Open Innovation in Packaging
An article on the Packaging Digest website noted that the idea of open innovation (OI) is becoming more mainstream, but the ways in which OI is implemented continue to evolve. Companies that once resisted seeking technology solutions outside of their four walls often look to OI partners to help figure out the best way to reach targeted technical communities
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IP: Gaining from Open Innovation
The Middle Market Center website notes that open innovation applies the principles of free trade to innovation, advancing new ideas through the use of tools such as partnerships, joint ventures, licensing, and strategic alliances. By collaborating with outsiders — including customers, vendors, and
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How to Build an Innovation Roadmap
On the CleanTech website Denys Resnick, Executive Vice-President of NineSigma noted that Open Innovation (OI) is the process of reaching beyond your team, company or industry for technologies, solutions, and ideas/knowledge available through global solution provider networks. Companies that successfully
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Open Innovation Research
Violeta’s Blog website noted that due to it’s applicability, open innovation is being rapidly integrated within the business world, but it is also drawing interest in scientific circles, which are applying systematic research to fill in the gaps in understanding, behavior, and nature of
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How Crowdsourcing Impacts Innovation
The Crowdsourcing website notes that the Internet has had a profound influence on innovation practices. Crowdsourcing has tipped the innovation balance from the domination of large corporations towards smaller entities and access to these innovation sources has become an important part of innovation
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Open Innovation Can Help Companies Achieve Success
The HiVelocity website notes that an innovative technology or business one day may be obsolete the next, and that’s one reason why large companies across the world are embracing open innovation. According to Henry Chesbrough, Director of the Center for Open Innovation at the University of California
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Innovation Lessons from an Old-Time Enterprise
The Forbes website notes that the old conglomerate Philips’ recent successes are an important milestone for the open innovation movement because OI has given Philips renewed zest. Its share price has been on the rise over the past year and the market is receptive to its new partnerships and more
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What Is the Benefit of an Open Innovation Process?
In this slideshow on the Slideshare.net website, Jose Briones notes that Open Innovation is now a very fashionable term and many companies are rushing to implement an open innovation process without fully understanding its value nor how it fits within their existing product development process. The
Open Innovation: Manufacturers’ Idea Factories
Thie article on ThomasNet News reports that many manufacturers are taking advantage of open innovation to develop new products and grow revenues. For example, Hallmark Cards partnered with Cleveland-based NineSigma, an OI service provider, to develop a line of technology-enabled greeting cards for its