Transparency: Key to Open Innovation
The R&D website noted that in the past, many organizations used open innovation as a “fix” when their R&D bench hit a roadblock or ran out of time. Increasingly, though, significant players in their industries such as General Electric, Mondelēz International, Johnson Controls and Siemens have incorporated OI as a core process – not just
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GE’s Ecomagination Winners
The BNN website reported that the winners of the final phase of General Electric’s Ecomagination Innovation Challenge are focused on reducing the heat and water used in new Oil Sands projects. Ecomagination is an open innovation challenge, aimed at helping oil sands producers drastically reduce their
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Winners Announced for GE Global Challenge
The CNW website reported that General Electric has announced the three winners in the final phase of its GHG Ecomagination Challenge, with the aim of commercializing technology to reduce environmental impact from production in Canada’s Oil Sands. The final phase identified two winners from the
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Why More Companies Are Embracing Open Innovation
The Fast Company website reported that open innovation didn’t used to be the way the most successful companies did business, but open innovation has emerged as a best practice when it comes innovation. A Harris Interactive survey late last year found 79% of executives believed their companies were
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Open Innovation: Stimulating Regional Economic Development
The Innovation Excellence website noted state and local governments, along with business associations, are feeling increased pressure to find new ways to foster regional growth through innovation. It has become clear that simply providing financial incentives doesn’t solve the real need for faster,
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Ecomagination: Progress in Open Innovation
The GE Sustainability website reported that in 2014 GE’s Open Innovation program Ecomagination launched two open innovation challenges to bring the power of the innovation community together to tackle pressing water and energy challenges. With the addition of these two 2014 challenges, Ecomagination
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Praise the Board, and Pass the Innovation
The Machine Design website noted that there is something grossly deficient in the closed and inflexible way large companies design and develop products. Corporate product development establishments are eerily like medieval monasteries. The lanyard-wearing monks sit in their cubicles, cloistered behind
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Ecomagination Innovation Challenge Winners Tout Collaboration
The GEreports website noted that by inviting anyone, anywhere to submit a proposal, GE’s Ecomagination challenges harness the power of “open innovation,” a collaborative approach to finding new solutions for complex technological problems. Open innovation helps join “global dots” drawing
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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
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Open Innovation in Sports
The Innovation Excellence website reported that he sports industry is looking outside itself for innovations that provide a competitive advantage. Medicine, information technologies and lightweight materials from the space and aviation fields– all are making their contribution to the sporting industry,
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