Old Corporate Champions Can’t Save Japan

Old Corporate Champions Can’t Save Japan

By • on May 31, 2021

The East Asia Forum reported that we now live in a digital world, where the vanguards of innovation are often newer, entrepreneurial and knowledge-intensive companies. It is a world where giants regularly partner with others, including newcomers, in a process called ‘open innovation’. Pfizer’s COVID-19 vaccine was developed by a small German biotechnology

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The United States of Amazon and Its Flywheel Economy

The United States of Amazon and Its Flywheel Economy

By • on July 27, 2020

The BBN Times website noted that Tech Giants include Apple Facebook, and Google … but Amazon’s unique flywheel makes it the torchbearer. AWS alone is on track to be worth $1 trillion. The Amazon flywheel fuels a circular, data-driven ecosystem that’s bolstered by Open Innovation. Amazon

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Building an Ecosystem of Partners

Building an Ecosystem of Partners

By • on March 31, 2019

The Engineer website posted a article which noted that a successful future means integrating with partners in a collaborative ecosystem. Industrial businesses understand this and we have seen more and more collaboration with new partners, including start-ups. But the results often disappoint. A better

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LG Collaboration with Google, Amazon = New Biz

LG Collaboration with Google, Amazon = New Biz

By • on September 19, 2018

The Investor website reported that LG Electronics, a passionate advocate of artificial intelligence, believes open cooperation with top AI players like Google and Amazon will help the device manufacturer gather data better and make it a strong AI player. LG is accelerating its transformation from a

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Corporate Innovation & Business Strategies Out of Sync

Corporate Innovation & Business Strategies Out of Sync

By • on July 5, 2017

The Consultancy website reported that a new study has found that business strategy and innovation strategy are often not aligned, creating risks of lost revenue, market position and waste. The report highlights a wide range of effort may be required to create a company friendly to innovation. Open innovation

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How Amazon Turned Their Services into a Platform

How Amazon Turned Their Services into a Platform

By • on May 25, 2017

The Garwood Center for Corporate Innovation website posted an article which noted that it is not safe to rely on only excellent service to sustain your competitive advantage as a services provider because competitors will learn from you. A more robust approach is to turn your service into a platform

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Open Innovation: 2 approaches towards value creation

Open Innovation: 2 approaches towards value creation

By • on November 23, 2016

The Imaginatik website noted that Open Innovation is designed to engage folks “out in the world” in a way that adds value to everyone involved. There are two approaches to do so: 1. Exploit OI as a challenge – engaging with folks “out there” of relevance to your operations “within your organizational

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Platforms – Key to the Digital Enterprise

Platforms – Key to the Digital Enterprise

By • on August 7, 2016

The ITProPortal website noted that in the days before shared cloud infrastructures, enterprises sought permanence in everything they did. Now, they seek how best to effectively complete a project or an iteration of a product or service, and move on to the next one. Being unencumbered with legacy hardware

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Twelve Principles for Open Innovation 2.0

Twelve Principles for Open Innovation 2.0

By • on June 5, 2016

The Nature website, an international weekly journal of science, noted that a new mode of innovation is emerging that blurs the lines between universities, industry, governments and communities. It exploits disruptive technologies to solve societal challenges sustainably and profitably, and more quickly

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Innovate or Die

Innovate or Die

By • on September 8, 2014

The BBC website noted that with centers around the world employing thousands of researchers and engineers serving all of General Electric’s divisions, you might think the company had innovation covered. But Todd Alhart Todd Alhart of GE Global Research says: “We have a tremendous amount of

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