Category: Open Innovation

Design the Right Open Innovation Project - innovation excellence

Open Innovation is now widely recognized as a way to enhance options for innovation by accessing external assets. However it can mean many things to many people; from running a crowdsourced idea scheme like Lego Ideas or MyStarbucksIdea, through to large co-branded initiatives like Senseo. Continue reading

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Results from a new national survey shows companies adopting open innovation (OI) to out-pace competitors and lead their industries in an increasingly aggressive global landscape Continue reading

Posted in Finance, Open Innovation | Leave a comment

In the sandbox, creativity reigns, stress dissolves, and innovation is suddenly possible. Continue reading

Posted in Creativity, Culture & Values, Disruption, Management, Open Innovation, Policy | 2 Comments
Fighting for Innovation Attention

Apple, Lego, Philips, Samsung, IBM, GSK and, recently, Tata Steel, among many others – all have adopted open innovation initiatives to expand their organizations’ horizons. As competitive advantages enjoy shorter lives and the demand for external creative minds increases, you need to conquer the right audience to generate value. Continue reading

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Word Cloud "Crowd Funding"

Don’t be discouraged if your investors meeting went bad. Crowdfunding may be the answer to secure the funding your project needs. Continue reading

Posted in Creativity, Industry, Inspiration, Open Innovation, Social Media, Technology, marketing | Leave a comment

Given that homogeneity produces homogenous responses, it becomes insufficient when the time comes to deliver innovative responses. Therefore, innovation needs to break homogeneity and bring variety into the company. Continue reading

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Rather than looking at startups as disruptors or threats, large companies need to start embracing the innovator’s mindset, where threats are often seen as opportunities. In this case, the opportunity to partner with nimble, emerging startups that are well positioned to exploit emerging trends and disruptive innovations is one worth exploring. Continue reading

Posted in Disruption, Entrepreneurship, Industry, Innovation, Management, Open Innovation, Technology, collaboration | 2 Comments