Innovation: A New Look
The Global Finance website reported that while copying big tech verbatim doesn’t make sense, there are a number of potential innovation models that large incumbent companies might consider. One strategy is to give up trying to invent in-house, and instead commission research globally. Procter & Gamble moved to an open innovation model, giving
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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
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4 Types of Innovation and the Problems They Solve
The Harvard Business Review website noted that when you have a really tough problem, it often helps to expand skill domains beyond specialists in a single field. That, in essence, is the value of open innovation. Many believe it is just these kinds of unlikely combinations that are key to coming up
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Twelve Principles for Open Innovation 2.0
An article in the journal Nature noted that a new mode of innovation is emerging that blurs the lines between universities, industry, governments and communities. It exploits disruptive technologies — such as cloud computing, the Internet of Things and big data — to solve societal challenges sustainably
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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
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A Well-Oiled R&D Machine
The Science-Business website noted that in the last twelve years businesses have widely adopted such concepts as “corporate venturing”, taking a stake in businesses with promising technology, and “open innovation”, throwing challenges out to the wider world. The European Union’s Joint Research
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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
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Twelve Principles for Open Innovation 2.0
The Nature website, an international weekly journal of science, noted that a new mode of innovation is emerging that blurs the lines between universities, industry, governments and communities. It exploits disruptive technologies to solve societal challenges sustainably and profitably, and more quickly
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Thomson Reuters: 2016 State of Innovation Study
The PRNewswire website reported on the findings of the 2016 State of Innovation Report released by Thomson Reuters, a leading provider of business information. Among the findings of the Report: the phenomenon of “open innovation” whereby corporations, universities, government agencies, and
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Leverage Open Innovation To Expand Capabilities
The Forbes website noted that when Microsoft launched Kinect for the Xbox in 2010, it quickly became the hottest consumer device ever, selling 8 million units in just the first two months. Like Microsoft, many firms today are embracing open innovation to expand capabilities. Cisco outfoxed Lucent not
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