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Applying Open Innovation Strategies in Regional Innovation Ecosystems
The Science Direct site posted a study which noted that open innovation strategies in large firms have been changing considerably during the last 15 years. Some multinationals are now taking a long-term, strategic approach to open innovation, thereby actively developing a regionally bounded innovation ecosystem. In the new approach, multinationals actively
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Igniting Innovation
The Innovation Insights site noted that the Health Food Matters program places a strong emphasis on open innovation when launching its range of offerings, often working closely with partners to identify unmet needs. Over the years of operating nursing homes, researchers came across some good advancements
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Three Great Opportunities for Startups in the Entertainment Space
TechCrunch noted that there are a number of examples of areas where disruptive innovators can fix problems that entertainment industry leaders can’t or won’t. We believe that an open model for innovation needs to be part of the conversation around the future of entertainment, and that conversation
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Break Up Your Innovation Program, If You Want It To Survive
Forbes magazine noted that when A.G. Lafley, CEO and Chairman of Proctor and Gamble, introduced P&Gs open innovation Connect+Develop program, he said: “Connecting with the world’s most inspired minds. Developing products that improve consumers’ lives. Our vision is simple. We
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Innovation Among Keys to Success
The Australasian site reported on a survey by Herbert Smith Freehills, a leading law firm, of clients across multiple business sectors about their experience with open innovation. The survey found that it is now the norm for clients to collaborate internally and externally on innovation projects, but
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Digital Transformation: Go For It!
The E3 Magazine website reported that one of the most successful methods for innovative working is open innovation. Companies realized that technology cycles are getting shorter and shorter; and that developing new products and services requires talent and numerous skills not necessary before. According
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Open Innovation in Banking Summit
The Biometric Update website noted that Open Innovation has emerged as one of the most topical subjects in banking today. Open Innovation involves sharing and cooperation between companies. It is set to transform the banking of the future and aims to help the financial sector to fuel innovation through
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Brokering Success: CCRS
The Insurance Age website posted an article on CCRS, a leading independent insurance broker. CCRS managing director Neil Campbell said that the company started in September 2008 and the business has evolved a lot over 10 years. They did a knowledge transfer partnership with Glasgow University’s Adam
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Nestle and Tsinghua X-lab Launch Joint Innovation Challenge
The Yahoo Finance website reported that Nestle Research and Development (R&D) China has announced an open innovation challenge in collaboration with Tsinghua X-lab based in Beijing, China. The challenge is expected to drive impact by leveraging China’s extensive capacity for innovation, while
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Establishing a Typology of Open Innovation Strategies
An article in the Asia Pacific Journal of Management noted that firms use an open innovation strategy to explore external knowledge or exploit internal knowledge to benefit their product/service innovations, and thus enhance their innovation performance. However, a lack of relational mechanisms makes
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