How open innovation can help you cope in lean times

Henry Chesbrough, A.R. Garman · 2012 · IEEE Engineering Management Review

Summary. During economic downturns, companies can maintain innovation despite cutting R&D budgets by adopting open innovation strategies. The authors identify five strategic moves that externalize certain assets and projects, allowing outside firms to invest in and develop them or enabling spin-offs that retain partial equity. This inside-out approach preserves growth opportunities while reducing costs, though it requires holistic implementation and senior executive leadership to overcome organizational and cultural barriers.

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Chesbrough, H., & Garman, A.. (2012). How open innovation can help you cope in lean times. IEEE Engineering Management Review. https://doi.org/10.1109/emr.2012.6291580

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  title   = {How open innovation can help you cope in lean times},
  author  = {Henry Chesbrough and A.R. Garman},
  journal = {IEEE Engineering Management Review},
  year    = {2012},
  doi     = {10.1109/emr.2012.6291580},
  url     = {https://doi.org/10.1109/emr.2012.6291580}
}

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AU  - Henry Chesbrough
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Details

DOI: 10.1109/emr.2012.6291580
Countries: United States
Regions: North America
Categories: innovation-theory, entrepreneurship, general-innovation
Added: 2026-04-28