6 Ways legacy Companies Can Become Digital Disruptors

6 Ways legacy Companies Can Become Digital Disruptors

By • on February 6, 2020

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

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P&G: Corporate Innovation Needs an Outside Perspective

P&G: Corporate Innovation Needs an Outside Perspective

By • on June 11, 2019

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,

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How to Find New Ideas Inside and Outside the Company

How to Find New Ideas Inside and Outside the Company

By • on August 15, 2017

The Harvard Business Review website reported on a new study which noted that many companies are encouraging employees to scout for new ideas among external partners, such as universities, research institutes, competitors, and customers. Much research suggests that exposing employees to a broad range

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What is Stopping Open Innovation?

What is Stopping Open Innovation?

By • on July 17, 2016

The destination-innovation website noted that open Innovation has come of age.  It has become a mainstream activity in most leading companies. It is now established as corporate best practice with many successes. However, there are still large swathes of businesses which remain untouched by the Open

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How Anyone Can Turn Into A Creative Genius

How Anyone Can Turn Into A Creative Genius

By • on May 6, 2015

The Huntington Post noted that many corporations are using  open innovation to get new product ideas or find solutions to problems. Procter & Gamble is one of the most experienced and long-term leaders of crowdsourcing. In 2001, it launched a platform called “Connect + Develop.” This

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What is Impeding Open Innovation?

What is Impeding Open Innovation?

By • on March 21, 2015

The Innovation Excellence website noted that large companies are using Open Innovation to find agile partners who will help them to grow by co-developing innovative new products. Small companies are using OI to partner with companies that can take them to places and markets that would otherwise be out

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Keeping Secrets Holds Back Innovation

Keeping Secrets Holds Back Innovation

By • on August 11, 2014

The website Insead asked the question, why are some firms more able to transform knowledge sourced externally into innovative outputs? It goes on to say open innovation is not just a matter of getting the right contacts. To get the most out of their open innovation strategy firms must start by creating

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Success With Open Innovation Portals

Success With Open Innovation Portals

By • on April 23, 2014

The Idea Connection website noted that the high costs associated with R&D functions, the equally high risk of failure and uncertain economic conditions has led to an increase in the adoption of open innovation methods. They include technology scouting, partnerships, knowledge brokering, idea contests

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Smarter Ways to Bridge the Innovation Gap

Smarter Ways to Bridge the Innovation Gap

By • on September 24, 2013

The Irish Times posted an article which noted that innovation is an essential element for business development and success, but many innovations fail. The key reasons for such failures, according to Prof Oliver Gassmann – a  leader in the area of open innovation – include overengineering, poor

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The New Open Innovation Landscape

The New Open Innovation Landscape

By • on September 23, 2013

The ISPIM Magazine notes that any complex corporation works with a multitude of third parties to develop better products and services. Members of your supply chain, customers, and academia are just three key groups you may consider as normal partners in innovation. Increasing the scale of your external

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