A New Approach to New Products
A feature article on the Wall Street Journal website noted that using a concept known as open innovation, companies are learning how to quickly harvest loads of ideas for new products from business partners, suppliers, consumers and their own employees outside of their R&D staffs. At the same time, they’re shrinking the time needed to create prototypes
Comments Off on A New Approach to New Products • Read this story »
More Articles
Jumpstarting the U.S. Economy
The Harvard Business Review website noted that most low-performing research-intensive U.S. firms are merely “sleepwalking” through their R&D investment decisions, simply maintaining their existing R&D initiatives, unwilling to incur greater risk. New investment decisions should place
Comments Off on Jumpstarting the U.S. Economy • Read this story »
15 Examples of Open Innovation between Big Companies & Startups
The Innovation Excellence website notes that big companies like GE, Cisco or Microsoft tend to have 8-10 different value pools (think suppliers, startups, customers or universities) to consider for their open innovation efforts. The challenge is that even companies that are good at open innovation only
Comments Off on 15 Examples of Open Innovation between Big Companies & Startups • Read this story »
GE: The Future of Manufacturing
The TechRepublic website reported that General Electric has launched FirstBuild, a “microfactory” and open community for students, engineers, and innovators on the University of Louisville campus in Louisville, Kentucky. The company wants to create a new business model for the manufacturing
Comments Off on GE: The Future of Manufacturing • Read this story »
GE, Local Motors Partner New Model for Manufacturing
The Wall Street Journal website reported that GE has formed a partnership with Local Motors, the open-source hardware innovator, to launch a new model for the manufacturing industry. The partnership will pair co-creation and micromanufacturing to build and commercialize the next evolution of various
Comments Off on GE, Local Motors Partner New Model for Manufacturing • Read this story »