Open Innovation: 2 approaches towards value creation
The Imaginatik website noted that Open Innovation is designed to engage folks “out in the world” in a way that adds value to everyone involved. There are two approaches to do so: 1. Exploit OI as a challenge – engaging with folks “out there” of relevance to your operations “within your organizational walls.” This uses OI as one of multiple
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The Missing Link in Open Innovation
An article on the LinkedIn website noted that the open innovation movement is in full swing, and companies everywhere are turning to external sources for new product ideas. But, with open innovation now the standard business model, how can your company truly gain a competitive advantage? More specifically,
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Dialing Up the Volume on Strategic Innovation
The Bloomberg website noted that as generations-old business models are upended by innovations in retail, financial services, bookselling, and a host of other industries, companies must continually adjust their strategic positioning to edge out rivals. But senior executives often find it difficult
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Arise Co-Creation Manager
The InnovationExcellence website notes that innovation has become the name of the game for businesses to compete effectively in an increasingly kinetic, globalized and technology-driven marketplace. To ensure a constant supply of new ideas, today’s corporations know that they cannot rely solely
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Accessing Discoveries to Launch Revolutionary Products
The Exchanges website notes that every day we hear about companies breaking through to the next level of the business world with new products and services. But how do companies access the technologies and discoveries to bring the world revolutionary products? Companies have embraced open innovation
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Choosing the Right Approach to an Open Innovation Strategy
The Smart Blog on Leadership website notes that open innovation is a business strategy to advance technology by fusing external ideas and products with internal research and development. It is a way for businesses to minimize costs and create products more efficiently. However, choosing the right
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Open Innovation with Henry Chesbrough
The IEDC Bled School of Management website announced that Henry Chesbrough will be the featured speaker at the at the Annual President’s Forum at IEDC in Bled, Slovenia on Oct. 19. The site says that if there is one thing we have learned in the last few years it is that open innovation is the
The Ins And Outs Of Open Innovation
An article on the Forbes website argues that there is some confusion regarding open innovation, or at least there is a need to cast a wider net around what open innovation is all about. To understand why open innovation has become so popular over the past few decades, it helps to remember what
How IP Enables And Protects Open Innovation Platforms
An article on the Forbes website argues that companies need to rethink their approach to R&D. Closed systems no longer allow the type of development—nor the realization of its benefits—required in today’s marketplace. Rather, R&D should be focused on promoting open innovation-based platforms
Managing the Uncertainty of Open Innovation
The Huffington Post notes that one of the hottest topics in business management today is open innovation. Through the collaborative relationship of open innovation, companies are able to leverage new ideas and products, and conduct experiments at lower risk levels. The article goes on to describe Proctor