6 Ways legacy Companies Can Become Digital Disruptors
The CIO Review website reported that one ways of becoming a digital disruptor is by broadening your innovation channels which can help deliver bigger and better ideas. Take Procter and Gamble. In the early 2000s, P&G made an aggressive shift toward open innovation by amplifying the innovation of internal R&D employees with the efforts of scientists
Comments Off on 6 Ways legacy Companies Can Become Digital Disruptors • Read this story »
More Articles
The Ups and Downs of Open Innovation Efficiency
The University of Greenwich site posted a new study which noted that Open innovation (OI) has become increasingly popular as an enterprise strategy in both industry and academia, and has been adopted, at least in part, by many companies. Despite this popularity, there is a dearth of evaluation of OI
Comments Off on The Ups and Downs of Open Innovation Efficiency • Read this story »
Break Up Your Innovation Program, If You Want It To Survive
Forbes magazine noted that when A.G. Lafley, CEO and Chairman of Proctor and Gamble, introduced P&Gs open innovation Connect+Develop program, he said: “Connecting with the world’s most inspired minds. Developing products that improve consumers’ lives. Our vision is simple. We
Comments Off on Break Up Your Innovation Program, If You Want It To Survive • Read this story »
P&G: Corporate Innovation Needs an Outside Perspective
The Next Web website reported that Procter & Gamble built a program around open innovation that actually highlighted the company’s pain points and/or untapped opportunities in order to leverage outside talent and innovation to solve for them. If P&G is looking to innovate in the oral care space,
Comments Off on P&G: Corporate Innovation Needs an Outside Perspective • Read this story »
The Best of Both In-House and Outsourced Tech Scouting
The IAM website noted that organisations around the world today are scouting technologies outside their walls to find solutions to their innovation problems and to create successful products and solutions. If your aim is to tap the potential of open innovation approach, scouting for ideas outside your
Comments Off on The Best of Both In-House and Outsourced Tech Scouting • Read this story »
Innovation in the Open
An article on the Chemistry World website noted a trend in open innovation: rather than drawing start-ups closer to obtain their intellectual property, some firms are shifting to a more collaborative approach. This strategy foresees collaboration agreements, or business support, and subsequent shared
Comments Off on Innovation in the Open • Read this story »
Crowdsourcing Content Shifts to Open Innovation in Japan
The Campaign website reported that “Open innovation” is the buzzword of the moment in Japan, with a number of large, well-established companies looking to become more agile and bring outside intelligence into their organizations. But while the term may be fashionable, relatively few firms fully
Comments Off on Crowdsourcing Content Shifts to Open Innovation in Japan • Read this story »
Opening Your Innovation Processes
A blog on the Garwood Center for Corporate Innovation website noted that whether you are in a large organization or a small one, chances are you need to open up your innovation processes. But in order to do this effectively, you must connect your business model to your innovation process. Companies
Comments Off on Opening Your Innovation Processes • Read this story »
Let Ideas Float Up and Down the Hierarchy
The Korea Times website noted that stunted growth in large corporations is often a consequence of its hierarchical system. Even when great ideas come up from the lowest of the hierarchical ladder, it is rarely delivered to the very top. Letting ideas flow freely within an organization ― the open innovation
Comments Off on Let Ideas Float Up and Down the Hierarchy • Read this story »
Open Innovation Demands Partnerships, Alliances, Mergers
The UBJ Innovate website reported that Open Innovation has provided important examples of how talent connections produce value greater than either party could achieve alone. One favorite story is that of P&G approaching competitor Clorox to explore transferring unused innovations to Clorox Glad Products.
Comments Off on Open Innovation Demands Partnerships, Alliances, Mergers • Read this story »