Open Services Innovation
December 5, 2011 Editor 0
In his blog, Irving Wladawsky-Berger discusses some of the issues raised in Henry Chesbrough’s book, Open Services Innovation. He notes that Chesbrough’s key argument for the importance of services innovation is the serious competitive challenge faced by many product companies, which he calls the commodity trap, which is the result of three key business forces: Manufacturing and business process knowledge and insights are widely distributed. It is getting harder for companies to differentiate their products and sustain that differentiation over time. Manufacturing of products is moving to areas of the world with very low costs. The amount of time a product lasts in the market before a new and improved one takes its place is shrinking. As a result, even successful products can expect to enjoy an advantage in the market for a shorter time than in the past.
- The impact of OFDI on firm innovation in an emerging country
- To foster innovation, let a hundred flowers bloom?
- Can China be an innovation powerhouse?
- Innovation’s New World Order
- What Happened to the Innovation, Disruption, Technology’ Dividend?
- Are you an Innovator /entrepreneur? Do you want to inspire others?
Categories: Open Innovation
Subscribe to our stories
- SL Crowd Green Solutions September 21, 2020
- Digital transformation in the banking sector: surveys exploration and analytics August 3, 2020
- Why Let Others Disrupt You? Take the Smart Self-Disruption Journey! August 3, 2020
- 5 Tips for Crowdfunding During the Pandemic August 3, 2020
- innovation + africa; +639 new citations August 3, 2020