One big open innovation square dance…

Innovation 360

Innovation is a way of getting competitive advantage which is well known and documented since ancient times, ranging from machinery, war equipment to the beauty industry and all trial building the perpetuum mobile. What´s happened lately is the paradigm shift of opening up the innovation process from being secret and closed towards inviting for collective wisdom and creativity. We call it open innovation or sometimes Innovation 2.0.

Innovation trends

Innovation 360 Group

Over the last year the key topics within the world of innovations has been impacted by social responsibility and sustainability aspects, which can be seen by analyzing the last 12 months of Google searching using Google Insights for Search. business innovation. open innovation. innovation management. technology innovation. social innovation. US, Canada and KU is dominating all searches except from Open Innovation where Germany is leading.

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Open Innovation: A 2014 Research Agenda

Open Innovation

One of the main goals of the Chesbrough/Vanhaverbeke/West 2006 book was to shape the research agenda of the open innovation. Our final chapter was immodestly entitled “Open innovation: a research agenda” (West, Vanhaverbeke and Chesbrough, 2006). Since I'm trying to write a short encyclopedia article on open innovation — and want to make it different from my 2011 article — it seemed a good time to review what’s been written recently.

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.” In the course of time, the terminology surrounding Open Innovation has evolved alongside developments in management literature and practises. Route 4: Collaborative Innovation. Route 24: Open Data.

Standardization as an open innovation activity

Open Innovation

An important but understudied form of open innovation is the network form (network as defined by Powell 1990). The theme for EURAS 2016 is ‘Co-opetition and Open Innovation’, and so I was invited to deliver the keynote address. The slides for my talk (entitled “How standards research can inform open innovation”) are online at SlideShare. Failed OI Network Strategies Often the research in managing innovation networks (platforms etc.)

R&D Management: Let's Reward Fraud, Not Punish It

Open Innovation

For the past month or so, I have been getting reminders of a new publication on open innovation in R&D Management. This month, it was perhaps the last hurrah of the discredited , fired ex-academic whose who will be remembered in innovation studies as the greatest fraud of the early 21st century. Nonetheless, the importance of outbound open innovation has been increasing along with a growing trend toward open innovation in general (Grönlund et al.,

Everything you need to know about innovation management software

hackerearth

Although enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. What is innovation management software (IMS)? 2011)) . Poor innovation implementation.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

WOIC 2015, Day 1

Open Innovation

Chesbrough’s opening talk was followed by industry speakers (on the Internet of Things) from GE, IBM and Deloitte. I was sorry not to be able to attend the first problem session, which talked about how Pfizer is managing its use innovation intermediaries. In the following session, I presented my own paper (moderated by Faems) which looked at pharma, open source biology and open source software. student and a Bayer manager.

Innovation Car Boot Sales and Open Intellectual Property Exchanges

The Future Shapers

Pulling on the strands of decluttering, Open Source and Crowdsourcing this thought piece considers the challenge of creating an open market for an organisations Intellectual Property (IP). In late 2011 I was working as part of the innovation team at Logica. More than forty years innovation track record. Logica at that time had a mature innovation partner programme and did recognise the power of the ecosystem. Crowdsourcing Ecosystem Open Innovation

WOIC: Final Thoughts

Open Innovation

Now that I've had a chance to get home (and pack up and leave again), let me offer a few thoughts on the 2nd World Open Innovation Conference -- not as program chair, but as the owner of OIBlog.net who blogs about open innovation related conferences. Industry Sessions The opening industry session was the best of all that I heard at WOIC. Yes, they focused on healthcare, which has been my main teaching and service focus since changing employers in 2011.

71 Innovation Methodologies

Open Innovation EU

A while ago I sat down with Machiel Wetselaar & David van Dinther to create a list of innovation methodologies for a course we’re developing. Up to now we’ve gathered 71 different methodologies for implementing innovation in your organization. Innovation Cycle (Avans). Focus stage: Maturity Published: 2011 more…. Focus stage: Early-stage Published: 2011 more…. Open Innovation (Chesbrough). Experiments Open Innovation (Guinan).

Warm and Fuzzy at the Front End of Innovation

Paul Hobcraft

Perhaps I have fallen into the very trap I have campaigned about in the past, in recognizing and resolving the disappointing results we achieve from all the work we put into the front end of innovation. The “warm and fuzzy” front end of innovation can make us all a little grumpy. I recently wrote out a newsletter – termed a thought or two – to my innovation network. The subject was the changes occurring at the front end of innovation.

Networks, Communities, Ecosystems and Platforms

Open Innovation

Maybe I’m getting crotchety in my old age, but it seems like there’s some sloppiness in the use of these terms by innovation scholars. Open Innovation Communities At AOM, I had two key opportunities to discuss communities. The 3D printing world looks like the open source hardware communities of Raasch et al (2009), which in turn look a lot (but not exactly) like open source software communities. Online communities and open innovation."

Typology for Innovative Organizations

Open Innovation EU

To my opinion, Mintzberg’s work was a refreshing change to the world of organization design that until then has been largely influenced by Taylor’s Scientific Management Approach and Henry Ford’s efficiency-based adaptation of that. In fact, building blocks as ‘middle management’ might only still exist on paper today. But times are changing and organizations are emerging, scaling and managed completely differently. 2011). 2011).

