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Co-innovation: the concept, its benefits, and why you need to embrace it

hackerearth

Traditionally, many organizations used their own knowledge monopoly to innovate and deliver dominant technologies and products to the market. However, businesses soon understood that innovation cannot take place in a vacuum and it requires different points of view, diverse skill sets, and collaboration. What is co-innovation?

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Choosing your direction of travel

Paul Hobcraft

I felt that warm and fuzzy feeling, as I read all too often those comforting words or platitudes of how “innovation is vital to us” and one of the “highest areas of focus.” The thinking through on the contribution around innovation needs to be changed. Struggling with legacy and old models. We need to engage differently.

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Fostering Innovation with Technological Solutions – Part 1

Wazoku

The follow up to this thought piece will dive into the growing market of innovation management solutions and who to watch out for. It is certainly possible to use one of the growing dedicated Innovation Management software solutions in an Open Innovation or Crowdsourcing approach to drive engagement.

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What is innovation management and why your organization needs it

hackerearth

Innovation can be incremental, radical, architectural, modular, etc. In incremental innovation, a company improves or upgrades existing product, process, or service. In radical innovation, a company replaces its existing business model with an entirely new one. Google and 3M are good examples of this model.

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What is innovation management and why your organization needs it

hackerearth

Innovation can be incremental, radical, architectural, modular, etc. In incremental innovation, a company improves or upgrades existing product, process, or service. In radical innovation, a company replaces its existing business model with an entirely new one. Google and 3M are good examples of this model.

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Why do innovation programs fail

hackerearth

There are at least 10 different types of corporate innovation programs that can be leveraged. Open innovation, internal and external accelerators etc. One can focus on tapping innovation internally, another can capitalize on external innovation through accelerators, incubators, acquisitions, etc.

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Case Study: Regional SME Development Project Brings Innovation Lift to Manufacturing Hub

Innovation 360 Group

They need a common framework and language to describe and quantify innovation efforts, and to collaborate internally and externally. While they don’t have the same resources as large corporations, SMEs can potentially be quite innovative. Innovation area in Growkomp project was very interesting.