BASF to Globally Launch Open Innovation Platform AgroStart to Inspire New Digital Solutions for Agriculture
The AgriBusiness Global website reported that over the next decade, agriculture and the food system will undergo a massive transformation to produce abundant and affordable food for the growing global population on limited arable land. Innovative and breakthrough technologies are needed, and BASF will support this transition by leveraging the potential
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The 12 Disciplines of Consistently Innovative Organizations
The Innovation Excellence website noted that there are certain common disciplines that seem to mark the most consistently – and successfully – innovative companies. The article identified twelve disciplines that businesses – if they are to be consistently successful at innovation and market
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Open Innovation a Must in New Drug Development
The Korea Biomedical Review reported that the Korea Pharmaceutical and Bio-Pharma Manufacturers Association and the Korea Research-based Pharma Industry Association recently held a meeting of the government, pharmaceutical representatives, and experts. “As research and development activities for
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Renault Is ready for Autonomous Future
The Automotive News Europe website reported that Renault says the Symbioz, [its newest experimental model] is a rolling test bed for the company’s newest technology. The technology that a vehicle needs to pilot itself safely on a public road is so complex that no one automaker can do it alone. Renault
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The Five Traits of a Most Innovative Company
The Australian Financial Review website reported a study that showed that open innovation, cross-functional collaboration, customer-centricity, dedicated “innovation time” and managers walking the talk have emerged as hallmarks of the most innovative companies. An increasing number of companies
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Business Models That Put Evolution Before Revolution
The Harvard Business Review noted that business model innovation is hard. But managers make it harder when they think about it only as radical industry reinvention. While revolutionary business model changes can be valuable, you don’t necessarily need to transform your industry. You don’t need
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Open Innovation: Three Examples
The Economist (Namibia) website posted an article which noted that the theory behind open innovation is that the sphere of knowledge and experience within the organization is necessarily limited. Worse, it may be further limited by corporate practices and processes. By tapping into external sources,
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Verizon on Open Innovation
The Verizonwireless website posted an article describing Procter and Gamble’s use of open innovation to come up with new ideas. P&G employed the collaborative model of open innovation by partnering with other businesses. In 2000, then CEO A.J. Lafley proposed a goal to acquire 50 percent
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Can Crowdsourcing Crack Corporate Sustainability?
The Guardian notes that we’ve seen a wave of businesses pioneering new ways of putting into practice the old adage that a problem shared can be a problem halved by tapping into the wisdom of the crowds who populate the online world. The shift has thrown wide open a range of business challenges
Hierarchical Management Bottlenecks Innovation
An article in Forbes argues that the old industrial management model is a thing of the past. Gone are the assembly line days of productive repetition. Value in the modern economy is created by doing something different each time, rather than repeating the successes of the past. The creative act itself