Section » Innovating Companies
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 with breakthroughs. In fact, a study analyzing 17.9
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The Collaborative Nature Of Healthcare Innovation
The Forbes website noted that in healthcare, technologies as diverse as robotics and the Internet of Things, big data and machine learning are having as big an impact as bioinformatics and biology. Belgian pharmaceutical company UCB is an interesting example of a company attempting to stay on top. Open
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Nokia: Wide Open to Co-creation
The Nokia Networks blog noted that today, R&D resources are not sufficient to answer all customer demand and master new emerging technologies. Collaboration with third parties is mainly done on demand and only a very small part of the ecosystem capabilities is leveraged. Looking forward, we are convinced
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Mattel Embraces Open Innovation
The Inc. website noted that toy industry leaders have largely practiced a limited form of open innovation by relying on intermediaries and maintaining a guarded attitude toward outsiders. However, that’s changing. Mattel teamed up with ABC to launch The Toy box, a reality television show in which
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Corporate Innovation & Business Strategies Out of Sync
The Consultancy website reported that a new study has found that business strategy and innovation strategy are often not aligned, creating risks of lost revenue, market position and waste. The report highlights a wide range of effort may be required to create a company friendly to innovation. Open innovation
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Open Innovation in Outdoor and Sports Industries.
The ISPO website reported on how open innovation works in the outdoor and sports industries. Customers can provide valuable ideas as partners in the innovation process. Those planning such a complex crowdsourcing process will have it easier if they’re familiar with examples, best cases. Bergans, Clim8,
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Nokia’s Open Innovation Challenge
The Euroinvestor website reported that Nokia has launched an Open Innovation Challenge, focusing on the Internet of Things for smart cities, mobility, safety and security, and connected industries. “Co-innovating in an open ecosystem with start-ups and large tech companies in a healthy balance
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Open Innovation Challenge: Next Big Thing for Corn
The KTIC website reported that the National Corn Growers Association (NCGA), along with innovation facilitator NineSigma, has announced the launch of a global competition to identify new and innovative uses for field corn. “Many industries are adopting an open innovation approach because of its success
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Report on 3rd Annual WOIC
The Spring 2017 Newsletter of the Garwood Center for Corporate Innovation reported on the 3rd Annual World Open Innovation Conference (WOIC) held at the ESADE Business School in Barcelona, Spain December 15 – 16, 2016. The WOIC created an international platform for academics and industry practitioners
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Reducing Food Waste through Open Innovation
The Rockefeller Foundation website reported on a new open innovation challenge: At OpenIDEO, we believe that collaboration fosters innovation. When faced with the world’s most pressing challenges, we’ve been awed by the power of working together rather than in silos. And our aspiration to use open
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