Is open innovation becoming the norm?

The above link is about how open source innovation is changing the paradigms of how businesses think, and react.

A while back, there was a very insightful article written by Piers Fawkes from Psfk regarding how shielding some market research processes could stiffle innovation.  
 
I think this article expands on that piece written by Piers.  A major benefit derived through open innovation is that the quality of the products that were co-developed by the development community (many of whom were not employees of the companies that were bidding projects via open source) are equal or even exceeded those developed entirely in-house.  
 
Interestingly enough, monetary rewards was not the major motivation for the development community.  It was being able to contribute to a meaningful, yet relevant project and bringing this to reality.  
 
As this becomes an increasingly common practice, will there be a bigger debate between preservation of intellectual property rights versus open innovation?
What do you all think of this conundrum? Please discuss.
Advertisements

7 responses to “Is open innovation becoming the norm?

  1. Pingback: Innovation at Google « Ideas make the world go round

  2. Your blog is interesting!

    Keep up the good work!

  3. Pingback: Information as an asset « Ideas make the world go round

  4. Pingback: The economy of free. How come I can now get almost anything for free? « Ideas make the world go round

  5. Pingback: What is the future for ad agencies? « Ideas make the world go round

  6. Pingback: Emerging technological trends for businesses « Ideas make the world go round

  7. Pingback: Innovation from users/consumers « Ideas make the world go round

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s