IMM
8050
S0019-8501(20)30300-X
10.1016/j.indmarman.2020.04.010
The Author
Research paper
To recover faster from Covid-19, open up: Managerial implications from an open innovation perspective
Henry
Chesbrough
chesbrou@haas.berkeley.edu
Faculty Director of the Garwood Center, Haas School of Business, UC Berkeley, Maire Tecnimont Professor of Open Innovation, Luiss University, Rome, Italy
Faculty Director of the Garwood Center
Haas School of Business
UC Berkeley
Maire Tecnimont Professor of Open Innovation
Luiss University
Rome
Italy
Faculty Director of the Garwood Center, Haas School of Business, UC Berkeley, and Maire Tecnimont Professor of Open Innovation, Luiss University, Rome
Abstract
Covid-19 has severely tested our public health systems. Recovering from Covid-19 will soon test our economic systems. Innovation will have an important role to play in recovering from the aftermath of the coronavirus. This article discusses both how to manage innovation as part of that recovery, and also derives some lessons from how we have responded to the virus so far, and what those lessons imply for managing innovation during the recovery.
Highlights
•
Covid-19 has prompted a wide variety of open, collaborative responses.
•
These responses are based on a research concept called Open Innovation. Openness not only saves money, but saves time, which is critical in a pandemic.
•
Openness can go much further, to PPE like masks, to ventilators, to alternatives to hospital rooms.
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10.1016/j.indmarman.2020.04.010
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