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Leading Open Innovation$
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Anne Sigismund Huff, Kathrin M. Moslein, and Ralf Reichwald

Print publication date: 2013

Print ISBN-13: 9780262018494

Published to MIT Press Scholarship Online: August 2013

DOI: 10.7551/mitpress/9780262018494.001.0001

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Open Innovation at Siemens AG

Open Innovation at Siemens AG

Chapter:
(p.19) 2 Open Innovation at Siemens AG
Source:
Leading Open Innovation
Author(s):

Thomas Lackner

Publisher:
The MIT Press
DOI:10.7551/mitpress/9780262018494.003.0024

This chapter examines the open innovation (OI) project of Siemens AG. It describes the company’s range of OI activities and the recruitment of smart people for the project. It discusses the increasing budget devoted to outside innovation by large companies around the world and highlights the need for innovation projects needed to generate money-making products and services. This chapter also explains that OI projects vary over the course of product and service development and that leaders have the very challenging task of defining needed knowledge and bringing knowledge-holders together across complicated organizational structures.

Keywords:   open innovation, Siemens AG, smart people, budget, money-making products, money-making services, knowledge-holders, organizational structures

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