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Title: Free Innovation
Author: Eric von Hippel
Narrator: Tom Parks
Format: Unabridged
Length: 5 hrs and 24 mins
Language: English
Release date: 11-18-16
Publisher: Brilliance Audio
Genres: Science & Technology, Technology
Publisher's Summary:
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.
Members Reviews:
Incredibly engaging !!
Free innovation is an audacious and powerful read !!
This brilliant book provides an extensive analysis of a generally assumed,
yet rarely researched manifestation of human creativity.
It offers a logical account of two paradigms: free innovation and producer innovation.
von Hippel shows convincingly how these complement each other resulting in both increased
producer profits and social welfare. The book offers solid analysis anchored in very rich data.
This book is a must-read for students, managers and policy-makers seeking to both
understand and influence innovation in society and the economy.
Georg von Krogh (ETH, Zurich)
Yash Raj Shrestha (ETH, Zurich)
A seminal book
"Free innovation" is Eric von Hippel's third book. The first ("The Sources of Innovation", 1988) introduced the revolutionary idea that users, not only firms innovate. Pioneering work. The second ("Democratizing Innovation", 2005) provided a building block for the evolving new research field of "open and user innovation" in the era of the internet and inspired scholars, managers, and policy-makers worldwide.
The long awaited third book now integrates the vast extant research in this field into a new framework, the "free innovation paradigm". Anyone who wants to get information about the present and particularly about the future of innovation, about innovation management, and innovation policy should study this book. Similar to the first two, also this book is clear, well-structured, full of great examples, and manages to integrate complex and diverse findings into a crisp and clear line of argumentation. It is also fun to read.
