(512a) Academics and Open Innovation
AIChE Annual Meeting
2011
2011 Annual Meeting
Management Division
Challenges In Open Innovation and Growth
Wednesday, October 19, 2011 - 12:40pm to 1:10pm
Open Innovation generally refers to property rights issues associated with orgainzations such as nine sigma. In a broader sense, it refers to the issue of "credit" of which cash awards are one type. The issue of "control" and the financial and other rewards have to do with the relationship between buyer and seller. Transactions must have a degree of confidence in the integrity of the parties and establishing that confidence is a key requirement.