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Financial Services Firms Need to Collaborate

Financial Services Firms Need to Collaborate

By • on September 2, 2016

The Business Times website reported that S. Iswaran, Minister for Trade and Industry in Singapore, spoke to a financial services conference about the growing importance of open innovation. Explaining why this model of innovation has begun to take hold, he said: “Innovation is inherently risky, and the nature of the challenge is complex. And yet

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The Five Traits of a Most Innovative Company

The Five Traits of a Most Innovative Company

By • on September 1, 2016

The Australian Financial Review website reported a study that showed that open innovation, cross-functional collaboration, customer-centricity, dedicated “innovation time” and managers walking the talk have emerged as hallmarks of the most innovative companies. An increasing number of companies

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Small Investment in Innovation

Small Investment in Innovation

By • on August 20, 2016

The PRNewswire website reported on a new study which showed that while the C-Suite values innovation and recognizes it as integral for the success of the organization, few companies are organized to intentionally drive innovation and allocate resources and investments in order to accelerate the creation

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Team Characteristics Beneficial for Open Innovation Projects

Team Characteristics Beneficial for Open Innovation Projects

By • on August 18, 2016

The University of Turku website posted a study which discusses the importance of creating Open Innovation (OI) teams for optimizing costs of Research and Development (R&D), dividing risks and maximizing profits. The purpose of this study is to determine team characteristics beneficial for successful

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Network Analysis of Open Innovation

Network Analysis of Open Innovation

By • on August 9, 2016

The Sustainability Journal website published a study of open innovation which noted that the way people innovate and create new ideas and bring them to the market is undergoing a fundamental change from closed innovation to open innovation. Why and how do firms perform open innovation? Firms’ open

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Hands-Off Approach to Open Innovation Doesn’t Work

Hands-Off Approach to Open Innovation Doesn’t Work

By • on July 28, 2016

A study reported in the Harvard Business Review examined 200 innovation collaborations between big firms and tech startups which identified a major split in the way senior leadership at the large firms handled collaboration. On one side, senior leaders took a very hands-off approach. They didn’t exert

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Smartness that Matters: Cities

Smartness that Matters: Cities

By • on July 7, 2016

The Journal of Open Innovation website posted an article which presented a comprehensive review of how smart cities are perceived in the literature and in the light of these findings propose a clearer definition. An overview of the key terms, concepts and definitions associated to smart cities, reported

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Berkeley-Stanford Food Innovation & Design Symposium

Berkeley-Stanford Food Innovation & Design Symposium

By • on July 3, 2016

The Berkeley-Haas website reported on the inaugural  Berkeley-Stanford Food Innovation & Design Symposium held at UC Berkeley on May 26. The gathering brought together entrepreneurs, scientists, investors and academics to share the latest on food innovation, science, design, and technology. The

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Relational Capital and Open Innovation

Relational Capital and Open Innovation

By • on June 23, 2016

The Elsiver website posted an academic study which noted that open innovations are increasingly more often mentioned in the context of innovations and effective means of their development. They refer to precious ideas, which may come from the organization’s environment, or are developed in the

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Smart Cities, Smart Villages & Interconnectivity

Smart Cities, Smart Villages & Interconnectivity

By • on June 21, 2016

The website of the Garwood Center for Corporate Innovation noted a session on Smart Cities that was held recently in Santa Clara, Cal. In the spirit of Open Innovation, each panelist discussed how technology copes with issues accompanying urbanization to provide services and a better quality of life

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