Old Corporate Champions Can’t Save Japan
The East Asia Forum reported that we now live in a digital world, where the vanguards of innovation are often newer, entrepreneurial and knowledge-intensive companies. It is a world where giants regularly partner with others, including newcomers, in a process called ‘open innovation’. Pfizer’s COVID-19 vaccine was developed by a small German biotechnology
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LG Collaboration with Google, Amazon = New Biz
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
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4 Types of Innovation and the Problems They Solve
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
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
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
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
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
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
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?
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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