VC to CV

100%Open

This is where a large company sets up a fund to invest in SMEs, usually with the intent to commercialise the smaller company’s innovation. Corporate venturing has been displacing venture capital as funds have decided to focus on fewer bigger deals, corporate R&D departments have shrunk and the companies have become better at managing exits and creating business models that are less restrictive to the SME in terms of IP and exclusivity. Open innovation.

Dance of the Corporate Innovators

The Inovo Group

In 2017, Innovation Leader published the results of a survey on Innovation Teams and Business Units: Allies or Adversaries [ 2 ]. But with innovation, businesses must change, which in turn requires variation. In a business world without variation, innovation can’t happen, and companies can become irrelevant – and also go extinct. In 2011, O’Reilly and Tushman [ 3 ] built on the Exploration-Exploitation concept to create what they called the Ambidextrous Organization.

Learning User Innovation by teaching it

Open Innovation

This month I spend part of my innovation strategy class at UCI on user innovation. Thoughts in 2014 With more than 15 published papers (articles or chapters) about open innovation, I’m guessing many know me mostly for my OI work. Of these articles, two articles in 2009 and 2012 compare open and user innovation, the latter with Marcel Bogers (who did his diss at EPFL on UI). I wrote it with Frank Piller, one of Europe’s best known open innovation scholars.

When innovation led to a reversal of fortunes

hackerearth

The term innovation has been much bandied about this decade. Although a hackneyed word especially in the world of education and business, “innovation” has much in its favor. Read WSJ ’s “Is a Peanut-Butter Pop-Tart an Innovation?” There are plenty of expert definitions of innovation out there. Companies are leaving no stone unturned in their attempts to drive innovation, be it radical, incremental, or breakthrough. Controlled innovation has clearly worked.

How to Overcome Employee Engagement Barriers With a Continuous Improvement Program

Qmarkets

As one of Qmarkets’ strategic partners, Above + Beyond (A+B) provides specialized management consulting services to companies across North America, including the leading payment solutions provider TSYS. In this Expert Spotlight piece, Sebastian Apelt – Managing Partner at A+B – shares how this innovative project has led to some remarkable results for all parties.

How to Turn your Employee Engagement Problem into a Continuous Improvement Solution

Qmarkets

As one of Qmarkets’ strategic partners, Above + Beyond (A+B) provides specialized management consulting services to companies across North America, including the leading payment solutions provider TSYS. In this Expert Spotlight piece, Sebastian Apelt – Managing Partner at A+B – shares how this innovative project has led to some remarkable results for all parties.

Uncertainty is the Innovator’s Friend

The Inovo Group

All four need to be managed during the innovation process. Innovators need to use special tools to measure and manage it. Managing uncertainty requires the use of a metric – the Opportunity Readiness Level (ORL). By using the ORL uncertainty framework, organizations can better manage innovation uncertainty. Uncertainty is the bane of corporate management. A Necessary Part of the Innovation Process.

Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. However, there are innate benefits to innovating “in the real world”, benefits which a digital interaction will never be able to fully replicate. Benefits of Online Innovation. Benefits of Offline Innovation. Innovation Hubs.

Innovation Ecosystem: Bridging the Gap Between Digital and Offline Innovation

Qmarkets

Innovation used to be something that would happen in a physical setting, be it in a workshop, a laboratory, research center, etc. Now, with the advent of innovation software, the process of ideation and collaboration mostly happens online. However, there are innate benefits to innovating “in the real world”, benefits which a digital interaction will never be able to fully replicate. Benefits of Online Innovation. Benefits of Offline Innovation. Innovation Hubs.

When Disruption Becomes Destructive: How Can Financial Services Companies Close the Innovation Gap?

Qmarkets

trillion (2016) according to a white paper by Oliver Wyman , a leading global management consulting firm. These banks recorded 58% growth between 2011 and 2016, a staggering number – that is until you review the performance of the industry’s newer entrants. They state that they want proactive, actionable financial advice to be able to manage their financial needs better, and easy-to-use digital solutions that deliver convenience.

How China Creates the Strongest Innovation System

The BMI Lab Blog

BMI Think Tank travelled to China for a Business Model Innovation Study Trip. A great opportunity to understand how China has evolved into a global innovation power. This is the first in a series of two articles about innovation in China, where we share the insights gained from the research trip we made to China with some of BMI Lab’s clients in August 2017). Massive investments, a huge market and the hiring of worldwide talent has boosted the Chinese innovative ecosystem.

Top 10 must-read books on Innovation

hackerearth

Being innovative or creative looks like an inherent trait to most of us, doesn’t it? For those who steered away from the path of innovation and tried to fit into the neatly defined boxes of the world, it’s time to get a real sense of what your talents are and dig deep. To help innovation officers and wannabe innovators in their task, we’ve put together the best books to inspire you and help your company and workforce stay relevant. The Innovator's Dilemma by Clayton M.

Adaptive Strategy Matrix [Infographic]: exploration vs. exploitation?

Open Innovation EU

I recently ran into an article (Walrave et al 2011) that analyzed a simulation of investing in exploration vs. exploitation. The decision to invest in (mainly short-term oriented) exploitation or to invest in (mainly long-term oriented) exploration is one of the key concepts of management and often referred to as ambidexterity. In this strategy companies focus on social innovation, entrepreneurship, ideation and technology. Focus on social innovation and ideation.