A Strategic Design Guideline for Open Business Models

A Strategic Design Guideline for Open Business Models

By • on September 8, 2020

The International Journal of Automation Technology posted a study which noted that to realize a competitive product-service system, a manufacturer is required to change its closed business model and develop open and sustainable alliances with external partners. As an alternative business model, an open business model (OBM) is a new concept, replacing

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Why Innovation’s Future Isn’t (Just) Open

Why Innovation’s Future Isn’t (Just) Open

By • on May 18, 2020

The MIT Sloan Management Review noted that innovating with external partners doesn’t always give companies a competitive advantage. It needs to be balanced with internal efforts. Most companies, our research suggests, should rethink their innovation systems and develop portfolios with a balance of

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Bridging Minds And Building Networks

Bridging Minds And Building Networks

By • on October 2, 2018

The Asian Scientist website noted that innovation does not happen overnight—it takes a convergence of talent and resources to pull off, and not every company can afford to carry out research and development (R&D) on its own. This is where open innovation can help businesses improve their productivity

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How Suppliers & Foundries Can Advance Technology Together

How Suppliers & Foundries Can Advance Technology Together

By • on September 13, 2018

The Foundry Planet website noted that by opening their innovation processes to their customers and suppliers as well as to start-ups and research institutes, companies are able to gain faster access to user requirements, expert knowhow and new technologies. In 2016, the management consultancy Staufen

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Nestle: Committed to Working With Start-Ups

Nestle: Committed to Working With Start-Ups

By • on October 11, 2017

The BQLive website quoted Gerardo Mazzeo Global Innovation Director at Nestle: “As the world becomes ever more interconnected, we as companies are beginning to realize the benefits of looking beyond our own walls for new ideas. No longer is innovation limited to the internal R&D team, but we

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How to Find New Ideas Inside and Outside the Company

How to Find New Ideas Inside and Outside the Company

By • on August 15, 2017

The Harvard Business Review website reported on a new study which noted that many companies are encouraging employees to scout for new ideas among external partners, such as universities, research institutes, competitors, and customers. Much research suggests that exposing employees to a broad range

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