OI has steadily grown to become a widely accepted and much-lauded model of innovation management. At the highest level, the model was founded on the theory that companies could reinvigorate stagnating innovation processes by engaging beyond the four walls of the enterprise—trading their unused intellectual property and sourcing new ideas from third parties.
Early Inspiration
Chesbrough’s views on OI were formed, in part, by research he conducted during the mid-1980s at Xerox’s Palo Alto Research Center.
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