Section » Entrepreneurship
Management Innovation eXchange: An Open Innovation Initiative
In his Wall Street Journal online article “Improving Our Capacity to Manage,” Gary Hamel provides insight into how the Management Innovation eXchange (MIX) was created. He explains: “So a couple of years ago I asked
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Commemorating 20 Years of the Linux Operating System
Below, please find a video which celebrates the 20th anniversary of Linux. Special thanks to the “Dean’s Corner” blog on ScienceBlogs.com for posting. The author, Dr. Jeffrey H. Toney, asks
Workshop: Exploring the Potential for Open Innovation in the EU 2020 Strategy
On May 19, 2011, a consortium led by NIFU-STEP in partnership with the European Commission will organize a one-day workshop on “Exploring the potential for Open Innovation in the EU 2020 Strategy – A comprehensive insight into trends and determinants of innovation performance.”
Bulbstorm: An Idea Sharing Community
The Bulbstorm innovation community was formed around the idea that potential entrepreneurs or thinkers can share ideas with others while protecting their intellectual property. For small businesses, the ability to share and develop ideas on Bulbstorm is free.
ITT Launches “Ideation Challenge” to Help Solve Global Water Issues
ITT Residential & Commercial Water, along with foundation partner ITT Watermark, has launched a $5,000 Ideation Challenge on Innocentive’s website to help address water problems worldwide. Click here for the
Can’t Afford to Innovate? Open up!
Former baseball catcher Yogi Berra liked to observe that “the future isn’t what it used to be.” This has also been a commonly voiced opinion about innovation. It is not hard to see why. The great research and development laboratories of the 20th century have downsized, been broken up,
From Products to Services: How Medellín, Colombia is Overcoming the Commodity Trap
I was just reminded of the importance of thinking of a product business as a service. I am just returning from an event in Medellín, Colombia, along with Ken Morse and Carter Williams, formerly from MIT and Boeing, respectively. There, the three of us discussed innovation, with the goal of helping
Everything You Need to Know About Open Innovation
Open innovation is a concept I originated that falls directly in that gap between business and academe. Conceptually, it is a more distributed, more participatory, more decentralized approach to innovation, based on the observed fact that useful knowledge today is widely distributed, and no company,
IDEO to Launch Non-profit Social Innovation Practice
Palo Alto powerhouse IDEO announced that it would spin off a non-profit arm to handle its social innovation practice. The new organization will aim to work in three different ways: partnering with non-profits to design solutions to problems in the areas of health, agriculture, water and sanitation, financial
How to Evaluate a Joint Venture
Joint ventures—new business entities created through business agreements—offer companies the opportunity to quickly gain access to new markets or technologies. Big companies often rely on partnering up with other companies, especially smaller ones, as a way to innovate by outsourcing their R&D