Section » Innovating Companies
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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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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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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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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Connect and Compete Through Open Innovation
The MDDI website noted that open innovation has become a mainstream practice for most technology-driven companies looking to accelerate time to market and stay ahead of the competition; and added if you are a medical technology manufacturer considering open innovation as a strategy within your innovation
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Companies Adopting Open Innovation Models
The IT Online website reported on a new PwC survey of over 1,200 global executives and business leaders. The aim of the study was to understand how these business leaders view innovation and what they are doing to better reap its rewards. The study found that companies are embracing open innovation models:
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Open Innovation: The Way Forward For The Legal Industry
The Lexology website posted an article in which the legal firm Corrs, Chambers, Westgarth described how it has been able to evolve and refine its delivery of legal services by embracing an open innovation approach to their technological advancements, saying “we strongly believe this strategy is
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Re-Invent Open Innovation to Apply to Small Firms
The Science|Business website noted that finding good examples of open innovation in small companies is difficult. It seems it is not yet common practice and the management tools available to support collaborations have been developed to suit the needs of large companies. As a result, many SMEs are struggling
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Rafael Nadal Academy To Develop 3 Sports Technology Startups
The SportTechie website reported that Rafael Nadal’s tennis academy has announced three winning startups from a competition it held to uncover and support sports technology companies. The competition, supported by Movistar and Telefonica’s “Open Future” initiative announced the winners as iAltituse,
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4 Types of Innovation and the Problems They Solve
The Harvard Business Review website noted that when you have a really tough problem, it often helps to expand skill domains beyond specialists in a single field. That, in essence, is the value of open innovation. Many believe it is just these kinds of unlikely combinations that are key to coming up
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