This research seminar examines the possible implications for modern innovation generally of the Open Source movement in software development. The key research question asked is: Does Open Source offer businesses a new model for modern value creation? The answer is a qualified "yes", and the new approach toward innovation is, what we call, "Open Innovation."

In presenting the new Open Innovation model, relevant features of Open Source software development are delineated and the necessary ingredients for its success are identified. The factors that allowed Open Source software development to be successful and the forces that helped changed Open Source from a grassroots software development movement to a quasi-industry are analyzed.

The Open Innovation model is presented within the context of the overall evolution of modern innovation. Its major features include: an "open" context (e.g. availability of expertise and talent, the role of status and professional reputation and sufficient financial resources); a bolstering firm organization (e.g. scanning and networking with customers and others); supportive management practices (e.g. nurturing variety); and appropriate strategy (e.g. incorporating community in strategy).

Throughout this discussion relevant examples of the emerging Open Innovation approach and useful intellectual concepts from a range of fields are also provided.

Location

This research seminar will be held at the New York Information Technology Center, 55 Broad Street, in the "Global Digital Community Sandbox" on the Fourth Floor. (Note: 55 Broad Street is in the Wall Street District of Manhattan, a block away from the New York Stock Exchange.) Click here for directions.

Return to Research Seminar Series Home