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Innovate or Die: Open Innovation and 4 Key Measures to Stay Alive

Innovation Walk

in 2004 to 8.3% To stay alive, it is crucial for companies to nurture initiatives between themselves and to build an innovation ecosystem outside their own boundaries. This is how “ Open Innovation ” was born. This does not mean that old innovation methods should be discarded.

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71 Innovation Methodologies

Open Innovation EU

Open Innovation (Chesbrough). Open Innovation Kick-Start Approach (AT Kearney). Open Innovation Requirement Model (AT Kearney). Experiments Open Innovation (Guinan). Focus stage: Growth Published: 2004 more…. Focus stage: Early-stage Published: 2004 more…. Co-Creation (Prahalad).

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Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360 Group

Horizon 2 (H2) is about expanding and building new business (the next S-Curve) through innovations. Another source on the theme, O’Reilly III and Tushman (2004) , talks about being able working ambidextrously with incremental and radical innovation at the same time.

Company 40
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Organizing for Simultaneous Innovation Capability – key findings from +1,000 companies, republished from Drucker Forum 2016

Innovation 360

Horizon 2 (H2) is about expanding and building new business (the next S-Curve) through innovations. Another source on the theme, O’Reilly III and Tushman (2004) , talks about being able working ambidextrously with incremental and radical innovation at the same time.

Company 40
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Innovation Management: Importance, Ideas, and Examples

Acuvate

“94% of senior executives agree that employees and corporate culture are the most important drivers of innovation” – PWC. Nurturing the internal side of open innovation amplifies participation. Examples: Google: Google was the first company to create a business based on innovation.

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When innovation led to a reversal of fortunes

hackerearth

In 2004, CEO Knudstrop embarked on a back-to-the-basics journey, and went from a loss of $292 million that year to a profit of $117 million in 2005. The company encourages open innovation via Lego Ideas. Another turnaround story is Netflix’s using tons of data to drive innovation and beat competitors and challenges.

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Typology for Innovative Organizations

Open Innovation EU

structured ambidexterity; O’Reilly & Tushman, 2008; i.e. contextual ambidexterity; Birkinshaw & Gibson, 2004). As such, a modern-day typology for innovative organizations should deal with ambiguity in organizations. 2015, Christensen, 2011, Birkinshaw & Gibson, 2004, Kelley, 2005). Socio-economic Relevance.