Innovation Through Cooperation: The Emergence of an Idea Economy (Management for Professionals)

Many people have great ideas. Without the necessary skills and means most never get to realize them. If they could cooperate with competent firms and entrepreneurs together both could achieve much and this is increasingly happening. Mechanisms are being established making a division of labour between inventors and implementers a reality. This is changing the nature of innovation from an internal R&D, or purely entrepreneurial attempt, to a more cooperative innovation. An Idea Economy emerges, where anyone has the possibility to profit from their ideas, and everyone will benefit from more and better innovation. This book presents us the emergence and structure of the Idea Economy by extending the seminal concepts of Entrepreneurial Society and Open Innovation. Part I describes the big picture on how innovation is evolving, where we are today, and what an Idea Economy will look like. Part II points the way forward, discussing in detail on how cooperation in the innovation process works, and why this is only recently becoming possible. ​ Many people have great ideas. Without the necessary skills and means most never get to realize them. If they could cooperate with competent firms and entrepreneurs together both could achieve much and this is increasingly happening. Mechanisms are being established making a division of labour between inventors and implementers a reality. This is changing the nature of innovation from an internal R & D, or purely entrepreneurial attempt, to a more cooperative innovation. An Idea Economy emerges, where anyone has the possibility to profit from their ideas, and everyone will benefit from more and better innovation. This book presents us the emergence and structure of the Idea Economy by extending the seminal concepts of Entrepreneurial Society and Open Innovation. Part I describes the big picture on how innovation is evolving, where we are today, and what an Idea Economy will look like. Part II points the way forward, discussing in detail on how cooperation in the innovation process works, and why this is only recently becoming possible Front Matter....Pages i-xii Front Matter....Pages 1-1 Introduction....Pages 3-15 Front Matter....Pages 17-17 Economic Evolution....Pages 19-34 The Entrepreneurial Society....Pages 35-58 Open Innovation....Pages 59-71 The Idea Economy....Pages 73-86 More and Better Innovation....Pages 87-95 Front Matter....Pages 97-97 Setting the Stage....Pages 99-114 The Missing Link....Pages 115-124 Narrowing the Gap....Pages 125-142 Bridging the Gap....Pages 143-170 Cooperative Innovation....Pages 171-194 Cooperative Innovation and Its Future....Pages 195-200 Concluding Remarks....Pages 201-206 Back Matter....Pages 207-238