Remove 2009 Remove Collaboration Remove Innovation Processes Remove Strategy
article thumbnail

Proven Social Strategy to Accelerate the Inventive Process

Daniel Burrus

In other words, the aim is to ostensibly distill the innovative process, channeling it toward a specific need by holding contests in which contestants try to develop the best possible iteration of a concept. Contests, however, are not some cutting-edge strategy used only by the most forward thinking innovators.

article thumbnail

What is idea management and why is it important for any business

hackerearth

According to Malik (2014), the idea management process has the following steps: Phase. Generate ideas by encouraging all employees to collaborate to address a particular challenge statement; support voting and rating. Allocate resources for the winning idea to be executed as part of current innovation strategy, or later.

Insiders

Sign Up for our Newsletter

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

article thumbnail

How ITONICS’ customers practice trend and technology management

ITONICS

ITONICS identified this gap already back in 2009 and became the digitizer in innovation management. This ensured that innovation management can rely on a sound database and to avoid a situation where, ultimately, the decision is based on a manager’s gut feeling. Millenet: What is the outcome?

Trends 0
article thumbnail

Typology for Innovative Organizations

Open Innovation EU

An updated version of typologies is useful because it adopts new discussions, for instance about overexploitation (Raworth, 2017), innovation (Coley, 2009) and sustainability (Griggs et al, 2013; Sachs, 2012, United Nations, 2017) and puts them at the heart of organizational typology. Socio-economic Relevance. – Berends, H.,

article thumbnail

Innovate, Adapt, Overcome: How to Beat a Recession with Idea Management & Continuous Improvement

Qmarkets

However, by developing an innovation strategy that anticipates a downturn, you can help your enterprise weather the storm and even uncover lucrative ways to gain a competitive edge. Even during stable economic times, it’s worth implementing a Kaizen system to prime your continuous improvement strategy for long-term business success.

article thumbnail

11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

Research has shown that innovation is mostly linked to the Schumpetarian view: innovative companies are more likely to be started by Schumpetarian-type founders (Samuelsson & Davidsson, 2009), are more likely to be started by engineering students (Ilozor et al., Journal of Product Innovation Management, 31(3), 616–635.

article thumbnail

33 Routes to Open Innovation

Open Innovation EU

The process of sourcing for external knowledge, patents or technology and to formalize the use of that information in your own innovation process. The process of collaboration between inventors and joined registration for a patent that may be used for further exploration and exploitation onwards.