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How to Find New Ideas Inside and Outside the Company
The Harvard Business Review website reported on a new study which noted that many companies are encouraging employees to scout for new ideas among external partners, such as universities, research institutes, competitors, and customers. Much research suggests that exposing employees to a broad range of external partners can lead to more innovation at
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Crowdsourcing Content Shifts to Open Innovation in Japan
The Campaign website reported that “Open innovation” is the buzzword of the moment in Japan, with a number of large, well-established companies looking to become more agile and bring outside intelligence into their organizations. But while the term may be fashionable, relatively few firms fully
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What C-suites Want From Thought Leadership
The Campaign website reported on a comprehensive new study by Forbes and KPMG. One of the key findings was the importance of “smart sharing”: The overabundance of data and the ability to share it across networks provides access to useful and often critical information. These networks extend
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Fazer Seeks to Build Innovation Ecosystem
The FoodIngrediantsFirst website reported that Fazer, a large Finnish food industry company, is working to build an innovation ecosystem in the food industry. “A more open and collaborative innovation approach can produce cross-disciplinary new growth opportunities for the entire food industry.
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Complementing Open Innovation Practices in Multinational Corporations
The Research Platform Alexandria website posted a research paper which argued that open innovation (OI) so far has mainly been understood as a process involving firm external partners. In this paper, we argue that such a focus limits our understanding of how multinational corporations (MNC) profit from
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Using Open Data to Boost Public Sector Innovation
The Diginomica website noted that the clamor for digital transformation means executives in both the public and private sectors are encouraged to use creative methods, such as hackathons and cross-organization partnerships, to foster innovation. The city of Camden recently launched an open data challenge
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Japan Plans to Create Fintech Hub
An article on the Crowdfund Insider website noted that it is fair to say that over the past couple years, Fintech has taken the financial industry by storm; however, Japan has been a bit reluctant. But now, Japan is beginning to show a bit more belief in Fintech. In May 2017, the commissioner of the
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Agritech Challenge Aimed At Inspiring Innovation In Kenya
The AFKInsider website reported that the World Bank and venture capital firm Nest have announced a call for applications for the AgriTech Challenge 2017 in Kenya. The initiative is the first open innovation program of its kind in Kenya, and it is aimed at connecting promising startups and innovators
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Is Open Innovation A Risk Worth Taking?
The Innovation Enterprise website noted that since the term was first coined in 2003 by Henry Chesbrough in his book ‘Open Innovation: The New Imperative,’ many organizations and governments have implemented Open Innovation programs to tremendous success. Open innovation works so well because
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Japanese Chemical Firms to Collaborate
The Rubber News website reported that Japan’s National Institute for Materials Science has joined forces with chemical makers Mitsui Chemical Corp., Sumitomo Chemical Co., Asahi Kasei Corp. and Mitsui Chemicals Inc. to work on a materials open platform. The companies issued a joint statement, saying
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