Open Innovation: High Hopes and Many Challenges
The ProQuest website posted the abstract and beginning of an article which noted that during recent years different variants of IT-enabled public sector open innovation have been proposed as ways of overcoming the difficulties that public sector organizations face in terms of – on one side – limited capabilities for innovation and – on the
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How Open Innovation Can Sharpen Competitive Edge
The Economic Times website website reported that business innovation, no longer confined to corporate R&D labs, is increasingly the results of collaborative efforts between business partners that interact, exchange knowledge and information and share standards and infrastructure. This shift towards
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A Clarion Call To Innovate
The Asian Scientist Magazine noted that ideas are in abundance if you only know where to look. As companies seek to gain a competitive edge in their respective industries, they are becoming more receptive to ideas that originate externally, embracing the spirit of open innovation to drive growth. Broadcasting
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Igniting Innovation
The Asian Scientist reported that Health Food Matters, a Singapore-based food company, churns out wholesome meals, food products and beverages that provide much-needed nutrition to support a strong, healthy and happy lifestyle for those with special dietary requirements. Health Food Matters places a
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Profile of a Serial Entrepreneur
The BBVA website reported that “BBVA supports entrepreneurs because they are a source of wealth and employment. But we also know that transformation is not a journey that can be undertaken alone. If we are in contact with startups, we learn much more quickly,” said Elena Alfaro, the Head of Data
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Why IBM is Embracing, Expanding Open Hardware Ecosystem
In an article on the WRALTechWire site Ken King, General Manager of OpenPOWER at IBM, said “We see a growing need for hardware designed and optimized to move data quickly between resources. For IBM Power Systems, we believe the key to designing and delivering such hardware is open innovation—up
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Horizontal Open Innovation
An study on the Academy of Management site noted that a key contribution of the open innovation literature is the notion that firms need to access outside sources of ideas and complementary assets. A literature has blossomed that details a variety of open innovation modes. But emergent phenomena, including
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Are New Drug Development Platforms Leading Pharma Innovation?
The European Pharmaceutical Manufacturer site noted that increasingly, the business model for drug discovery and development is predicated on recouping costs barely manageable for first-world, affluent nations. In an effort to combat this trend, various stakeholders in the drug discovery ecosystem have
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Banking on Fintech Collaboration and Partnership
The IT-Online site noted that if banks are to modernize their business models to better serve their customers and meet their high expectations for convenience and value – their operating models must change. It is not only banks’ operating models that are not adequately suited to modern demands. The
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Leveraging Open Innovation to Improve Society
The Wiley On-line Library posted a study from the journal R&D Management which noted that it has become clear that Open Innovation directly improves organizations’ economic performance and resilience, but researchers, practitioners, and policy makers became also convinced that OI might be the
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