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Innovation Among Keys to Success
The Australasian site reported on a survey by Herbert Smith Freehills, a leading law firm, of clients across multiple business sectors about their experience with open innovation. The survey found that it is now the norm for clients to collaborate internally and externally on innovation projects, but that trust is a key issue, especially in the use
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Digital Transformation: Go For It!
The E3 Magazine website reported that one of the most successful methods for innovative working is open innovation. Companies realized that technology cycles are getting shorter and shorter; and that developing new products and services requires talent and numerous skills not necessary before. According
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Open Innovation in Banking Summit
The Biometric Update website noted that Open Innovation has emerged as one of the most topical subjects in banking today. Open Innovation involves sharing and cooperation between companies. It is set to transform the banking of the future and aims to help the financial sector to fuel innovation through
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Brokering Success: CCRS
The Insurance Age website posted an article on CCRS, a leading independent insurance broker. CCRS managing director Neil Campbell said that the company started in September 2008 and the business has evolved a lot over 10 years. They did a knowledge transfer partnership with Glasgow University’s Adam
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Nestle and Tsinghua X-lab Launch Joint Innovation Challenge
The Yahoo Finance website reported that Nestle Research and Development (R&D) China has announced an open innovation challenge in collaboration with Tsinghua X-lab based in Beijing, China. The challenge is expected to drive impact by leveraging China’s extensive capacity for innovation, while
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Establishing a Typology of Open Innovation Strategies
An article in the Asia Pacific Journal of Management noted that firms use an open innovation strategy to explore external knowledge or exploit internal knowledge to benefit their product/service innovations, and thus enhance their innovation performance. However, a lack of relational mechanisms makes
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Open for Growth? Evidence on EU countries
The European Commission’s Joint Research Centre published a report which noted that the Open Innovation concept has pervaded the academic and policy debate, due to its potential to further stimulate the circulation of knowledge across business partners and institutions and, consequently, to increase
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Using Open Innovation and Big Data to Fight Antimicrobial Resistance
The Gov UK website reported that Public Health England has been awarded £5.1 million by the Department of Health and Social Care to create the most advanced dataset globally on antimicrobial resistance. These funds will enable the creation of an virtual ‘open access’ center, which will gather real-time
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Open Innovation: Past, Present and Future Trends
The Emerald Insight website posted an article which studied how the literature on open innovation has evolved over the course of time. Based on cluster and factorial analyses, it is possible to identify and classify several theoretical perspectives on open innovation across six areas: the concept of
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Growing Adoption of Open Innovation Models in Pharmaceutical and Biotechnology Companies
The GlobalNewswire website noted that a new study has been released reporting that the growing adoption of open innovation models in pharmaceutical and biotechnology companies and increasing pharmaceutical outsourcing are the key factors driving the growth of the protein stability analysis market. The
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