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Crowdsourced Innovation: Three Things I Learned

IdeaScale

During my first two weeks as a Marketing Intern for IdeaScale, I learned about how the business world operates, particularly how an organization uses crowdsourced innovation with tools such as IdeaScale. This means that companies need to continuously innovate if they want to remain competitive in the market.

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How to Boost Innovation by Recycling Existing Ideas

IdeaScale

After all, the first portable MP3 players hit the market in 1998 and by 2001 there were over 50 different models available through which you could download and play music from your computer. First launched in October 2001, Apple ‘s portable music device has revolutionised how we all listen to and download music.

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5 Reasons to Bring Your Team Together for a Remote Design Thinking Project Now

InnovationTraining.org

Research by McKinsey & Company found that organizations that maintained their focus on innovation during the 2009 financial crisis emerged stronger. Not only that but they outperformed the market average by more than 30 percent, and continued to deliver accelerated growth in the following three to five years.

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Value Stream Discovery: What to test & how to measure [Airbnb example]

Moves the Needle

We appreciate the analog nature of these tools, because teams gather around the boards and discuss, brainstorm and share. But fundamentally this works for all businesses, including those with existing products in the market. Like other aspects of their business, it evolved over time as they attracted new market segments.

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When innovation led to a reversal of fortunes

hackerearth

It was close to bankruptcy in the late 1990s with rivals BM, Dell and HP eating up the market. The company had a paltry 4 percent market share and losses of over $1 billion. Market expansion was what Apple needed, not a sizable chunk of the PC market. Mac’s unique features were shadowed by the premium price.

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Alignment Diagrams

Boxes and Arrows

See the original details of the event from 2009 [1] ). Brainstorming Alignment diagrams serve as an excellent stimulus for a workshop or brainstorming session. Designers have the skills to creatively brainstorm and lead such sessions. The top two rows show the phases and physical devices a participant might use.

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33 Routes to Open Innovation

Open Innovation EU

It has been a while since Henry Chesbrough coined the term Open Innovation and formulated it’s definition: “combining internal and external ideas as well as internal and external paths to market to advance the development of new technologies.” More information: Lichtenthaler (2009). Route 15: Co-marketing.