The not invented here syndome is commonplace around the world. It probably stems from Ronald Coase’s treatise on the importance of transaction costs. Coase believed that the cost of finding and recruiting talent meant you were duty bound to have the best brains within your organisation. That was of course 75 years ago. Has the world changed?
Quite probably so. Organisations from a wide range of sectors are now opening up their innovation processes to people outside of their organisation. GE for instance have ecoMagination and their recent partnership with Quirky. Lego have their Cuusoo platform. Darpa are using the crowd to design their latest tank, and so on.
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To read the full, original article click on this link: Is open innovation the future of academic research? | Chartered Management Institute
