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This book reveals how open innovation utilizes the developing circle of business models to establish new ones that define a unique link between technology and markets, focusing on how to develop and maintain successful business models. It draws readers into the philosophy and economic effects of open innovation from the outset.It presents four different developing circle business models for customers in the role of consumers, entrepreneurs, social entrepreneurs and engineers respectively, enabling each group to develop, utilize and enlarge creative business models, and even switch business models.In addition to these four circles, it takes a systemic approach to describe the relationship between technology and markets. From this relationship an open innovation strategy towards entrepreneurship can be adopted. From Open Innovation to a Creative Developing-Circle Business Model is an essential resource for start-up entrepreneurs, as well as for students of technology management, strategy and open innovation.
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Management for Professionals JinHyo Joseph Yun Business Model Design Compass Open Innovation Funnel to Schumpeterian New Combination Business Model Developing Circle Management for Professionals More information about this series at http://www.springer.com/series/10101 JinHyo Joseph Yun Business Model Design Compass Open Innovation Funnel to Schumpeterian New Combination Business Model Developing Circle JinHyo Joseph Yun Tenured Researcher of DGIST and Professor of Open Innovation Academy of SOItmC Daegu, Korea, Republic of (South Korea) ISSN 2192-8096 ISSN 2192-810X (electronic) Management for Professionals ISBN 978-981-10-4126-6 ISBN 978-981-10-4128-0 (eBook) DOI 10.1007/978-981-10-4128-0 Library of Congress Control Number: 2017941317 © Springer Nature Singapore Pte Ltd. 2017 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Printed on acid-free paper This Springer imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd. The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore Preface How do we conquer the growth limits of a global capitalist economy? I have studied open innovation and open business model to answer this question nearly for 10 years. The creative three books such as Open Innovation (2003), Open Business Models (2006), and Open Services Innovation (2011) from Henry Chesbrough who is the founder of open innovation gave me big implications. I realized the requirement of a global research community and journal to answer my research question in 2010. So