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Creating an Open Innovation Ecosystem
The Irish Times reports that firms that engage in innovation are three times as successful as those that do not, according to a new report from InterTradeIreland. It also found that firms are seeking to create competitive advantage by finding ways to increase the efficiency and effectiveness of their innovation processes. Part of the solution to
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Open Innovation Challenges
The AllAfrica website posted an article noting that open innovation has been gathering force in recent years, however, there are also challenges and risks involved in making open innovation work. There are four key challenges when implementing open innovation. 1. The mindset challenge: how do you ensure
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Open Innovation and the Theory of the (Innovative) Firm
The Social Science Research Network published a paper by Teppo Felin and Tod Zenger which discusses open innovation from the perspective of problem-solving and the theory of the firm. Open, distributed and user innovation, crowdsourcing, peer-based systems, innovation prizes, and various new forms
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Moving to True Open Innovation
The innovationmanagement website notes that almost any firm claims to do Open Innovation. However, if you look closely, most of the firms do not do true Open Innovation – they are merely running a multitude of open approaches to innovation. This article explains the fundamental differences between
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Postdoctoral Student Research Position
The Garwood Center for Corporate Innovation at the Haas School of Business, UC Berkeley, announced an opening for a Postdoctoral Student Researcher for AY 2013-14, starting July 1, 2013. The postdoctoral position is open only to those that have completed their PhD but have not accepted a tenure-track
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Open Innovation and Getting Things Right
In an article on his website Clayton Christensen noted that when researching and writing about open innovation, scholars need to be very careful with their definition of what open innovation is and how they use it. The benefits of using a precise and specific definition for open innovation is that
Coke to adopt more open innovation style
The marketingmag website reports that Coca-Cola is stepping away from a closed, protective approach to innovation in favor of open methods such as crowdsourcing and co-creation for its new product development programs. The company’s global director of innovation, Anthony Newstead, revealed initiatives
A Spiral Approach to Business Model Innovation
A report on the Ernst & Young website notes that the companies that generate business innovations thrive on collaboration, a free exchange of ideas and regular interactions with customers and other stakeholders. Perhaps most important is that innovative companies do not outsource this function
Realizing the Value of Open Innovation
The biginnovationcentre website reports that Open Innovation is expanding the innovation potential of organizations by opening them up to new ways of working with external partners. Whether this manifests itself as new co-working agreements, acquisition of start-ups with interesting technologies,
Profiting from Innovation by Aligning Product Architecture with IP
The Harvard Business School Working Knowledge website posted a paper which points out that firms increasingly practice open innovation, license technology out and in, outsource development and production, and enable users and downstream firms to innovate on their products. However, while such distributed