Free Innovation
A leading innovation scholar explains the growing phenomenon and impact of free innovation, in which innovations developed by consumers and given away “for free.” In this book, Eric von Hippel, author of the influential Democratizing Innovation, integrates new theory and research findings into the f...
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| Главный автор: | |
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| Формат: | Online |
| Язык: | английский |
| Опубликовано: |
The MIT Press
2022
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| Предметы: | |
| Online-ссылка: | ONIX_20220125_9780262335461_66 |
| Метки: |
Нет меток, Требуется 1-ая метка записи!
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| _version_ | 1869520014102495232 |
|---|---|
| author | Hippel, Eric von |
| author_browse | Hippel, Eric von |
| author_facet | Hippel, Eric von |
| author_sort | Hippel, Eric von |
| collection | Directory of Open Access Books |
| description | A leading innovation scholar explains the growing phenomenon and impact of free innovation, in which innovations developed by consumers and given away “for free.” In this book, Eric von Hippel, author of the influential Democratizing Innovation, integrates new theory and research findings into the framework of a “free innovation paradigm.” Free innovation, as he defines it, involves innovations developed by consumers who are self-rewarded for their efforts, and who give their designs away “for free.” It is an inherently simple grassroots innovation process, unencumbered by compensated transactions and intellectual property rights. Free innovation is already widespread in national economies and is steadily increasing in both scale and scope. Today, tens of millions of consumers are collectively spending tens of billions of dollars annually on innovation development. However, because free innovations are developed during consumers' unpaid, discretionary time and are given away rather than sold, their collective impact and value have until very recently been hidden from view. This has caused researchers, governments, and firms to focus too much on the Schumpeterian idea of innovation as a producer-dominated activity. Free innovation has both advantages and drawbacks. Because free innovators are self-rewarded by such factors as personal utility, learning, and fun, they often pioneer new areas before producers see commercial potential. At the same time, because they give away their innovations, free innovators generally have very little incentive to invest in diffusing what they create, which reduces the social value of their efforts. The best solution, von Hippel and his colleagues argue, is a division of labor between free innovators and producers, enabling each to do what they do best. The result will be both increased producer profits and increased social welfare—a gain for all. |
| format | Online |
| id | doab-20.500.12854ir-77919 |
| institution | Directory of Open Access Books |
| language | eng |
| publishDate | 2022 |
| publishDateRange | 2022 |
| publishDateSort | 2022 |
| publisher | The MIT Press |
| publisherStr | The MIT Press |
| record_format | ojs |
| spelling | doab-20.500.12854ir-779192024-03-30T12:52:34Z Free Innovation Hippel, Eric von Entrepreneurship Inventions and inventors thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJH Entrepreneurship / Start-ups thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TB Technology: general issues::TBY Inventions and inventors A leading innovation scholar explains the growing phenomenon and impact of free innovation, in which innovations developed by consumers and given away “for free.” In this book, Eric von Hippel, author of the influential Democratizing Innovation, integrates new theory and research findings into the framework of a “free innovation paradigm.” Free innovation, as he defines it, involves innovations developed by consumers who are self-rewarded for their efforts, and who give their designs away “for free.” It is an inherently simple grassroots innovation process, unencumbered by compensated transactions and intellectual property rights. Free innovation is already widespread in national economies and is steadily increasing in both scale and scope. Today, tens of millions of consumers are collectively spending tens of billions of dollars annually on innovation development. However, because free innovations are developed during consumers' unpaid, discretionary time and are given away rather than sold, their collective impact and value have until very recently been hidden from view. This has caused researchers, governments, and firms to focus too much on the Schumpeterian idea of innovation as a producer-dominated activity. Free innovation has both advantages and drawbacks. Because free innovators are self-rewarded by such factors as personal utility, learning, and fun, they often pioneer new areas before producers see commercial potential. At the same time, because they give away their innovations, free innovators generally have very little incentive to invest in diffusing what they create, which reduces the social value of their efforts. The best solution, von Hippel and his colleagues argue, is a division of labor between free innovators and producers, enabling each to do what they do best. The result will be both increased producer profits and increased social welfare—a gain for all. 2022-01-25T15:08:34Z 2022-01-25T15:08:34Z 2016 book ONIX_20220125_9780262335461_66 9780262335461 9780262035217 https://directory.doabooks.org/handle/20.500.12854/77919 eng image/jpeg n/a http://mitpress.mit.edu/9780262035217 The MIT Press The MIT Press ae0cf962-f685-4933-93d1-916defa5123d 9780262335461 9780262035217 The MIT Press 240 Cambridge open access |
| spellingShingle | Entrepreneurship Inventions and inventors thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJH Entrepreneurship / Start-ups thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TB Technology: general issues::TBY Inventions and inventors Hippel, Eric von Free Innovation |
| title | Free Innovation |
| title_full | Free Innovation |
| title_fullStr | Free Innovation |
| title_full_unstemmed | Free Innovation |
| title_short | Free Innovation |
| title_sort | free innovation |
| topic | Entrepreneurship Inventions and inventors thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJH Entrepreneurship / Start-ups thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TB Technology: general issues::TBY Inventions and inventors |
| topic_facet | Entrepreneurship Inventions and inventors thema EDItEUR::K Economics, Finance, Business and Management::KJ Business and Management::KJH Entrepreneurship / Start-ups thema EDItEUR::T Technology, Engineering, Agriculture, Industrial processes::TB Technology: general issues::TBY Inventions and inventors |
| url | ONIX_20220125_9780262335461_66 |
| work_keys_str_mv | AT hippelericvon freeinnovation |