article thumbnail

Measuring Open Innovation

Innov8rs

This collaborative approach to innovation – also known as Open Innovation – can come in many shapes and sizes. How to measure your corporate’s open innovation activities? Open Innovation: Pros & Cons Corporations can’t always undertake innovation on their own. Joint Ventures (e.g.,

article thumbnail

Choosing your direction of travel

Paul Hobcraft

We need to engage differently. For instance, earlier engagement with governments, with research institutes, publishing new findings in more open ways, less restrictive on a sharing data all might allow the communities to search for a different model of discovery to commercialization. We need to engage differently.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The need for Transformational Innovation

Paul Hobcraft

We have many innovation outcomes to choose from, including incremental, distinctive, radical or disruptive. Today we focus more on open innovation where a greater external diversity combines with internal expertise to generate the potential for something fundamentally different.

article thumbnail

Innovating in an Economic Downturn

Innovators Alliance

Smart companies however, respond to leaner budgets by deploying non-traditional methods that are both cheaper and tend to engage customers in creative new ways. Stay Externally Focused “Open Innovation” is all about tapping into resources, knowledge, and technology from outside the company.

article thumbnail

The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

The use of crowdsourcing : the goal for me, is to engage and move the crowd towards a new direction, by encouraging out individual thinking and discovery, searching for combining these contributions; ones that lead to novel, new answers that move a challenge forward into a solution, one that has improved value over the existing.

article thumbnail

The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

The use of crowdsourcing : the goal for me, is to engage and move the crowd towards a new direction, by encouraging out individual thinking and discovery, searching for combining these contributions; ones that lead to novel, new answers that move a challenge forward into a solution, one that has improved value over the existing.

article thumbnail

Crowdsourcing and Smart City Innovation: A Winning Combination

Qmarkets

the natural evolution of the course should be smart, or digital, government that not only enables more efficient engagement between its personnel but also upgraded contact with the people, including value-generating services. Is Your City Becoming Smarter?