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Open Innovation a Driver in Business Growth

Open Innovation a Driver in Business Growth

By • on May 25, 2018

The Upstate Business Journal reported that South Carolina company Techtronics Industries (TTI)’s success paints a detailed picture of open innovation’s benefits. The company developed ION (Innovation Outreach Network), an open innovation program targeting three primary audiences: TTI employees, universities, and inventors or other companies

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Open Innovation a Must in New Drug Development

Open Innovation a Must in New Drug Development

By • on May 23, 2018

The Korea Biomedical Review reported that the Korea Pharmaceutical and Bio-Pharma Manufacturers Association and the Korea Research-based Pharma Industry Association recently held a meeting of the government, pharmaceutical representatives, and experts. “As research and development activities for

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Developing a Competency Model for Open innovation

Developing a Competency Model for Open innovation

By • on May 22, 2018

The Emerald Insight website posted a study which which focuses on competency sets for open innovation (OI) and provides recommendations for OI competency development in companies.The authors develop a generic OI competency model applicable across industries, combined with organizational implications

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Open Innovation and External Sources of Innovation.

Open Innovation and External Sources of Innovation.

By • on May 21, 2018

The Journal of Translational Medicine noted that historically, research and development (R&D) in the pharmaceutical sector has predominantly been an in-house activity. In recent years, multiple extrinsic and intrinsic factors induced an opening for external sources of innovation and resulted in

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Corporate Innovation and Strategy: Lessons from Silicon Valley

Corporate Innovation and Strategy: Lessons from Silicon Valley

By • on May 18, 2018

The Digital News Asia website reported that Chris Burry, co-CEO of US Market Access Center, highlights the concept of Open Innovation that is already embedded as a useful innovation strategy especially among large tech players. Dell has its IdeaStorm, a website for its customers to share innovative

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Interview with Samsung CEO Tim Baxter

Interview with Samsung CEO Tim Baxter

By • on May 17, 2018

The Samsung Newsroom website posted an interview by The Economist with Samsung CEO Tim Baxter. The Economist: What is Samsung doing to embrace the idea of “open innovation” without compromising your intellectual property; how do you strike the balance as the CEO? Tim Baxter: Some of that’s going

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Innovation Could Solve Some of our Thorniest Global Problems

Innovation Could Solve Some of our Thorniest Global Problems

By • on May 16, 2018

An article on the Boston Globe website noted that we cannot solve today’s complex multi-dimensional challenges by foreign aid, by public services, or by philanthropy alone. No one actor has all the answers or the monopoly of good ideas. Cross-sector cooperation — working with the public, private

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Aussie Fintech Wins Barclays’ Global Open Innovation Challenge

Aussie Fintech Wins Barclays’ Global Open Innovation Challenge

By • on May 15, 2018

The PR Newswire website reported that Aussie trade financing deep technology startup, Trade Ledger finished ahead of nine other VC-backed companies from across the world to be named the winner of the Barclays UK Ventures Open Innovation Challenge. “Within Barclays UK Ventures, we’re

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Open Innovation in the Food and Beverage Industry

Open Innovation in the Food and Beverage Industry

By • on May 14, 2018

The Science Direct website posted an article which explored current and future trends in strategic external network formation in the food and beverage industry. It noted that Oakland has developed a ten-step guide to help companies navigate the process of establishing strategic external networks for

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The Psychology of Open Innovation

The Psychology of Open Innovation

By • on May 13, 2018

The Science Direct website posted an article which discussed the psychology of open innovation. The psychological aspects, so-called ‘soft factors’ necessary for open innovation are investigated in order to show why the majority of innovation failures are caused by the management problems not by

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