Open Innovation and the Public Sector
An Op-Ed in the Digital Journal website argued that local and central government bodies should copy some of the large company trendsetters in open innovation. They should specify the results that they want rather than how exactly procured services should work. They should have a separate budget for truly innovative ideas. They need a specific officer
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Open to Innovation
The Financial Express website reported that the Mahindra Group launched India’s biggest innovation prize—the ‘Rise Prize’ which offers $1 million for ideas and innovations involving the ‘Mobility Challenge’, which invites solutions for driverless cars in India, and the Solar Challenge for
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Corporate Open Innovation Platforms
The Clean Technica website noted that in the past few years, a lot of big companies have launched their own open innovation platforms, in order to attract external partners and benefit from collaboration with them. At the same time, open innovation gives excellent opportunities for all participants
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Current State of Open Innovation
The Innovation Excellence website reported on the recent Open Innovation forum in Baltimore, saying that it showed that OI is in a healthy state. While there is nothing truly revolutionary, the picture is one of good solid progression and increasing adoption, with continuing promise for the future.
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Tasks Of A Chief Innovation Officer
An article on the Forbes website focused on external activities to make firms more innovative. The primary external activities to make organizations more innovative include: 1. Communicating idea sourcing needs/challenges to external communities; 2. Creating internal teams, often as part of Open Innovation
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10 Trends for Open and Collaborative Innovation
In an article on the Information Management website, Martin Duval, CEO of bluenove, a consulting firm specialized in Open Innovation, noted that over the last five years, Open Innovation has been evolving quite a lot in the ways it can be defined and implemented. Rather than proposing one more definition
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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.
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Open Innovation at Unilever
Unilever has posted several Open Innovation challenges on their website. They note that they are constantly looking to work with partners with great technical solutions, whether they are individuals, businesses, existing suppliers, universities or NGOs. They will work with anyone who has an idea that
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How Crowdsourcing Impacts Innovation
The Crowdsourcing website notes that the Internet has had a profound influence on innovation practices. Crowdsourcing has tipped the innovation balance from the domination of large corporations towards smaller entities and access to these innovation sources has become an important part of innovation
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An Incredible Open Innovation Example
The oldstlabs blog reports that open innovation encourages companies to acquire outside sources of innovation in order to improve product lines and shorten the time required to bring products to market. In many instances open innovation has become a portal allowing for the flow of these ideas. However
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