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Managing for Ambiguity
The Stanford Social Innovation Review website noted that a recent evolution in in innovation—from a closed model to a more open one—is in the process of becoming more ecosystem-centric. Of note is the trend away from the maximization of corporate value and toward maximization of social value. Current innovation theories favor collaboration between
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Bank Leumi on Creatively Solving Problems in a New Way
The Jerusalem Post quoted a spokesperson for Bank Leumi who noted that “innovation is a very broad area; innovation in the financial industry stems from both ‘internal innovation’ and ‘open innovation.’ Internal innovation involves changing the banking culture from within and empowering
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Embracing Digital Disruption
The Auto Components website noted that open innovation as a concept is not new, but it is rarely prevalent in the automotive industry. With open innovation, problems and challenges of certain kind get opened up to an army of experts from across the globe resulting in multiple solution options that the
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Using Technology, Innovation to Solve Climate Change
The website The Hill noted that open innovation — prizes and challenges — is one method to build incentives to tackle the problem of climate change. Open innovation’s breakthrough effect can galvanize others to enter into a space or jumpstart the flow of private capital by serving as a
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Open Innovation Maturity Framework
The Information Age website reported that the Open Innovation Maturity Framework, developed by researchers and published in the International Journal of Innovation Management, offers another option for formally improving performance and innovation, and moving beyond a compliance-based mindset. This
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HealthTech Innovation
The Newswire website reported that the Accenture HealthTech Innovation Challenge pairs leading-edge startups from around the world with prominent health and life sciences organizations, to develop innovative technology solutions that improve the way people access and manage healthcare. In its third year,
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Monetize or Die
The RTInsights website noted that in a fast-moving world of open innovation, there is no reason to limit your overall inventive abilities to be proportional to the size of your teams. Building a gateway channel to a smartly envisioned “open platform” approach with Software Development Kits (SDKs)
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Open innovation: A shift to new intellectual property models?
The Lexology website noted that the success of open innovation lies primarily in the notion that sharing knowledge can be profitable. Secondly, a company has to strike a balance between what it can reveal to those involved (suppliers, competitors, specialized third-party companies, the public, etc.)
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How Johnson & Johnson Works With Startups
The NJ Tech Weekly website reported on a meeting of the Association for Corporate Growth (ACG) New Jersey called “Implementing Open Innovation: Lessons from Leaders”. John Bell, vice president of external innovation for Johnson & Johnson (J&J) Consumer, said that while the multi-billion
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Open Innovation and Innovation Intermediaries in Sub-Saharan Africa
The journal Sustainability p0sted a study which explores the innovation intermediaries’ landscape in sub-Saharan Africa, considering Science Granting Councils (SGCs) as the key intermediaries in the system. The results of the analysis corroborate the need for institutional and systemic changes
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