What is Stopping Open Innovation?
The destination-innovation website noted that open Innovation has come of age. It has become a mainstream activity in most leading companies. It is now established as corporate best practice with many successes. However, there are still large swathes of businesses which remain untouched by the Open Innovation initiative. They refuse to join the bandwagon.
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Leverage Open Innovation To Expand Capabilities
The Forbes website noted that when Microsoft launched Kinect for the Xbox in 2010, it quickly became the hottest consumer device ever, selling 8 million units in just the first two months. Like Microsoft, many firms today are embracing open innovation to expand capabilities. Cisco outfoxed Lucent not
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What is Impeding Open Innovation?
The Innovation Excellence website noted that large companies are using Open Innovation to find agile partners who will help them to grow by co-developing innovative new products. Small companies are using OI to partner with companies that can take them to places and markets that would otherwise be out
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Making Open Innovation Stick
The Business2Community website noted that the publication, in 2003, of Henry Chesbrough’s book “Open Innovation” spawned a movement that has since swept across the industrial landscape and changed forever how companies think about innovation. The ideas were not new. In some cases they date
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Dialing Up the Volume on Strategic Innovation
The Bloomberg website noted that as generations-old business models are upended by innovations in retail, financial services, bookselling, and a host of other industries, companies must continually adjust their strategic positioning to edge out rivals. But senior executives often find it difficult
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Four Innovation Methodologies
An article on the Innovation Excellence website outlined and described four evolving innovation methodologies. Closed innovation–R&D departments work in strict isolation to develop new products and new processes with the objective of developing a competitive advantage. Collaborative innovation–companies
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Open Innovation: Getting Started
An article by Nicholas Bry on the Innovation Excellence website outlined and described a number of different open innovation processes: acceleration programs and innovation hubs; crowdsourcing and ideas contests; co-creation platforms; and codevelopments and hackathons. The article then went on to discuss
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Multinational Food Company Launches New Challenge
The Web Innovations site reported that a multinational food company with operations in South Africa has launched a new challenge on the Open Innovation Solution Exchange, a platform hosted by The Innovation Hub, in Pretoria. The food company is looking for a solution to optimize the decoloration of
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Accessing Discoveries to Launch Revolutionary Products
The Exchanges website notes that every day we hear about companies breaking through to the next level of the business world with new products and services. But how do companies access the technologies and discoveries to bring the world revolutionary products? Companies have embraced open innovation
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Open Innovation 2.0
ISPM Magazine published an article which says that the EU Open Innovation Strategy and Policy group (OISPG)–which unites industrial groups, academia and private users to support policies for Open Innovation at the European Commission–seems to be witnessing a new level of open innovation
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