LG Collaboration with Google, Amazon = New Biz

LG Collaboration with Google, Amazon = New Biz

By • on September 19, 2018

The Investor website reported that LG Electronics, a passionate advocate of artificial intelligence, believes open cooperation with top AI players like Google and Amazon will help the device manufacturer gather data better and make it a strong AI player. LG is accelerating its transformation from a traditional home appliance manufacturer to an AI and

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4 Types of Innovation and the Problems They Solve

4 Types of Innovation and the Problems They Solve

By • on July 11, 2017

The Harvard Business Review website noted that when you have a really tough problem, it often helps to expand skill domains beyond specialists in a single field. That, in essence, is the value of open innovation.  Many believe it is just these kinds of unlikely combinations that are key to coming up

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Corporate Innovation & Business Strategies Out of Sync

Corporate Innovation & Business Strategies Out of Sync

By • on July 5, 2017

The Consultancy website reported that a new study has found that business strategy and innovation strategy are often not aligned, creating risks of lost revenue, market position and waste. The report highlights a wide range of effort may be required to create a company friendly to innovation. Open innovation

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Open Innovation: 2 approaches towards value creation

Open Innovation: 2 approaches towards value creation

By • on November 23, 2016

The Imaginatik website noted that Open Innovation is designed to engage folks “out in the world” in a way that adds value to everyone involved. There are two approaches to do so: 1. Exploit OI as a challenge – engaging with folks “out there” of relevance to your operations “within your organizational

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The Changing Shape Of The Modern Workplace

The Changing Shape Of The Modern Workplace

By • on August 31, 2016

An article on the Forbes website noted attempts to make workplaces more innovative. Many have focused around the open innovation methodology of creating touch-points whereby employees can mingle, collaborate and innovate with people from outside their organization. There are instances of this form of

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Platforms – Key to the Digital Enterprise

Platforms – Key to the Digital Enterprise

By • on August 7, 2016

The ITProPortal website noted that in the days before shared cloud infrastructures, enterprises sought permanence in everything they did. Now, they seek how best to effectively complete a project or an iteration of a product or service, and move on to the next one. Being unencumbered with legacy hardware

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Asian Firms Must Embrace Open Innovation to Remain Competative

Asian Firms Must Embrace Open Innovation to Remain Competative

By • on July 13, 2016

The ZDNet website reported that the key message delegates took away from the Red Hat Summit held recently in San Francisco was that businesses in Asia should embrace the “open source way of innovating” to gain agility and speed, and ensure they are delivering services that their customers

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Small is Smart for this Village

Small is Smart for this Village

By • on June 30, 2016

A blog on the Garwood Center for Corporate Innovation at the U. of California Berkeley website reported that Mori, a small village in India is to turn ‘smart’ in December, using digital tools, real time information and uninterrupted internet connectivity. The Innovation Society of the local government

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Could Open Innovation Make Your Ambitions Take Flight?

Could Open Innovation Make Your Ambitions Take Flight?

By • on April 21, 2016

The TechCityNews website reported that open approaches to innovation have a long track record of success. Open challenges have been used to achieve ambitions as diverse as preserving food, the first non-stop flight from New York to Paris, and cleaning up the Exxon Valdez oil spill. Often the solution

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15 Examples of Open Innovation between Big Companies & Startups

15 Examples of Open Innovation between Big Companies & Startups

By • on August 22, 2014

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

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