Catalyzing Innovation
The Liebertpub website published a case study of the journey that Coca-Cola, Ford, H.J. Heinz, Nike, and Procter & Gamble took in the formation and operation of the Plant PET Technology Collaborative (PTC). The technical complexity, investments required, and risks in advancing 100% bio-polyethylene terephthalate (PET) technology provided fertile
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Award-Winning Article on Open Innovation
The Business and Leadership website reported that an article, ‘Creating Employee Networks That Deliver Open Innovation’ has won the Richard Beckhard Memorial Prize awarded by the Massachusetts Institute of Technology (MIT) Sloan Technology Review for the ‘most outstanding’ article published
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The Open Innovation Business Model
The Innovation Excellence website noted that accomplishing sustainable, breakthrough innovations within multinational corporations is attainable using open innovation and innovation hubs. Open innovation blends a firm’s internal assets with the seemingly limitless knowledge pool outside of the
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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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Why Many Innovation Initiatives Fail
The Innovationexcellence website posted an article which asks the question, wouldn’t it be great if you could do customer service like Zappos? Or design like Apple? Or innovation like 3M? Who wouldn’t want to be like those firms? Well, it’s not so simple. The entire Zappos business model is built
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Verizon on Open Innovation
The Verizonwireless website posted an article describing Procter and Gamble’s use of open innovation to come up with new ideas. P&G employed the collaborative model of open innovation by partnering with other businesses. In 2000, then CEO A.J. Lafley proposed a goal to acquire 50 percent
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Big companies Look to Open Innovation
The Financial Times reports that Unilever, the Anglo-Dutch conglomerate, is trawling the outside world for help in producing an environmentally friendly detergent and sugar-reduced drinks. The move is part of a growing global trend for open innovation
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Business Model Innovation: Path to Greatness
Forbes magazine posted an interview with Scott Anthony, managing director at innovation consulting firm Innosight, who discusses how large corporations are becoming more and more entrepreneurial andthe variety of forces driving this shift. More and more companies recognize that they can’t hold a
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Open Innovation: From Beginnings to Today
The ECNmag website notes that one of the most dramatic corporate shifts we have seen over the last decade is on the innovation front. It is not a coincidence that at the same time our innovation model was beginning to change, the Internet and emergence of social media were enabling society as a whole
A Marketplace of Innovation
The smartplanet website posted an interview with Dwayne Spradlin, CEO of Innocentive, an open innovation company whose 267,000-solver network has tackled more than 1,200 challenges already, finding answers for commercial, government and nonprofit organizations. In the interview Spradlin discusses the