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Managing for Ambiguity

Managing for Ambiguity

By • on February 18, 2019

The Stanford Social Innovation Review website noted that a recent evolution in in innovation—from a closed model to a more open one—is in the process of becoming more ecosystem-centric. Of note is the trend away from the maximization of corporate value and toward maximization of social value.  Current innovation theories favor collaboration between

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6 Ways to Reinvent Your  Business Model

6 Ways to Reinvent Your Business Model

By • on February 15, 2019

The Irish Tech News website noted that in 2019, technology has evolved so much that it’s very much a case of adapt or die for all businesses. If you feel as though yours has fallen by the wayside recently and has failed to keep up with changing markets and consumer tastes, it might be time for a reinvention

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Bank Leumi on Creatively Solving Problems in a New Way

Bank Leumi on Creatively Solving Problems in a New Way

By • on February 14, 2019

The  Jerusalem Post quoted a spokesperson for Bank Leumi who noted that “innovation is a very broad area; innovation in the financial industry stems from both ‘internal innovation’ and ‘open innovation.’ Internal innovation involves changing the banking culture from within and empowering

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Developing New Open Business Models

Developing New Open Business Models

By • on February 11, 2019

The Sage Publication website reported on a study which noted that companies can create value by effectively applying and managing open business models. The study used examples from Unilever to show how a firm can combine and integrate its assets, capabilities and skills with those of its partners to

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Embracing Digital Disruption

Embracing Digital Disruption

By • on February 9, 2019

The Auto Components website noted that open innovation as a concept is not new, but it is rarely prevalent in the automotive industry. With open innovation, problems and challenges of certain kind get opened up to an army of experts from across the globe resulting in multiple solution options that the

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Using Technology, Innovation to Solve Climate Change

Using Technology, Innovation to Solve Climate Change

By • on February 6, 2019

The website The Hill noted that open innovation — prizes and challenges — is one method to build  incentives to tackle the problem of climate change. Open innovation’s breakthrough effect can galvanize others to enter into a space or jumpstart the flow of private capital by serving as a

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Open Innovation Maturity Framework

Open Innovation Maturity Framework

By • on February 5, 2019

The Information Age website reported that the Open Innovation Maturity Framework, developed by researchers and published in the International Journal of Innovation Management, offers another option for formally improving performance and innovation, and moving beyond a compliance-based mindset. This

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HealthTech Innovation

HealthTech Innovation

By • on February 4, 2019

The Newswire website reported that the Accenture HealthTech Innovation Challenge pairs leading-edge startups from around the world with prominent health and life sciences organizations, to develop innovative technology solutions that improve the way people access and manage healthcare. In its third year,

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Monetize or Die

Monetize or Die

By • on February 1, 2019

The RTInsights website noted that in a fast-moving world of open innovation, there is no reason to limit your overall inventive abilities to be proportional to the size of your teams. Building a gateway channel to a smartly envisioned “open platform” approach with Software Development Kits (SDKs)

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Open innovation: A shift to new intellectual property models?

Open innovation: A shift to new intellectual property models?

By • on January 31, 2019

The Lexology website noted that the success of open innovation lies primarily in the notion that sharing knowledge can be profitable. Secondly, a company has to strike a balance between what it can reveal to those involved (suppliers, competitors, specialized third-party companies, the public, etc.)

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