Section » Entrepreneurship
Cultural Barriers to Achieving Open Innovation
The Business Wire website reported that as corporations seek greater revenues from working with entrepreneurs, large and small businesses are failing to use digital collaboration to innovate together, according to new research by Accenture. As a result, they are putting at risk a $1.5 trillion growth opportunity. The report, “Harnessing the Power
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First Global Contest To Address Energy Needs In Africa
The IT Business website reported on a new campaign that promotes social entrepreneurship and aims to aggregate the world’s best and brightest innovators, technologists, IT professionals, product developers, researchers, entrepreneurs, academics and post-graduate students in a global open innovation
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Fear of Stolen Ideas
The Intrepreneur website noted that many companies have embraced open innovation. These companies are actively seeking out product ideas from inventors. The reason why is simple. At the same time that a company is able to lower its internal Research & Development costs, it magnifies its chances
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Can Japan Act Like Silicon Valley?
The IEEE Spectrum website noted that during the1970s and ‘80s, Japanese electronics manufacturers reigned supreme but were toppled by more nimble Korean and Taiwanese manufacturers, just as the Japanese had previously dethroned U.S. rivals . But whereas the U. S.’s strength in entrepreneurship
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Every Entrepreneur is a Digital Entrepreneur
The ZDNet website reported on a new study by Accernture which said that the rise of digital technologies was paving the way for the emergence of the “digital entrepreneur”, accompanied by a new large-scale open innovation culture, which had the potential to open up 10 million jobs for young
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Entrepreneurs, Job Creation and Open Innovation
The MarketWatch website reported that a new research report from Accenture showed that ninety-one percent of the entrepreneurs who run innovation-centric businesses are more confident of creating jobs than those running firms in which innovation is not considered important (61 percent). Open Innovation
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The Case for Consumer-Centric Innovation
The Entrepreneur website noted that the consumer appetite for new and improved products has largely contributed to the need for more innovation. The increase in product development activity has led to the acceptance of open innovation as a new source of ideas. The practice of open innovation really began
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MIT OI Contest for Students to Find Clean Energy Solutions
The IdeaConnection website reported that the MIT Clean Energy Prize, a US-nationwide open innovation contest for graduate and undergraduate students to find the most innovative clean energy solutions, was awarded to Picasolar, a student start-up from the University of Arkansas who’ve developed
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Fortune 500 Companies Seek StartUp Mojo
The Forbes website posted an article which noted that in 2013, corporations worked to create closer relationships with startups in order to spark technological innovation. It seemed that many companies fully embraced the idea of open innovation, which advocates innovating with partners. To do that,
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Open Innovation and Corporate Entrepreneurship
The ESADE Business School in Barcelona has announced a program on Open Innovation and Corporate Entrepreneurship. Creating new markets, embracing new business models, and identifying new customer segments within existing business units is a major challenge. Companies that don’t innovate will
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