3 Lessons From Digital Natives to Boost Companies’ Transformation Journeys
The VentureBeat website reported that digital natives take advantage of open innovation to drive better outcomes. According to recent research by the IBM Institute for Business Value, organizations embracing open innovation have a 59% higher rate of revenue growth compared to those that don’t. A culture steeped in innovation enables increased collaboration
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Hyundai Group’s Innovation Conclave Offers Glimpse into Promising Future Tech from Start-ups
The Autocar Professional reported that on Nov.22 the Hyundai Motor Group held the ‘2021 Open Innovation Lounge for demonstrations of new technologies with promising domestic and foreign start-ups at the Hyundai Motor/Kia headquarters. The Open Innovation Lounge is Hyundai Motor Group’s open
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Seven Myths and Missteps of Innovation Culture
The Sifted website noted that open innovation offers great potential, especially with the scale which modern technology and workforce engagement platforms offer. But the mantra that ‘everyone has a role to play in innovation’ is perhaps overly simplistic. Deloitte’s Catherine Wallwork cautions
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Effect of Transformational Leadership on Open Innovation Through Innovation Culture
The Taylor & Francis Online website posted a study which designed a framework to describe how leadership interplays with the innovation culture and the firm’s absorptive capacity to enhance open innovation. The results show that transformational leadership positively impacts the outbound open innovation
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Inculcating an ‘Innovation by Design’ Culture in Organizations
The People Matters website posted an article which noted that organizations have realized that innovation does not only happen within an organization. Many times, it needs an external partner who can help inspire, discover or define opportunities i.e. through “open innovation,” i.e. by interacting
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Banking on Fintech Collaboration and Partnership
The IT-Online site noted that if banks are to modernize their business models to better serve their customers and meet their high expectations for convenience and value – their operating models must change. It is not only banks’ operating models that are not adequately suited to modern demands. The
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5G as an Innovation Platform
The Civil Service World website noted that to become true digital service providers, operators will need to transition from ‘closed’ to ‘open’ innovation models. We began to see the power of open innovation with Apple’s iPhone app store and the emergence of open source software, which both
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Time to Light a Fire: Building a Culture of Innovation
The Industry Week website posted an article which stated “Think outside your company’s walls. As R&D continues to grow within the private sector, companies will be better suited by opening doors to outside expertise. Open-source coding is revolutionizing the software industry; similarly,
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Mark Samuels on Open Innovation in Pharma
The Pharma Times Online website posted an interview with Mark Samuels, chief business and strategy officer of the new Medicines Discovery Catapult, on the role of open innovation in big pharma: “I think collaborative research is increasingly important. Benefits of open innovation include access
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Partnership Creates an Open Innovation Culture
The Drum website reported that Publicis Communications will aim to scale its client offering through a new partnership with the innovation hub Plexal. Guy Wieynk of Publicis said,“We want to be able to work with more startups as it was clear that there was no way that companies were able to answer
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