Tag Archives: Smartfailing

P&G's Lessons from a Century of Open Innovation

Suffice it to say I was honored my friend Chris Thoen would agree to talk about P&G‘s Open Innovation history at the 3rd Open Innovation (OI) Summit at Baldwin Wallace College‘s Center for Innovation & Growth: Practical Challenges of Global Open Innovation.  Chris has been interviewed, quoted, written about extensively as a leader in OI, including on these pages, and for good reason. ...

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Innovation Best Practice is a Verb not a Noun

One of the central tenets of 20th Century business has been ‘best practices’.   Let’s dissect this veritable oxymoron: Best: highest quality, standing (at a point in time, place and context) Practice: a habit or custom (noun) or to do repeatedly to acquire proficiency Admittedly, and importantly, there are things to learn from others successes and failures.  But, one of the big mistakes companies ...

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