Knowledge Exchange Issues In Open Innovation

Law360, New York (July 19, 2010, 1:12 PM EDT) -- Open innovation is an umbrella term for business processes that facilitate the use of external sources for ideas, or intellectual capital or resources. Old and mundane examples include in-licensing of intellectual property and focus groups. Less-common examples include open sourcing and know-how trading.

There are many kinds of open innovation systems and, arguably, each should be unique to a respective company and its expectations of the system. However diverse, all open innovation processes pose challenges for transferors and transferees, and it is useful for transferees to...
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