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Open Innovation Challenge to Improve Air Travel: Winners Announced

IdeaConnection

Several airline passengers have a little more money in the bank thanks to an open innovation competition in Germany. They were the winners of the inaugural Frankfurt Airport Innovation Challenge, which asked members of the public from anywhere in the world for their ideas to improve the passenger experience.

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Choosing your direction of travel

Paul Hobcraft

They are not yet at the point of being digitally effective to turn what they have into real competitive advantage as they lack the capabilities in big data analysis and those algorithms that reveal ground-breaking innovations, Are they hanging on in the belief they will become digitally transformed eventually or just deluding themselves?

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Women’s Safety XPrize Winner

IdeaConnection

A new type of gadget that can help to keep women safe has won the $1 million top prize of a global open innovation competition, the Women’s Safety XPrize. It was founded by the philanthropists Anu and Naveen Jain to address the problem of violence again women. And they had to retail for no more than $40.

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How to Cut Costs and Still Be Innovative

Leapfrogging

Leverage external innovation. This is also known as open innovation, and it can take many forms ranging from idea competitions to longer-term partnerships or equity investments. Travelers in a rush love that they can order, eat, and check out fast, all without having to flag down a waiter. Rethink waste.

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Innovate or Die: Bold Action, Connected Minds, and a Leadership Team with Vision

eZassi

The Roaring Twenties , a period of economic prosperity following the end of World War I, was marked by changes to American life through advancements in manufacturing, consumer products, travel, medicine, entertainment, and upended social norms. Inspiration from the Top Innovators. Need some more innovation motivation?

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Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

This requires companies to proactively or reactively innovate their business models in order to remain competitive. Recent research has confirmed successfully disrupting as well as outperforming companies to be significantly more engaged in business model innovation. Cases in point: Lego and Burberry.

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The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

Crowdsourcing can be under social fundraising, collaborative consumption, customer co-creation, peer-to-peer economy, collective intelligence, open innovation and crowdfunding to name some, not all. It took me some time to make these connections but these are all seeking out a digital crowd engagement.