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From Closed to Open Systems: How the US Military Services Pursue Innovation
The Taylor and Francis Online website posted an article which noted that the return to strategic competition affects the US military services differently, but all are contending with the challenge of renewing their military advantage against near-peer, technologically advanced competitors. Commercially driven innovation trends simultaneously challenge
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Launch of the Open Innovation Challenge: Greenhouses
The Yahoo Finance website reported that Cycle Momentum and Hydro-Québec launched of the Open Innovation Challenge: Greenhouses as part of Écotech Québec’s Green Economy Week. The Challenge was created to promote the development and integration of technologies designed for optimal environmental
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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
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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
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The Effects of Business Model Innovation of Internet Finance Enterprises on Competitive Advantages
The E3S Web of Conferences website posted a study which noted that business model innovation refers to a means to implement innovation strategy serving as a kind of innovation activity following technological and managerial innovation. In the internet era, driven by the unprecedented development of digital
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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
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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
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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’
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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
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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
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