Open Innovation

Co-creation Springs From a Sense of Common Purpose

Too often the question of value extraction/retention is a dominant concern for all parties at too early a stage. For the sake of argument, let’s consider a supplier who has to develop a critical component for a customer who will integrate it in the design of a new finished product. The development process has not yet started that the customer ...

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Apple – The Open Innovation Exception

Ben Verleg recently asked about my views on Apple and innovation. The short version is that I am big fan of Apple products and if you can make such great products, you obviously also do well with regards to innovation. One thing I really like about Apple is that they seem to understand that innovation goes beyond the product itself. ...

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P&G and the Future of (Open) Innovation

In this post, I am pleased to be able to share some insights on what Chris Thoen, Managing Director of Open Innovation at P&G believes will drive and/or impact the future of (open) innovation. Developing regions: There will be a tremendous amount of innovation in and from developing regions which is driven by population as well as capability growth in ...

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Crowdsourcing Moves Beyond Open Innovation

Point: Crowdsourcing is maturing beyond its amateur-content and open innovation origins toward core business processes. Story: In the beginning, companies used crowdsourcing as part of their open innovation efforts to get new ideas from lead users, customers, and the world at large. But now, entrepreneurial companies such as Trada and CloudCrowd are moving beyond one-off design efforts and contests (e.g., ...

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Response – Should BP crowdsource potential solutions for the Gulf oil spill?

Hutch Carpenter asks on Blogging Innovation: Should BP crowdsource potential solutions for the Gulf oil spill? Crowdsourcing has indeed proven its value time and again. In We Think Charles Leadbeater demonstrates its power to harness the collective brains of people across the globe to design strategies to solve problems more effectively and rapidly than formal organization could ever do. In ...

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Seven Successful Open Innovation Practices

Last year I had the opportunity to visit or speak to 24 organizations around the globe, for my research on open innovation practices. These companies included Philips, Kodak, Nokia, Telefonica, Siemens, Xerox and Dupont, but also highly innovative Brazilian firms such as Natura (cosmetics) Embraco (world leader in refrigeration) and Petrobras (one of the largest energy companies in the world) ...

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Innovation at IBM – Open and Global

Anders Quitzau, an Innovation Executive at IBM forwarded an interesting presentation that gives a good overview of the many innovation activities that take place at IBM. How IBM Innovates (PDF) – Anders Quitzau Some keywords are open and global as summed up by this quote by Sam Palmisano (CEO): “We opened up our labs, said to the world, ‘Here are ...

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