Home > Services：Important Theme > Open Innovation
Open Innovation
Open Innovation
Open Innovation Principles
・Not all the smart people work for us. We need to work with smart people inside and outside our company.
・External R&D can create significant value; internal R&D is needed to claim some portion of that value.
・We don’t have to originate the research to profit from it.
・Building a better business model is better than getting to market first.
・If we make the best use of internal and external ideas, we will win.
・We should profit from others’ use of our IP, and we should buy others’ IP whenever it advances our own business model.
The Open Innovation Pradigm for Managing Industrial R&D
Closed Innovation
Closed Innovation Principles
・The smart people in our field work for us.
・The profit from R&D, we must discover it, develop it, and ship it ourselves.
・If we discover it ourselves, we will get it to market first.
・The company that gets an innovation to market first will win.
・If we create the most and the best ideas in the industry, we will win.
・We should control our IP, so that our competitors don’t profit from our ideas.
The Closed Innovation Paradigm for Managing Industrial R&D
