Openness for Innovation

Openness for Innovation

By • on April 1, 2014

The  Korea Joongang Daily website reported that Chris Anderson, the best-selling author of  “The Long Tail” and “Free” visited Korea as CEO of American tech venture 3D Robotics to give tips on creating an open business ecosystem to encourage start-ups. He noted that “As the market becomes more complex, no one company

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How To Reinvent Your Business Model

How To Reinvent Your Business Model

By • on March 29, 2014

The Forbes website posted an article which stresses the importance of reinventing your business model. The article quotes Alex Osterwalder: “Every organization has a business model, but it’s relatively new that people need to make it explicit. It used to be that in one industry, you’d have

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Smarter Ways to Bridge the Innovation Gap

Smarter Ways to Bridge the Innovation Gap

By • on September 24, 2013

The Irish Times posted an article which noted that innovation is an essential element for business development and success, but many innovations fail. The key reasons for such failures, according to Prof Oliver Gassmann – a  leader in the area of open innovation – include overengineering, poor

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Open Innovation: New Opportunities in Food Manufacturing

Open Innovation: New Opportunities in Food Manufacturing

By • on May 30, 2013

The Food Manufacturing website noted that open innovation (OI) is the systematic inclusion of parties outside your four walls and outside your existing networks. Companies practice open innovation because they want to reduce the time it takes to get to market, avoid getting trapped by their own thinking,

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If You Can’t Win, Change the Game

If You Can’t Win, Change the Game

By • on April 30, 2013

The Memphis Daily News published an article noting that in today’s dynamic world it is imperative for companies to continually realize growth through a sustainable competitive advantage. The trouble is that every innovation is just one new innovation away from becoming obsolete. How do proactive

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Do Patents Promote Innovation?

Do Patents Promote Innovation?

By • on April 12, 2013

An article on the he IPWatchdog website notes that the emergence of mobile computing as a technology platform has been a game changing development in many ways.  The ability to be connected anywhere and to have real time information at our finger tips has transformed the way we do business and live

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Talking #Open Innovation with Prof. Henry Chesbrough

Talking #Open Innovation with Prof. Henry Chesbrough

By • on February 16, 2013

The IntelligentHQ website posted an interview with Henry  Chesbrough. Chesbrough has written extensively on the topic of open innovation, a term that he coined in his award-winning book Open Innovation: The New Imperative for Creating and Profiting from Technology . More recently, Chesbrough has turned

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Why Many Innovation Initiatives Fail

Why Many Innovation Initiatives Fail

By • on November 30, 2012

The Innovationexcellence website posted an article which asks the question, wouldn’t it be great if you could do customer service like Zappos? Or design like Apple? Or innovation like 3M? Who wouldn’t want to be like those firms? Well, it’s not so simple. The entire Zappos business model is built

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Should customers be closed out of Open Innovation?

Should customers be closed out of Open Innovation?

By • on August 16, 2012

An article on the MRTplus website notes that Open Innovation is a tool that often implores you to engage stakeholders from all channels, customers very much included, as sources of breakthrough product ideas.  There are many case studies and examples of how customer portal websites and other “crowdsource”

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Innovation Isn’t About New Products, It’s About Changing Behavior

Innovation Isn’t About New Products, It’s About Changing Behavior

By • on August 2, 2012

The fastcompany website posted an article which argues that we are at the tail end of an era that has focused almost entirely on the innovation of products and services, and we are at the beginning of a new era that focuses on the innovation of what may be called “behavioral business models.”

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