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Unlocking a Hotel Innovation Strategy

Unlocking a Hotel Innovation Strategy

By • on March 7, 2017

The Hotelier website reported on the use of open innovation in sparking innovation in the hospitality industry. There is a leading group of hospitality firms that not only keep up with the pace of innovation but are able to innovate the very way they provide customers with enhanced experiences. They do this by opening the innovation process to users

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Open Science and Open Innovation

Open Science and Open Innovation

By • on March 6, 2017

The Papers.SSRN website posted a study by Markus Perkmann and Joel West which investigated how firms work with universities in the course of their innovation activities. The study gave an overview of three main modes of direct interaction between firms and universities: IP licensing, research services

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Evaluating Your Business Model

Evaluating Your Business Model

By • on March 2, 2017

A new post on the Blog of the Garwood Center for Corporate Innovation noted that large companies tend to consider new products and services through the lens of their current business model.  For projects that align well with the current business model, this works well.  Venture Capitalists do not have

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Open Innovation: Lighter-Weight Trains

Open Innovation: Lighter-Weight Trains

By • on February 28, 2017

The Siemans website reported that radical new approaches to the development of rolling stock are extremely rare. Christian Karner and Radovan Seifried of Siemens, together with Prof. Christian Moser of Graz University, have succeeded in developing a new chassis frame that weighs half as much as the standard

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How Is the Internet Doing?

How Is the Internet Doing?

By • on February 25, 2017

The Forbes website posted an article reporting on the Mozilla Foundation’s release of the Internet Health Report, a forty-pages document giving a broad evaluation of the Internet’s condition. The report found that “open innovation on the Internet is threatened by bad policies, the devaluation

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Higher R&D Not the Answer

Higher R&D Not the Answer

By • on February 23, 2017

An article on TheWire website noted that while much has been made of intellectual property rights in recent times, open innovation models could actually be India’s best way forward to an inclusive innovation culture. Open innovation requires a completely different perspective on regulating the relationship

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How TomTom Opened Up for Innovation

How TomTom Opened Up for Innovation

By • on February 21, 2017

The MIS-Asia website reported that TomTom Telematics has built an ecosystem of third-party developers, delivering additional features to customers across a range of industries. A few years ago, TomTom made a conscious decision to open up its platform in order to broaden its capabilities. “We decided

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Success to Innovation

Success to Innovation

By • on February 20, 2017

A blog on the Garwood Center for Corporate Innovation website noted that although the current open innovation being practiced still weeds out false positives, it also enables the recovery of false negatives, that is, projects that initially seem almost worthless, but turn out to be surprisingly valuable.

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Chesbrough: “An Exciting Time for OI in the Energy Sector”

Chesbrough: “An Exciting Time for OI in the Energy Sector”

By • on February 16, 2017

The InnoEnergy website posted an interview with Henry Chesbrough, “the father of open innovation,” in which he discussed how open innovation applies to the energy industry.  While the energy industry in general has a conservative and monopolistic culture,  Prof. Chesbrough argues that the

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Influence of Industry on the Implementation of OI Practices

Influence of Industry on the Implementation of OI Practices

By • on February 14, 2017

The Doria.fi website posted a study which is an analysis of Open Innovation (OI) at the level of industry. The purpose of the study is to analyze interdependencies between the type of industry and implementation of OI practices and make a coherent review of industries showing differences in implementation

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