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Understanding Open Innovation

IdeaScale

Historically, research and development departments within organizations were solely responsible for coming up with innovative ideas. Traditionally, corporate innovation has been an inside job, with few exceptions. Why Open Innovation Is Emerging as a New Paradigm.

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Implementing Open Innovation: Insights from Ariana Smetana of AccelIQ Digital

Qmarkets

Open innovation is a core strategy for transformative growth amongst a growing number of enterprise companies around the world. The days of boardrooms and R&D departments keeping innovation under lock and key are waning, as companies are increasingly preferring a more collaborative approach with startups and other external parties.

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Leveraging the Benefits of Open Innovation

IdeaScale

Open innovation is innovation where companies or organizations reach out to other companies, individuals, and the general public to create innovative products and services. Some open innovation partnerships include colleges and universities. R&D is expensive, but open innovation helps curtail the costs.

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Recognizing the Building Blocks of Innovation

Paul Hobcraft

I finished my last post, “ Are we EVER going to embrace innovation? ” With the argument, we need to change the innovation narrative and significantly update the innovation approach and processes to meet today’s and tomorrow’s business challenges.

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Measuring Open Innovation

Innov8rs

When it comes to innovation, some initiatives may be too risky or outside of a corporation's capability zone, leading to a longer learning curve. 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?

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Innovation thinking in Ecosystem and Generative AI design.

Paul Hobcraft

Innovation thinking in Ecosystem and Gen AI design I believe there is a real need to construct a different innovation process. We are rapidly seeing the past of innovating simply in terms of operating on our own. Innovation needs reinventing. The building out of the Composable Innovation Enterprise Framework.

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Has innovation changed over the last ten years?

Paul Hobcraft

Innovation is certainly a complex and dynamic process that involves many factors and actors and I certainly feel it has been shifting in its focus. I decided to ask GPT-4 what major shifts have occurred in how we approached innovation ten years ago and today. It was suggested that these were the following.