The Role of Information Technology in Enabling Open Innovation

The Role of Information Technology in Enabling Open Innovation

By • on April 26, 2016

The Cirano website reported that the role of information technology in the innovation process has been extensively studied in the literature, and it has been found that IT, in general, has significant contributing role in this process. However, there is scant literature on the influence of IT on open innovation specifically and how IT can support this

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Turning Your Innovative Ideas Into Business

Turning Your Innovative Ideas Into Business

By • on April 22, 2016

The MalayMailOnline website noted that Steve Blank said when he elaborates the difference between Business Plan and Business Models, “no business plan survives first contact with the customer.” While business planning is about making assumptions and hypotheses, a business model is designing and

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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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Tips on Open Innovation Pacts

Tips on Open Innovation Pacts

By • on April 19, 2016

The LiveMint website reported that while many representatives from small high-tech firms express eagerness to take advantage of collaborations large companies to meet important goals like gaining new insights and experiences that could help them grow, leaders from many of the small high-tech firms acknowledge

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Revolutionizing Innovation with Communities & Open Innovation

Revolutionizing Innovation with Communities & Open Innovation

By • on April 17, 2016

The Topcoder website noted that most are not looking to open innovation and user communities as a way to revolutionize how they approach innovation and speed-up execution for their organization. Not just for a one-off low risk project, but rather how an organization fundamentally shifts their approach

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The ‘Active Innovation Paradigm’

The ‘Active Innovation Paradigm’

By • on April 13, 2016

The Journal of Innovation and Entrepreneurship published an article which discussed the evolution of innovation models, concluding with Open Innovation in the 2000’s. Currently, the predominant thinking is that innovation is the result of multiple relationships of different entities and organizations

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Full Lifecycle Innovation

Full Lifecycle Innovation

By • on April 10, 2016

An article on the NTTI website proposed four phases of “full life cycle innovation”. The first phase is Open Innovation: Open Innovation embraces practices of widely distributed knowledge, extensive outside collaboration and partnerships, and the sharing of risk and reward beyond the corporate

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