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IMC SoCal Technology SIG, April 2010 (IMC members only)
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When: Tuesday, April 20, 2010
5:00-7:00 PM
Where: Conference Room
Laurel Electronics, Inc.
3183-G Airway Ave.
Costa Mesa, California  92626
United States
Contact: Curt Deckert

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Institute of Management Consultants

Open Innovation:
Fresh Opportunities for Consultants
With Dr. Larry Crane, Open Innovation and R&D Process Expert

Tuesday, April 20, 5:00 - 7:00 p.m., Laurel Electronics, Inc.,
3183-G Airway Ave., Costa Mesa, CA 92626

The old paradigm of Closed Innovation
states that successful innovation requires control and direction, same as for product development, production, marketing, distribution, servicing, financing, and support.

The new paradigm of Open Innovation states that firms can and should use external ideas as well as internal ideas. The central idea behind Open Innovation is that in a world of widely distributed knowledge, companies cannot afford to rely solely on their own research, but should instead buy or license processes or inventions (e.g. patents) from other companies. In addition, internal inventions that not being used in a firm's business should be taken outside the company through licensing, joint ventures, spin-offs, etc.

Open Innovation presents new opportunities for consultants. While Open innovation will bring new ideas and fresh thinking to companies, it also needs to managed, and tradeoffs need to be made. Open innovation is not only limited to new products, but can be applied to all functional areas of a company.

To learn more about Open Innovation, please join us at our next IMC Technology SIG meeting on Tuesday, April 20, from 7:00 to 9:00 pm. Our guest speaker will be Dr. Larry Crane. Our venue will be the conference room of Laurel Electronics, Inc., 3183-G Airway Ave., Costa Mesa, CA 92626 (close to the intersection of the 405 and 55 freeways). Map. Those interested may proceed to a local restaurant following our meeting.

Larry Crane, Open Innovation & Product Development Expert
Dr. Larry Crane has more than 25 years leading R&D teams in the area of adhesives, coatings and electronic materials as well as synthesis of new organic molecules. He is expert in using portfolio management to maximize return on R&D investment and integrates technologies from both internal and external technologies (Open Innovation) into new products. He has global product development experience leading teams around the world. He received his Ph.D in Chemistry from the University of California at Berkeley B.S. degree in Biochemistry/Chemistry from the University of California at Riverside, and a J.D. degree from Georgetown Law School.

IMC Special Interest Groups (SIGs)
are designed for IMC members, but non-members and visitors are welcome for up to three SIG meetings. If your consulting practice includes new product strategy, please join on April 20 and be prepared to share your insights.

The Mission of the IMC Technology SIG is to:

  • Identify opportunities in consulting to high-tech clients.

  • Develop more effective consulting skills in serving high-tech clients.

  • Facilitate use of technology by client companies.

  • Support each other through networking and professional relationships.

  • Create a collaborative group of consultants serving high-tech clients or performing technology development.

Please RSVP to:

Curt Deckert, CMC, PhD
Chair, IMC Technology SIG
President of Curt Deckert Associates, Inc.
714-639-0746, ;;

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