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Companies betting big on open innovation

hackerearth

Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively. The free flow, in and out, of ideas and IP promotes innovative ecosystems. Why does open innovation work?

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Zebras - Not Unicorns - for Profitable and Scalable Corporate Innovation

Innov8rs

As Mattia Visigalli, Innovation Consultant - Group Strategy and Innovation at Zurich Insurance Group, says: "Future-proofing our organization involves falling in love with problems because these problems are the key to finding innovative solutions.”

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How the Owners of One of the World’s Largest Wineries are Fermenting Groundbreaking New Ideas with Qmarkets

Qmarkets

In 2017, an Innovation Strategy Manager at a major vineyard was tasked with finding an efficient system for streamlining ideation. This system would need to be used to overcome departmental communication barriers, as well as drive the innovation that would help protect the company from wine industry disruption. Qmarkets: Cool.

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Dance of the Corporate Innovators

The Inovo Group

And those who were seen dancing were thought to be insane by those who could not hear the music. 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.

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Innovation Management: Importance, Ideas, and Examples

Acuvate

In less than a decade, innovation management got recognized as one of the most powerful strategies an organization can use to streamline internal processes and boost their business productivity. What is innovation management? Nurturing the internal side of open innovation amplifies participation. during 2017–2022.

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5 Innovation Trends of 2018 that will Disrupt the Corporate Landscape in 2019

Qmarkets

Corporations are increasingly looking to pioneering new technologies to increase employee engagement and expand their market base. It’s important to get a sense of how the tectonic plates of the innovation landscape are shifting in order to anticipate the new opportunities of 2019. Let’s dive in!

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The fascinating story of Giffgaff: A co-creation case study

hackerearth

58% of the businesses have piloted co-creation projects to help them innovate. One could perhaps think of crowdsourcing and co-creation as different aspects of open innovation. Giffgaff — the wholly owned subsidiary of O2 used co-creation as the vehicle for innovation. Source: The Telegraph. Get the report here.).