Open Innovation: Improving Your Capability, Deal Flow, Cost and Speed with a Corporate Venturing Ecosystem
The IESI Business School released a new report on how corporations can boost their capabilities and efficiency collaborating with startup entrepreneurs in a highly volatile market. The report, Open Innovation: Improving Your Capability, Deal Flow, Cost and Speed with a Corporate Venturing Ecosystem, sheds light on what companies such as Disney, Samsung
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Four Skills For Successful Open Innovation
The Asian Scientist website reported that rather than depend solely on its own strengths and resources to innovate, organizations are beginning to realize the benefits of partnering with external collaborators for success, practicing open innovation (OI). This strategy has become something of a gold
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Interview with Samsung CEO Tim Baxter
The Samsung Newsroom website posted an interview by The Economist with Samsung CEO Tim Baxter. The Economist: What is Samsung doing to embrace the idea of “open innovation” without compromising your intellectual property; how do you strike the balance as the CEO? Tim Baxter: Some of that’s going
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Open Innovation: Solutions for R & D Pipelines
The Accenture website noted that many companies are embracing the concept of open innovation, but few are doing so in strategic ways. Our research found that when large corporations work with external parties to augment their internal R&D, they use four basic modes of open innovation: a traditional
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European Companies Engage with Startups to Innovate
The Betanews website noted that a new report by Samsung, “The Open Economy,” showed that businesses are changing the way they’re innovating and are focusing on bringing in and collaborating with young and inspiring start-ups. Almost all European corporations surveyed (97 percent) have carefully
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Dynamics from Open Innovation to Evolutionary Change
The Journal of Open Innovation published a study which the authors summarized as follows: “We created conceptual models that people may use to analyze and forecast the dynamic effects of open innovation, which we applied to the smartphone sector using a model-based analysis approach. In addition,
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Fighting for Innovation Attention
The Innovation Excellence website reported that Apple, Lego, Philips, Samsung, IBM, GSK and, recently, Tata Steel, among many others – all have adopted open innovation initiatives to expand their organizations’ horizons. Open innovation allows you to break down more traditional corporate walls and
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How to Make Open Innovation Work
The Managing Intellectual Property website reported on four recent reports which address the current state of Open Innovation and how OI is being used. The four reports are “The Future is Open” (Thompson Reuters) which looks at how companies such as Samsung and Toyota have embraced OI; “Innovation
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Thomson Reuters Analysis Shows Trend for Global Innovation
The Sys-Con Media website reported on a study by Thomson Reuters which showed that businesses are embracing Open Innovation. Across virtually every industry studied, the trend toward open innovation, whereby companies partner with academic institutions, individual researchers and other companies (in
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Crowdsourcing or Open Innovation?
The Entrepreneur website notes that inventors need a platform that they can trust — where they know their ideas and innovative thoughts will not be stolen. In certain online environments individuals and organizations can collaborate for mutually beneficial solutions. Open innovation and crowdsourcing
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