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 seem to be able to handle 3-4 value pools properly
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Disrupting Your Business Model
The RTOHQ website notes that in general there are three options for a disruptive and visionary game changer: First, develop your own disruptive business model. Second option, you develop further the existing business model in the current industry or in adjacent industries and categories. Third option,
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Openness for Innovation
The Korea Joongang Daily website reported that Chris Anderson, the best-selling author of “The Long Tail” and “Free” visited Korea as CEO of American tech venture 3D Robotics to give tips on creating an open business ecosystem to encourage start-ups. He noted that “As
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The Three Most Innovative Companies of 2013
The Harvard Business Review noted that research shows that business model innovation is the ticket to explosive growth. More than half of the relatively recent companies that made it onto the Fortune 500 before their 25th birthday—including Amazon, Starbucks, and AutoNation—were business model innovators.
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Do Patents Promote Innovation?
An article on the he IPWatchdog website notes that the emergence of mobile computing as a technology platform has been a game changing development in many ways. The ability to be connected anywhere and to have real time information at our finger tips has transformed the way we do business and live
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Open Innovation In Practice
The Edge Online website posted an article which notes that finding new ways to create value for your organization is a constant challenge in an ever-changing business landscape. One approach, open innovation, has been increasingly applied to great effect in high tech and R&D intensive industries.
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Innovation Isn’t About New Products, It’s About Changing Behavior
The fastcompany website posted an article which argues that we are at the tail end of an era that has focused almost entirely on the innovation of products and services, and we are at the beginning of a new era that focuses on the innovation of what may be called “behavioral business models.”
A New Way to Look at Open Innovation
The Business Insider website notes that Open Innovation generated a great deal of irrational exuberance in its early days. But excessive hype rarely matches future success. The exaggerated hype that once attracted a great deal of attention to Open Innovation has been replaced by more sober and realistic
Open Innovation Practitioners Consortium focuses on health and wellness
The Centre for Business Innovation website (UK) reports that the the Open Innovation Practitioners Consortium visited Cambridge in a join venture with NHS Innovation to work on an Open Innovation strategy for health and wellness. The Open Innovation Practitioners Consortium met to apply the principles
Henry Chesbrough and Gary Hamel Talk Innovation Platforms
In the video below posted on the site Innovation Excellence, Henry Chesbrough, originator of the concept of open innovation, discusses products as an innovation platform.