Author Archives: Stefan Lindegaard

Creating a Networking Culture

In my previous post, Why a Networking Culture Is Important, I argued that a strong innovation culture requires a strong networking culture. But what does a good networking culture looks like?It is such a new concept that there are not lot of examples available to illustrate it, but here are some key components of a good networking culture:Top executives and innovation leaders have outlined clear strategic reasons why employees need to develop and nurture internal and external relationships. This includes making clear how your company’s networking culture links with and supports your innovation strategy (which, of course, is an outgrowth of your overall corporate strategy.)Among the things to consider when developing your networking culture strategy is what types of networks you hope to build to support your innovation efforts. If your organization is moving toward open innovation, possibilities would include peer-to-peer networks for people working with open innovation in different … Continue reading

Posted in Open Innovation, People & Skills, Social Media | 1 Comment
Why a Networking Culture is Important

The reason for creating a networking culture is obvious once you look at the current and future direction of innovation. Let’s start by disposing of the myth of the lone genius (the Thomas Edisons and the Alexander Graham Bells of yesteryear) arriving at a breakthrough innovation on his/her own.This model wasn’t true then, and even if it were, it simply does not hold true in today’s complex business organizations. Technology and the challenges that must be solved have become so complex that many, perhaps even most, companies can no longer rely solely on their own internal innovation geniuses, no matter how brilliant those people may be.Innovation is increasingly about having groups of people come together to leverage their diverse talents and expertise to solve multi-faceted challenges that cross multiple disciplines. To make this happen within your organization, and beyond as you move toward open innovation, requires a networking culture that … Continue reading

Posted in Innovation, Open Innovation, collaboration | 6 Comments
Simple Justification for Open Innovation

I stumbled over an interesting paper, “Sourcing External Technology for Innovation”, by the Alliance Management Group which has developed lots of great content including the Want–Find–Get–Manage framework below:Want – What external resource(s) does the firm want to access from the outside world to meet its strategic intent?Find – What mechanisms will the firm use to find these external resources?Get – What processes will the firm use to plan, structure and negotiate an agreement to access the resources?Manage – What tools, metrics and management techniques will the firm use to implement the relationship?The article focuses on the Want element of this framework and what I in particular liked is the equation: A + B = C. I have inserted the below edited snippets from the article in order to introduce you to the equation.We will define our terms:Variable A – “Represents the firm’s existing ‘assets’ including its production equipment, core capabilities, … Continue reading

Posted in Leadership, Open Innovation, Strategy | 2 Comments
Making Your Organization Understand Open Innovation

A Lesson from General Millsby Stefan LindegaardChanging organizational culture is one of the most difficult tasks when it comes to open innovation. What can you do? Well, General Mills gave a great example at the recent CoDev conference. By sending more than 20 people to the conference, they sent a strong signal – internally as well as externally – that they are committed to open innovation.I really liked this move and thus I did an interview with Mike Antinone, who is Sr. R&D Manager, Connected Innovation in General Mills Worldwide Innovation Network, in order to get a better understanding on this.What made you decide to send this delegation to CoDev?We had two main reasons for sending our GWIN team to CoDev this year. The first was really around team building. We have added several new team members as we expand our global innovation entrepreneur program and we wanted to have … Continue reading

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Is China an Innovative Society?

I tapped into an interesting discussion on LinkedIn. Chris Gelken, who is host and co-producer of Today, a live news magazine, asked whether China is an innovative society.Personally, I find the development of China to be both fascinating and a bit frightening seen from a Western perspective. Based on several visit, my take is that if China avoids too many financial bubbles, then the drive and ambition of the Chinese people to climb the value chain ladder will turn it into an innovation hotspot sooner than many think.There are many great comments in the discussion and I have inserted snippets from a couple of them below. Check out the rest for yourself: Is China an Innovative Society? (requires group membership to China Networking Group)Zhiyun Chen, Vice President at PixelligentI think as indivduals Chinese are very creative. It is result of strong natural selection by firece competetion in a closed society. … Continue reading

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Innovation Metrics of Leading Companies

I have often shunned the idea of metrics for innovation as it has been very difficult finding companies being good at this.However, I believe it is important to work this out in order to raise the innovation productivity and in this post I share some input from a couple of large corporations based on a discussion on LinkedIn last year.The discussion was started by Jimm Feldborg, who is R&D Manager at Grundfos in China. Jimm pointed out that a good start is to understand whether your indicator is a:Lag indicator. The results are lagged with weeks, months or years and cannot be changed. Some examples are rewards and the number of patents.Current indicator. The results happen right now giving you some possibilities to act and change and thus affect the future results. Some examples are the number of ideas generated and ongoing projects.Lead indicator. The results are predictive for the … Continue reading

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Increasing Innovation Productivity

In a 2006 article, P&G’s New Innovation Model, P&G stated that their open innovation program – along with improvements in other aspects of innovation related to product cost, design, and marketing – made their R&D productivity increase by nearly 60 percent since 2001.When I listen to P&G talks on innovation today, the innovation productivity has nearly doubled and open innovation is a key reason for this.Every company would like to increase their innovation productivity significantly so I am looking into how companies can do this. I am still researching and it would be great to have a discussion here on my blog. A few conversation starters:What does innovation productivity mean?In this video, P&G gives us some insight on innovation productivity including this quote from A.G Lafley: “…the other obvious way we measure innovation productivity is how much innovation do we generate per person and how much innovation do we generate … Continue reading

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