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Scholars Explore OI and Crowdsourcing
The Working Knowledge website noted that whether it’s called crowdsourcing or open innovation, the growth of methods for yoking together groups of experts in various fields to work on vexing problems or groundbreaking ideas has become one of the hottest areas of academic research. The interest was fully on display at the 12th Open and User Innovation
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German Companies Slow to Take Up Open Innovation
The PlasticsToday website reported that the bottom line in many studies of open innovation is that, while there are distinct benefits to be gained from external knowledge sourcing, there has to be an internal infrastructure present in the company for this knowledge to be put to effective use. Internal
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Keeping Secrets Holds Back Innovation
The website Insead asked the question, why are some firms more able to transform knowledge sourced externally into innovative outputs? It goes on to say open innovation is not just a matter of getting the right contacts. To get the most out of their open innovation strategy firms must start by creating
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Entrepreneurs, Job Creation and Open Innovation
The MarketWatch website reported that a new research report from Accenture showed that ninety-one percent of the entrepreneurs who run innovation-centric businesses are more confident of creating jobs than those running firms in which innovation is not considered important (61 percent). Open Innovation
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How Open Innovation Can Unlock the Door to Success
The Yorkshire Post reported that Leeds University Business School recently ran a major research project which brought together academics and businesses from across Europe to look at open innovation. The study saw industrial giants including Bayer MaterialScience, Deutsche Telekom, Siemens, Intel and
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Garwood’s 1st Annual World Open Innovation Conference
The Garwood Center for Corporate Innovation at the University of California at Berkeley announced that the 1st Annual World Open Innovation Conference will be held Dec. 3-5, 2014 at the Silverado Resort & Spa, Napa, Ca. It will be hosted by Open Innovation thought leaders Henry Chesbrough, Frank
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Measuring Open Innovation
The Crowdsourcing website noted that open innovation is difficult to quantify. While we can assign numerical values to some aspects of open innovation, it’s much more difficult to quantify the overall effect of open innovation on a company. A new paper evaluated the research done on open innovation.
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Open Innovation Research
Violeta’s Blog website noted that due to it’s applicability, open innovation is being rapidly integrated within the business world, but it is also drawing interest in scientific circles, which are applying systematic research to fill in the gaps in understanding, behavior, and nature of
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Attracting Top Contributors
Bloomberg News noted that Henry Chesbrough’s classic 2003 HBR article on the merits of open innovation began, “Not all smart people work for you.” Firms must find a way to tap into external knowledge and ideas to innovate. Today, this premise is the basis for crowdsourcing, crowdfunding, open
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A Social Brain Is a Smarter Brain
Bloomberg News reported that open innovation projects always present cognitive challenges, but they also force new, boundary-spanning human interactions and fresh perspective-taking. They require people to reach out to other people, and thus foster social interaction. Two recent studies underscore
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