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The Best of Both In-House and Outsourced Tech Scouting
The IAM website noted that organisations around the world today are scouting technologies outside their walls to find solutions to their innovation problems and to create successful products and solutions. If your aim is to tap the potential of open innovation approach, scouting for ideas outside your company will play a crucial role. However, this
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5G as an Innovation Platform
The Civil Service World website noted that to become true digital service providers, operators will need to transition from ‘closed’ to ‘open’ innovation models. We began to see the power of open innovation with Apple’s iPhone app store and the emergence of open source software, which both
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Japan looks to open doors to healthcare innovation
The Pharma Letter website reported that there are real signs that Japan is now making a concerted effort to make its healthcare sector a more open and attractive place to invest. The resurgence in global interest is being driven by de-regulation opening-up accelerated approval pathways. Japan could
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Corporate Venturing: How Much Autonomy Will Maximize Impact?
The IESE Insight website website reported on a new study on how companies can best maximize the impact from corporate venturing. Chief innovation officers know that corporate venturing — the collaboration between established firms and innovative startups — can yield strong results. Its
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Innovation Management
A new book, “The Routledge Companion to Innovation Management,” has a chapter on Open Innovation, “A conceptual comparison of open innovation and several similar innovation models”. The chapter discusses collaborative innovation, network-based crowdsourcing, the modes of open
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Future Foods Accelerating Impactful Innovations
The Food Navigator website noted that Future Foods is an ecosystem that aims to make food innovation a key tool to tackle the great challenges of the future: affordable nutrition, world hunger, and sustainability. It promotes education through the Future Food Institute Trust and supports open innovation
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Managing for Ambiguity
The Stanford Social Innovation Review website noted that a recent evolution in in innovation—from a closed model to a more open one—is in the process of becoming more ecosystem-centric. Of note is the trend away from the maximization of corporate value and toward maximization of social value. Current
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6 Ways to Reinvent Your Business Model
The Irish Tech News website noted that in 2019, technology has evolved so much that it’s very much a case of adapt or die for all businesses. If you feel as though yours has fallen by the wayside recently and has failed to keep up with changing markets and consumer tastes, it might be time for a reinvention
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Bank Leumi on Creatively Solving Problems in a New Way
The Jerusalem Post quoted a spokesperson for Bank Leumi who noted that “innovation is a very broad area; innovation in the financial industry stems from both ‘internal innovation’ and ‘open innovation.’ Internal innovation involves changing the banking culture from within and empowering
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Developing New Open Business Models
The Sage Publication website reported on a study which noted that companies can create value by effectively applying and managing open business models. The study used examples from Unilever to show how a firm can combine and integrate its assets, capabilities and skills with those of its partners to
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