How to Tackle Innovation in Pharma Head On
The Pharmaceutical Manufacturer website reported that the pharma industry is pushing forward on product innovation faster than ever before. The development of new, innovative drug formulations implies a new challenge for the supply chain, in particular pharma packaging manufacturers. To keep up the pace of innovation, packaging companies are required
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Establishing a Typology of Open Innovation Strategies
An article in the Asia Pacific Journal of Management noted that firms use an open innovation strategy to explore external knowledge or exploit internal knowledge to benefit their product/service innovations, and thus enhance their innovation performance. However, a lack of relational mechanisms makes
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Open Innovation Using Open Source Tools
The Springer website posted an article, “Open innovation using open source tools: A a case study at Sony Mobile,” which noted that despite growing interest of Open Innovation (OI) in Software Engineering (SE), little is known about what triggers software organizations to adopt it and how
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Open Innovation in the Product Space
The Economic Times of India noted that the open innovation or mass innovation trend is moving ahead. You can now have a rudimentary prototype of your product and people will offer free suggestions, thereby, mass innovating a product. There are three main reasons why open innovation is the way forward–
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