Airbus Announces Big Response to Innovation Call

The Australian Defence Magazine website reported that Airbus has received an ‘overwhelming level of interest’ from the local industry following the launch of a nationwide “Call for Innovation” in February seeking SMEs and academia from the Australian aerospace sector to submit proposals

Comments Off on Airbus Announces Big Response to Innovation Call • Read this story »

Vallourec Opens to New Horizons with its 2021 Open Innovation Challenge

The World Pipelines website reported that Vallourec, a world leader in premium tubular solutions, has launched its 2021 Open Innovation Challenge around additional levers for value creation. Open innovation has been part of the Group’s strategy for decades, since the first VAM connections were developed

Comments Off on Vallourec Opens to New Horizons with its 2021 Open Innovation Challenge • Read this story »

Open Innovation Management in Terms of Dynamic Markets

An article in the journal POLIT noted that introducing the open innovation management concept can qualitatively rebuild the internal systems of the company, improve the efficiency of business activities and help achieve long-term goals. The system of closed innovations represented the rejection of all

Comments Off on Open Innovation Management in Terms of Dynamic Markets • Read this story »

Open Innovation Within Loughview Timber: How Knowledge Transfer Is Opening Doors to New Markets

The ARCOM Proceedings website posted a study which aims to determine the effectiveness of adopting an open innovation model in the context of SMEs. Loughview Timber, a small manufacturer based in Northern Ireland, is used as a case study. It is recommended that Loughview Timber continue to exploit the

Comments Off on Open Innovation Within Loughview Timber: How Knowledge Transfer Is Opening Doors to New Markets • Read this story »

The Economy of Collaboration

The book, The Economy of Collaboration, has a chapter, The Sphere of Innovation, which deals with with collaborative relations in the sphere of innovation. There are different forms of collaborative innovation . ‘Open innovation’ refers to a profit-driven corporate strategy. In contrast ‘free innovation’

Comments Off on The Economy of Collaboration • Read this story »

The book “Sustainable Innovation” discusses  several aspects of the role of open innovation in sustainable development: Open innovation is innovating innovation, so it breaks static equilibrium and brings in new changes. Open innovation pushes firms to deviate from their current routines

Comments Off on • Read this story »

Multicultural Skills in Open Innovation: Relational Leadership Enabling Knowledge Sourcing and Sharing

The Emerald Insight website presented a paper in which the authors argue that multicultural skills and relational leadership act as enablers for open innovation, and thereby examine the process through which teams can utilize multicultural skills to support the development of relational leadership and

Comments Off on Multicultural Skills in Open Innovation: Relational Leadership Enabling Knowledge Sourcing and Sharing • Read this story »

Strategizing of Economic Systems Digital Transformation: A Driver on Innovative Development

The St. Petersburg State Polytechnic University Journal posted an article which noted that the idea of open innovation determines the need for a company to interact with the external environment in order not only to obtain greater efficiency from the ongoing innovation process, but also to have the possibility

Comments Off on Strategizing of Economic Systems Digital Transformation: A Driver on Innovative Development • Read this story »

Open innovation: Human Set-up

Wiley Publishers reported that their new book “Open innovation: Human Set-up”, gives an account of the words and behavior of seven entrepreneurs over several years. The author’s observations allow the reader to understand the perspectives that everyone gives themselves in interactions,

Comments Off on Open innovation: Human Set-up • Read this story »