Category: Open Innovation

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

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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 | 1 Comment
ASQ June 2015 Cover

There is increasing scholarly interest in how culture impacts creativity. This paper advances a new theoretical model to understand how culture impacts creativity in a global context. We theorize that creativity engagement and success depends on the cultural tightness (the extent to which a country is characterized by strong social norms and low tolerance for deviant behaviors) of both the innovator’s country and the audience’s country as well as the cultural distance between these two countries. Continue reading

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Once you have established if a proposition is desirable and possible, the assessment can be made on whether it is viable in the market. Continue reading

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Innovation Challenges tend to work best for incremental innovation. That is, they are ideal for accumulating smaller ideas that are easier to implement, but have a huge accumulated impact. Clients like ours at SoapBox run engaged continuous innovation programs. These programs act like “idea engines”: they take in raw employee ideas and convert them into business value over an extended period of time. Continue reading

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