The Innovation Spiral
The Openinnovation.eu website notes that there was a time, not so long ago, when ‘‘innovation’’ meant that companies needed to invest in extensive internal research laboratories, hire the most brilliant people they could find, and then wait patiently for novel products to emerge. Not anymore. Today, innovation must include business models,
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A Spiral Approach to Business Model Innovation
A report on the Ernst & Young website notes that the companies that generate business innovations thrive on collaboration, a free exchange of ideas and regular interactions with customers and other stakeholders. Perhaps most important is that innovative companies do not outsource this function
Are You Ready for Open Innovation?
The Ernst & Young website has an article which presents an audit aimed at helping companies assess their readiness for open innovation and, where necessary, optimize structures and processes. The audit documents the company’s actual situation with regard to specific criteria and endeavors