Using O.I. to Gain First Mover Advantage
The Innovation Excellence website notes that it’s best to see open innovation as a philosophy or a mindset that you can embrace within your organisation, if you start here then you can’t go far wrong but a more formal way to view it is as a method to bring external and internal innovation together. Today we see many examples where companies
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End of the Great-Man Theory of Innovation
The Businessweek site noted that collaborative innovation is the sort of concept that periodically seizes management circles. Most people have heard about it, something to do with mixed teams of insiders and outsiders. What most haven’t got their minds around is that as it moves from phenomenon
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Think local
The Business Standard website noted that to compete with global challengers and crack the middle market, multinationals will need to go through the same intense process of analysis and design they did to develop their current successful business models. In most cases, some degree of business model
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Can Open Innovation Offer an Alternative to Patent Disputes?
The Computer Weekly website notes that it often seems that the real winners in fights over patents are the lawyers and that the struggle to guard innovative developments only leads to added inertia for future innovation. However, perhaps there is light at the end of the tunnel, as an emerging breed of
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Open Innovation Intermediaries: A Look at NineSigma
An article on the Crowdsourcing website notes that if open innovation intermediaries’ most important asset is a large crowd of resourceful problem solvers, then keeping these bright individuals around should be a top priority. Part of that, of course, entails finding interesting and thoughtful challenges
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Philips ‘Innovation Open’ Contest
The crowdsourcing website reports that Philips, the global electronics company, has quietly been practicing open innovation through its ongoing ‘Simply Innovate’ platform. To attract more product-specific ideas, Philips also launched the aptly-named ‘Innovation Open’ contest Comments Off on Philips ‘Innovation Open’ Contest • Read this story »
Spurring Innovation by Bringing the Outside In
The Financial Post notes that hundreds of companies are pursuing open innovation strategies (OI) to kick start creativity and crack difficult R&D problems. Reaping the rewards from OI, however, depends as much on program design and process as it does from getting creative ideas. To improve OI’s
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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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‘Fortress’ Corporate Office is Dead
The businessinsider website posted an article about a presentation by Henry Chesbrough at the World Economic Forum in June in which he argues that the days of corporations hiding behind barbed wire and security guards on suburban campuses are over. Chesbrough said that the unrestricted flow of knowledge
Generating Business Success Through Open Innovation
The Virtual-Strategy website reports that innovation leaders from Philips, Nokia, GlaxoSmithKline, Weyerhaeuser and other leading companies will share challenges and successes in developing open innovation strategies at the European Open Innovation Summit, May 23-24 in Brussels, Belgium. Increased