Open Innovation

The Best Innovation Strategy is Searching for Needs

The Booz & Company’s study confirms that following a Need Seekers strategy offers the greatest potential for superior performance in the long term. Fifty percent of respondents who defined their companies as Need Seekers said their companies were effective at both the ideation and conversion stages of innovation compared with just 12 percent of Market Readers and 20 percent of Technology Drivers. These are the same companies, by and large, that consistently outperform financially.

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A Guide to Open Innovation and Crowdsourcing

I'd like to call your attention to a book with writings from several of our contributing authors, a foreword from Henry Chesbrough, and edited by Innovation Excellence contributor Paul Sloane - A Guide to Open Innovation and Crowdsourcing. As a special value added service to the Innovation Excellence readers, inside this post you'll find my chapter as a free sample.

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Open Services Innovation

Innovation has always been a challenging and risky business. These days, it is getting harder and harder for many companies to compete, escaping the forces of commoditization, as manufacturing spreads around the world to lower-cost regions. With the increasing flow of knowledge and information, largely spurred by the proliferation of the Internet and enabled by technology, product life span is shortening.

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Core Competence Management in the Era of Open Innovation

“Core competences” are a major concept in managing innovations and technologies. In the era of Open Innovation, the established concept of core competence management needs to be updated. innovation-3's Frank Mattes recently met with a group of 20 innovation / technology managers from leading firms to work out how this could be done – with the practitioner’s perspective in mind.

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