When Sharing is Caring and Also Profiting: Open innovation
The Sentinel website reported that while the benefits of open innovation are evident – mainly, reducing cost levels of ongoing innovation and enhanced process improvement via collaboration, mergers, spin-offs, accessing new products and markets, and building the knowledge infrastructure, among other pros- equally, there are risks such as conflicts
Comments Off on When Sharing is Caring and Also Profiting: Open innovation • Read this story »
More Articles
What Are The Emerging Models Of Corporate Innovation?
The Forbes Magazine website listed the top models of corporate innovation; open innovation was first on their list. The article went on to describe open innovation. The open innovation model emphasizes collaboration and partnerships with external stakeholders such as customers, suppliers, and even competitors.
Comments Off on What Are The Emerging Models Of Corporate Innovation? • Read this story »
100 Companies From Around the World Named Winners in the 2022 Corporate Startup Stars Awards
The International Chamber of Commerce (ICC) website reported that at the prestigious Corporate Startup Stars awards ceremony in London a position paper on “Gold Standards for the World’s Companies to Incorporate
Comments Off on 100 Companies From Around the World Named Winners in the 2022 Corporate Startup Stars Awards • Read this story »
3 Lessons From Digital Natives to Boost Companies’ Transformation Journeys
The VentureBeat website reported that digital natives take advantage of open innovation to drive better outcomes. According to recent research by the IBM Institute for Business Value, organizations embracing open innovation have a 59% higher rate of revenue growth compared to those that don’t. A culture
Comments Off on 3 Lessons From Digital Natives to Boost Companies’ Transformation Journeys • Read this story »
Transcreating for a Better World
Hotel News reported that the pandemic itself has demonstrated the need for open innovation, as seen in the manufacturing of COVID-19 vaccines, which took place at an unprecedented rate. This was the outcome of open innovation among scientists and nations and collaboration at a global scale. Whether your
Comments Off on Transcreating for a Better World • Read this story »
Hyundai Motor Displays Future Technologies Developed with Startups
Pulse News reported that Hyundai Motor Co. and Kia Corp. held a “2022 Open Innovation Lounge’’ at the headquarters office in Seoul to showcase future mobility technologies developed with the collaboration of domestic and foreign startups. The Open Innovation Lounge is an open innovation product
Comments Off on Hyundai Motor Displays Future Technologies Developed with Startups • Read this story »
Biopharma Innovation Needs to Harness Lessons Learned from Covid-19
An article on the Stat website noted that new technologies and algorithms are making it possible to invest in areas where the best results can be obtained and simultaneously address longstanding imperatives of patient privacy and confidentiality. Individuals and companies in the biopharma ecosystem need
Comments Off on Biopharma Innovation Needs to Harness Lessons Learned from Covid-19 • Read this story »
What Skills for Multi-Partner Open Innovation Projects?
The MDPI website posted an article from the journal Sustainability which noted that Industry 4.0 and the turbulent environment have rendered increasing interest in open innovation that extends from the bilateral transmission of expertise to multilateral platform collaborations. Open innovation ventures
Comments Off on What Skills for Multi-Partner Open Innovation Projects? • Read this story »
L’Oréal Invests in Beauty Tech of the Future
The Consumer Goods Technology website reported that L’Oreal is doubling down on building out tech that could transform the future of beauty. As part of this strategy, it is investing $140 million in a research and innovation center in Clark, New Jersey that will be fully operational by 2024. Sanford
Comments Off on L’Oréal Invests in Beauty Tech of the Future • Read this story »
Bloomingdale’s and FIT launch Sustainable Innovation Fund
The Fashion United website reported that US fashion department store chain Bloomingdale’s has teamed up with the Fashion Institute of Technology to launch the Bloomingdale’s x FIT Sustainable Innovation Fund. It has also announced the launch of its new social purpose platform entitled b the
Comments Off on Bloomingdale’s and FIT launch Sustainable Innovation Fund • Read this story »