Johnson & Johnson Invests in China for Healthcare Innovation
The China Economic Net website reported that global healthcare giant Johnson & Johnson has vowed to further promote an innovation strategy to support China and the world to fight the pandemic and advance the development of public health. With a number of innovative products, technologies and solutions displayed on-site, the company is showing its
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Open Innovation Initiatives to Tackle COVID-19 Crises
The IEEE Xplore website noted that big data and analytics played an important role for open innovation during the pandemic. Sharing data and transferring knowledge between governments, laboratories and research centers helped us to understand the unpredictable spread of COVID-19. This paper explores
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Evolving a Value Chain to an Open Innovation Ecosystem
The California Management Review posted an article which noted that while open innovation ecosystems allow a firm to harness external sources of value creation, these external ties can also constrain its ability to adapt its innovation strategy to pursue new opportunities. This article looks at how an
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Corporate Innovation and Strategy: Lessons from Silicon Valley
The Digital News Asia website reported that Chris Burry, co-CEO of US Market Access Center, highlights the concept of Open Innovation that is already embedded as a useful innovation strategy especially among large tech players. Dell has its IdeaStorm, a website for its customers to share innovative
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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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A Dynamic Business Model Framework
A post on the Blog of the Garwood Center for Corporate Innovation discussed different types of business models: “Mom and Pop” operations; organizations such as newly entering companies differentiated based on higher performance; companies with good product and process technologies such as
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How Open Innovation Competitions Can Help Solve Problems
The Eco-business website reported that while complex issues cannot be solved overnight, open innovation competitions can bring new technologies and talent together to create new ideas that can change the way we view issues such as food waste. Food waste, which has emerged as a key environmental concern
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Four Essential Steps Towards Open Innovation Success
The Creax website noted that although ‘open innovation’ is the talk of the town in R&D circles, leveraging external sources of innovation remains challenging for most companies. In 2013, researchers Dr. Joel West and Dr. Marcel Bogers suggested a four-phase model for inbound innovation projects.
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Disruptive Growth in the Digital Age
The InformationAge website reported that research indicates that large businesses expect the proportion of their revenues generated by collaboration with entrepreneurs to rise from an average of 9% today, to 20% in five years. This type of open innovation is ‘critical’ to future business performance
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Third Annual World Open Innovation Conference
The Newswise website reported that Henry Chesbrough will host the Third Annual World Open Innovation Conference in Barcelona, at the ESADEFORUM on ESADE’s Pedralbes campus on Dec. 15-16, 2016. At the conference Carlos Moedas, EU Commissioner for Research, Science, and Innovation and one of the WOIC’s
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