How Open Innovation Drives LEGO
The Articstartup website noted that embracing innovation and entrepreneurship not only saved LEGO, but rocketed yearly profit growth to 40% for five years running during the global recession. But it was almost a very different story as innovation spiralled out of control in the 1990s. The complexity within the supply chain, due to new products such
Comments Off on How Open Innovation Drives LEGO • Read this story »
More Articles
Arise Co-Creation Manager
The InnovationExcellence website notes that innovation has become the name of the game for businesses to compete effectively in an increasingly kinetic, globalized and technology-driven marketplace. To ensure a constant supply of new ideas, today’s corporations know that they cannot rely solely
Comments Off on Arise Co-Creation Manager • Read this story »
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,
Comments Off on Open Innovation: Three Examples • Read this story »
Chesbrough on Open Services Innovation
On the customerthink website, Andrea Meyer posted a blog about Henry Chesbrough’s most recent book, Open Services Innovation which describes co-creating with your customers, particularly in services where it’s harder for customers to specify what they want because so much of the experience is
Open Innovation at LEGO
The open-your-innovation blog presents an interview with Eric Hansen, Director of Open Innovation at LEGO in which he addresses the questions of how open innovation is performed at Lego; in what fields does LEGO plan to use open innovation; and what are organizational challenges related to open innovation