Four Elements of Open Innovation Success

Here are four key elements that are necessary for turning an open innovation strategy into a success: 1. Stakeholder Analysis You must get an overview of your internal and external stakeholders and analyze the pros and cons of the open innovation initiative for these people. Who will be affected by the open innovation intention? What issues bother these people? How can you create a value proposition that will make the stakeholders support the initiative? One approach is to create a stakeholder map that identifies all the various groups that might be impacted by your open innovation initiative, then develop specific value propositions for each group. Don’t forget to focus on informal influencers, that is, people with a disproportionate level of influence. Find these people and win them over to your cause, and it will be easier to build the innovation DNA. 2. Communication Strategy Strong communication programs are important at … Continue reading

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Great Ideas Have the X Factor

My new book ‘Creating innovative Products and Services’ tries to unfuzz the front end of innovation in order to create great ideas: ideas with an X-factor! Everybody knows the television show where a jury is looking for talent with the X factor: “something” that makes for star quality. As innovators we are also in search of ideas with an X factor. But when do our ideas have it? Which criteria should it  meet in order to be of star quality? Generally, an idea is in this early phase not more than a fleeting thought, a word or image whereby we experience a ‘we-have-to-do-something-with-this’ feeling. It is only a rough diamond, like a lot of candidates in the first round of the X factor. And it has still a long way to go. An …

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Innovating Inside or Outside the Core?

Let’s start with ‘What Is The Core?’ by Idris Mootee One interesting dilemma about strategy and innovation is how far we move away from our core and more importantly how do you define the core? What are the core competencies of Gap? Netflix? LVMH? BMW? Hermes? Canon? Nike? Marc Jacob? Blackberry? Samsung? HP? Target? Starbucks? Do they even have anything in common? Do you see core capabilities as distinct capabilities or deeply embedded values? Or special access to buyers or assets? There are hard core competencies and soft core competencies and people need to understand the difference and that they are not mutual exclusive. Core competencies are double-edged sword. How do you define ‘core competence?’ It is currently seen as a unique capability/know-how that provides some type of competitive advantage for an organization and it is not easy for other to replicate. It is not one thing; it corresponds to … Continue reading

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How the Rubber Band Effect Hinders Innovation

You stretch it, you hold and — swish, it just goes back to normal. This is what happens when you play around with a rubber band. You just don’t get anywhere with it. Unfortunately, this is also the situation with many organizations trying to change the corporate culture and further develop their innovation capabilities. I have seen too many cases in which innovation leaders and team members are supposed to be inspired by books, blogs and consultants to change their corporate culture. At first glance, it all makes sense, but the trouble comes along when we move to long-lasting implementation. This is where the rubber band metaphor kicks in. You stretch the mind-set, you try to keep people in this new way of thinking, but bam – daily work routines kick in and you are back to square one. I have reached the conclusion that only two situations can help … Continue reading

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Time for a First Quarter Checkup

Spring has sprung (according to the calendar, anyway) and April is upon us. For those who operate according to the calendar year, that means its time for an end-of-quarter checkup in regards to the strategic plan. More specifically, it means we should begin asking questions like: Are we making progress towards the goal? Is it still visible? What are we doing to stay focused on the most important initiatives? What (if anything) has changed in our markets? How do we need to respond to those changes and by when? Who is responsible for implementing these changes? I know what you’re thinking. “I don’t have time to pause and ask these questions because I’m already running as fast as I can. Why can’t we just let the plan unfold at its own pace?” The simple answer is that in today’s chaotic markets, strategic plans can get off track faster than a … Continue reading

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Stage and Screen Can Co-Exist

L’illuminé enlightens the age of technology from the dawn of industrial revolution by Yann Cramer Yesterday evening I went to an unusual play at the Dejazet theater in Paris. Half of it is on stage, the other half on a giant screen. One actor runs the show, jumping from stage to screen with near perfection. Yet, as he crosses the threshold, subtle transformations in his ability to communicate occur. And when he stands on stage and tries to communicate with the rest of the cast on screen, it becomes obvious that we, the live audience, do understand what he means, while his fellow actors miss at least some of it. From the age of enlightenment, at the dawn of the industrial revolution, L’illuminé envisions a future of all-powerful devices that drive the way people communicate, move, behave and even think. The play itself, an innovative mix of cinema and theater, … Continue reading

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Who should appear on Innovation Excellence?

Dear Blogging Innovation community, A new micro-site is up as a placeholder for the upcoming transformation of Blogging Innovation into an innovation destination and we’re about to enter the home stretch in our quest to build a stronger global innovation community. We’ve posted five short surveys to ask you the innovation community about what you would like to see in the new transformation of this site, and this is our final query to help us make sure that the upcoming Innovation Excellence site will deliver an increase in value for the growing global innovation community. Here are the final questions in the series: Create your free online surveys with SurveyMonkey, the world’s leading questionnaire tool. Thank you for stating your preferences and for contributing to the strengthening of the community! Don’t miss an article (2,500+) – Subscribe to our RSS feed or join us on LinkedIn or Facebook. Braden Kelley … Continue reading

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