Onehaas

In this episode, we chat with Henry Chesbrough, who coined the term "open innovation." He is the educational director of the Garwood Center for Corporate Innovation at Berkeley Haas. He earned his BA in economics from Yale University, an MBA from Stanford, and a Ph.D. in business administration from Berkeley Haas. His research focuses on technology management and innovation strategy. Henry talks a little bit about his background from Michigan to Yale, then Harvard to Haas. He then explains the term "open innovation," a distributed innovation process that involves flows of knowledge into and out of organizations. He shares the three cycles that can lead open innovation to closed innovation and its risks and limitations.Episode Quotes:"Open innovation is an entry point into the domain of corporate innovation. The idea is that not all the smart people work for you. In fact, most smart people work somewhere else. No matter how big you are, no matter how good you are, you can't do it all al