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Open Innovation Adoption, Challenges and Firm Performance: Insights from Emerging Markets
The Emerald Publishing website announced a special issue of the journal Management Decision which noted that realizing the potential benefits of adopting open innovation, some companies have already begun the process of engaging with vendors and customers to co-create. It is against this backdrop that this special issue would like to explore the “state
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L’Oreal Arm Set to Bolster Open Innovation
The Star website reported that the L’Oreal Group has established its first investment company in China, a move highlighting China’s open innovation and signaling continued confidence in a market it has operated in for a quarter century. “This open innovation investment demonstrates our commitment
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NASA Expands Crowdsourcing Program
The Washington Technology website reported that in 2020, NASA named 19 companies to the NASA Open Innovation Services 2 contract with a $24.9 million ceiling. The program is used to launch prize competitions through the NASA Tournament Lab, which is part of NASA’s Center of Excellence for Collaborative
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Cooperation and Innovation on the Road to Defeating Childhood Cancer
The St. Jude website noted that this idea of ‘open innovation’ as a progressive business model has grown in prominence during the pandemic. Crises have a way of spurring innovation. That road is long and so many challenges lie ahead. But through open innovation we can solve problems that seem unsolvable.
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Development of Business Models in the Fourth Industrial Revolution
The Journal of Open innovation published an article which noted that ubiquitous digitization, changing competitive intensity, and rapid development of new technologies are shaping the new business landscape, creating new opportunities for consumers and businesses. There is a need to create open business
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Alaian is Born, a Global Alliance for Innovation
TelecomTV reported that six of the world’s leading telcos announced the creation of Alaian, an alliance to connect the open innovation ecosystems of these leading global telcos to reach 50 countries and 700 million customers. The members of Alaian are: Bouygues Telecom, Cellnex, KPN, MTN, Telefónica
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Naver Outlines Global AI Ambitions
Computer Weekly reported that South Korean internet giant Naver has been shoring up its artificial intelligence (AI) capabilities in recent years to counter the dominance of the US and China. Naver, which wants to reach one billion users globally in five years, is applying AI models to deliver good user
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The Corporate Venture Comeback
The Tech Crunch website noted that corporations have come to realize the potential of a more open innovation strategy, where they invest in external startup ideas rather than only experimenting internally. This shift is why many corporates have investment funds specifically dedicated to startups —
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Responsiveness of Open Innovation to COVID-19 pandemic
Doc Wire News posted an article which noted that due to the COVID-19 pandemic, countries around the world are facing one of the most severe health and economic crises of recent history and human society is called to figure out health and economic crises. A multidisciplinary and open approach, enabling
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Jaguar Land Rover Announces Open Innovation Strategy for Next-Generation Vehicles
The Express Mobility website reported that Jaguar Land Rover has launched a new Open Innovation strategy, to accelerate next-generation technology and sustainability to support its Modern Luxury vision for the business, its partners, and customers. Open Innovation will collaborate with start-ups, scale-ups
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