Thursday, June 20
Registration opens at 6:15 PM
MIT Sloan, Building E62, rm. 233
100 Main Street
Cambridge, Massachusetts 02142
Online registration is closed.
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BPMA Monthly Meeting
Open Source Innovation - MIT Sloan Alumni Partner Event
With Dr. Eric von Hippel
Currently, companies develop products for customers, but new research, based on three worldwide multi-decade surveys, shows that this paradigm is flawed - customers are generating massive amount of product innovation and consider themselves a major source of innovation. In the UK, customers spend more on innovation - in the billions! - than companies themselves. These customers-turned-innovators have become a source of totally new products and product improvement for both B2B and B2C services, while tools for design and prototype construction are getting more accessible to "garage shops."
So who are these customer-innovators? What and where are they spending? What is causing them to innovate? What are their demographics? And, most importantly, how can they be incentivized to share?
In this BPMA and MIT Sloan joint-event, speaker Eric von Hippel will address these questions and more.
- What businesses should do to build on customer innovation
- How to attract customer activity and identify the most promising innovations
- How we can accelerate the process of innovation
- What the benefits are that companies can expect from such efforts
Timeline for the evening:
6:15 pm: Registration opens
6:30 - 7:15 pm: Informal & structured networking (light refreshments are served)
7:20 - 7:30 pm: Announcements
7:30 - 8:40 pm: Presentation
8:40 - 9:00 pm: Wrap up, networking follow up and depart
Premium Members: Free if you pre-register online at least one day prior to event or $10 at the door
Basic Members:$25 if you pre-register and pay online at least one day prior to event or $35 at the door
Non-Members: $35 if you pre-register and pay online at least one day prior to event or $45 at the door
Parking & Driving:
MIT Sloan School of Management
Building E62, Room 233
(see MIT map)
139 Mass. Ave - $20 a day (cash only)
125 Vassar St, West Garage - $20 a day (credit card only)
Ames St., Amherst St., Main St., Memorial Drive or
Tang Center Parking Lot (see MIT map)
Kendall/MIT Station, Cambridge, MA
See walking directions from the T
About the Speaker:
Eric von Hippel is the T. Wilson (1953) Professor in Management and a Professor of Management of Innovation and Engineering Systems at the MIT Sloan School of Management.
His research discovers and explores patterns in the sources of innovation and develops new processes to improve the "fuzzy front end” of the innovation process—the end where ideas for breakthrough new products and services are developed. In his most recent book, Democratizing Innovation (MIT Press, April 2005), von Hippel shows how communities of users are actually becoming such powerful innovation engines that they are increasingly driving manufacturers out of product development altogether—a pattern he documents in fields ranging from open source software to sporting equipment. This discovery has been used for a better understanding of the innovation process and for the development of new innovation processes for industry. He is currently leading a major research project to discover how these user innovation communities work, and how and whether the same principles might extend to many areas of product and service development. In addition, von Hippel is working with governmental and academic colleagues in the Netherlands, Denmark, and the United Kingdom to develop new and modified governmental policies appropriate to the newly emerging innovation paradigm of user-centered innovation.
He holds a BA in economics from Harvard College, an SM in mechanical engineering from MIT, and a PhD in business and engineering from Carnegie-Mellon University.