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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4 Types of Innovation and the Problems They Solve

4 Types of Innovation and the Problems They Solve

By • on July 11, 2017

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

Twelve Principles for Open Innovation 2.0

By • on April 27, 2017

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

Opening Your Innovation Processes

By • on March 16, 2017

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

A Well-Oiled R&D Machine

By • on February 7, 2017

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

Let Ideas Float Up and Down the Hierarchy

By • on November 17, 2016

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

Twelve Principles for Open Innovation 2.0

By • on June 5, 2016

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

Thomson Reuters: 2016 State of Innovation Study

By • on May 30, 2016

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

Leverage Open Innovation To Expand Capabilities

By • on March 16, 2016

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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Inbound, Outbound Open Innovation

Inbound, Outbound Open Innovation

By • on December 21, 2015

The IPCG website noted the two directions of open innovation. For more than a decade, firms have focused much of their open innovation (OI) efforts on one direction – inbound OI. Few firms employ outbound OI approaches. However, the outbound direction of OI, while arguably less intuitive, offers

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