Category: Open Innovation
Although there are simple and cost effective ways to jumpstart your efforts – for example, leveraging a company like InnoCentive to host prize-based challenges in order to rapidly find solutions to your most pressing problems – leading organizations that wish to truly embrace open innovation and crowdsourcing do so through careful planning. Continue reading
In our hyper-competitive, always-connected world, organizations are increasingly becoming focused on improving both their speed to market and their revenue per headcount. In this environment, more senior leaders every day are seeing innovation as the primary way to gain competitive advantage and to simultaneously increase revenue and cut costs. At the same time, organizations are struggling to find ways to accelerate their pace of innovation without escalating their costs faster than their budgets will allow. Continue reading
It is interesting to see how open innovation has brought a different kind of competition to market leading companies. It is the fight for innovation partners and the strongest innovation ecosystems. Continue reading
Through the collaborative relationship of open innovation, companies are able to leverage new ideas and products, and conduct experiments at lower risk levels. However, open innovation does bring up some concerns, like who owns rights to the intellectual property (IP). Continue reading
The paper dives into why having an external talent strategy is becoming increasingly important and how it can help your company accelerate innovation, shows how leading organizations manage their open innovation and crowdsourcing efforts (including case study examples of companies like P&G), and provides proven strategies and steps to take for attracting talent to your organization’s innovation efforts. Continue reading
The Innovation Network Corporation of Japan (INCJ) was launched in 2009 as a public-private partnership between the Japanese government and major corporations. INCJ makes investments aimed at fostering “flow of technology and expertise beyond the boundaries of existing organisational structures”—be they start-up companies, medium-sized enterprises or large, established firms—and at building an ecosystem of innovation. Continue reading
