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Chinese Lesson Learned From the Collapse of the USSR
The Free News website reported that Zheng Yunnan, Dean of the Institute for contemporary Chinese studies, spoke about Beijing’s main lesson from the collapse of the Soviet Union. The USSR’s tragedy is that it had technical innovations but did not allow market mechanisms to work in the country’s economy, the scientist believes. In his opinion,
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The Influences of Open Communication by Senior Leaders on Effective Open Innovation
The Sage Journals website posted a study of 200 open innovation managers which showed that open internal communication by senior leaders drives higher legitimacy judgments, which in turn drives open innovation success. Further, legitimacy judgments mediate the relationship between open internal communication
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Open Innovation in Drug Development
The Express Pharma website reported that the complexities involved in commercializing any new drug has led pharma companies to adopt a more open, collaborative approach for their research and development processes. There are several advantages to introducing open innovation for the drug creation process.
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Shanghai Encourages Foreign R&D Centers
According to the China Briefing website, Shanghai has a big lead in attracting foreign R&D centers compared to other Chinese cities. 763 regional headquarters of multinational corporations have been set up in Shanghai, as well as 477 foreign R&D centers, one-third of which were set up by Fortune
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Singapore Fintech Festival a Success
The Fintech Times reported that the Singapore Fintech Festival attracted 60,000 participants from over 160 countries. A number of open innovation challenges were reported. The Food Waste National Innovation Challenge was launched by the National Environment Agency to address the sustainable and automated
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DuPont Nutrition & Biosciences Investing in the Future of Food
The Dairy Reporter website reported that DuPont Nutrition & Biosciences is accelerating its open innovation strategy to prepare food and beverage manufacturers for fast-developing trends and change. The short-list of start-up partners for 2021 has already been drawn up. By the middle of next year,
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Electrolux and Partners Wrap Up Sustainability-Focused Year of Innovation
The Market Screener website reported that after a 12-month process, Electrolux has concluded its first sustainability-focused open innovation program with all five partners delivering feasible business solutions to take forward. The open innovation ‘Booster Program’ was launched in 2018 to
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Sustainability of Cluster Organizations as Open Innovation Intermediaries
The MDPI website posted a study whose purpose is to identify the most important open innovation practices used by cluster organizations (COs). The paper introduces the potential sustainability-related implications of open innovation adoption in cluster organizations. The study demonstrates that cluster
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“Corporate Startup Stars” Awarded to Telefonica for its Support of Entrepreneurship through Wayra
The WebWire website reported that for the fifth consecutive year, the “Corporate Startup Stars” awards have been held to recognize companies that stand out for their support of entrepreneurship. Startups around the world are invited to nominate corporations with the most active strategies for open
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Risk-managing the Business Model
The Emerald Insight website posted a paper which aims to address risks inherent in business model innovation. The authors make the case that entrepreneurs and managers, in relying on sources of innovation when designing business models, need to pay heed to these hidden risks – or tripwires – that
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