article thumbnail

Profiling the Open Innovation Manager

HYPE Innovation

We talk a lot about, and also to, innovation managers here on the blog. Mike Hatrick (the event moderator) asked the question: who really is the innovation manager? In his presentation, Mike mentioned the researchers, strategists, evangelists, pioneers that go on to become change agents, leaders, organizational designers, coaches/ trainers, and ultimately fill the seats of process owners, decision-makers and project managers. The Innovation Manager

article thumbnail

Open Innovation: Your Guide to Harnessing and Managing the Best Ideas

IdeaScale

Open innovation allows everyone to compete equally, whether their development budget is large or small. What is Open Innovation. Open innovation is a paradigm shift that assumes organizations can and should use external ideas as well as internal ideas to determine as path to market and advance technology. Why Open Innovation is an Equalizer. Employee Open Innovation : Dick’s Sporting Goods was a runner-up in the 2016 Innovation awards.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Open Innovation: A critical success factor when you build your innovation journey

IdeaScale

Digital transformation challenges established new business models and management approaches. As a consequence there is not a “one size fits all” solution – each company needs a unique plan to drive innovation and change successfully. However, there are some proven measures with high impact on revenue growth, cost and time savings and improved effects on customer satisfaction – one of them Open Innovation (also known as crowdsourcing).

article thumbnail

3 Ways to Assess and Improve (Open) Innovation Structures

HYPE Innovation

In a previous post I was telling you about engineering an open culture and how tricky this task can be. As research shows, the structures for innovation and open innovation are just as prone to failure, despite sizable investments and the best of intentions. And by structures I mean the physical spaces where innovation takes place and the formal reporting relationships (levels of hierarchy, managers’ span of control, communication patterns) within them.

article thumbnail

Announcing the 4th Annual World Open Innovation Conference

IdeaConnection

Do you want to hear about the latest open innovation research? Are you keen to know more about how open innovation can help your business? If so, point your feet toward Silicon Valley, San Francisco this coming December for the 4th Annual World Open Innovation Conference (WOIC 2017). This huge annual event lays claim to being one of the most well attended open innovation conferences in the world. Open innovation ecosystems.

article thumbnail

Six Myths about Open Innovation

Yet2

You have heard about Open Innovation in the news, but are hesitant to implement OI because you think it won’t be successful. Below are 6 myths about open innovation that will make you rethink your reluctance. Nobody Has Success Using Open Innovation. Open innovation has brought significant benefits to companies from enterprise to startup size, including GE, Lego, Samsung, and even NASA. Open Innovation is a Passing Fad.

article thumbnail

The End of Open Innovation?

100%Open

It’s clear that company innovation techniques are changing fast but how do we open innovation specialists react? If open is the’ new normal’ is our mission complete? It has been fascinating to watch how corporate culture and practices have opened up since we started on this open innovation journey 8 years ago. Does this mean we at 100%Open are out of a job if everyone is practicing open innovation already?

article thumbnail

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.

article thumbnail

Open Innovation: Tackling Mood, Conflict and Knowledge Boundaries

HYPE Innovation

So today, and regularly from now on, I’d like to tell you something you didn’t but effectively should know about managing innovation. While artists – bloggers included – do not typically disclose where they get their inspiration from, I will share this one secret with you: I am a huge fan of Freakonomics Radio. Some of my older posts on grit , foresight , and gamification all draw on something heard on the show. So I highly recommend it.

article thumbnail

Four Open Innovation Techniques

Wellspring

There are four main tactics that organizations commonly use for inbound open innovation; tech scouting, vertical collaboration, horizontal collaboration, and technology sourcing. These four tactics are all positively correlated with innovation performance and are all useful to firms who are seeking both radical and incremental innovation results. Open Innovation

article thumbnail

Four Open Innovation Techniques

Wellspring

There are four main tactics that organizations commonly use for inbound open innovation; tech scouting, vertical collaboration, horizontal collaboration, and technology sourcing. These four tactics are all positively correlated with innovation performance and are all useful to firms who are seeking both radical and incremental innovation results. Open Innovation

article thumbnail

Easing Traffic Congestion with Open Innovation

IdeaConnection

Here is a rundown of a few open innovation initiatives that have attempted to unclog our traffic-filled roads. Ford Motor Company’s Innovate Mobility Challenge – looked for solutions to transport challenges faced by different regions. Intelligent Transportation Congestion Challenge – a global open innovation contest from the Intelligent Transport Society of America (ITS) to cut down on congestion and reduce pollution.

article thumbnail

Idea Management Software Streamlines Open Innovation

eZassi

Idea Management Software Streamlines Open Innovation. “Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology.” ” https://en.wikipedia.org/wiki/Open_innovation. Traditionally, innovation was a closely guarded secret. Traditional Companies Are Moving Toward Open Innovation.

article thumbnail

Gamification and Open Innovation

eZassi

Open innovation injects new ideas into an organization by providing the ability for non-employees to submit concepts for consideration. The challenge is how to attract and engage these innovators in a way that sustains their interest and increases the quality of their submissions. Gamification is the process of transforming tasks or processes into a competitive process to engage users, solve problems, increase productivity, and drive innovation.

article thumbnail

Managing Expectations in Innovation Management

IdeaScale

However, this can present some challenges for innovation managers. Some concerns we have heard from innovation managers: “I do not want to overpromise what we’re going to do with people’s ideas.”. We can address these concerns head-on by setting and managing expectations. The involvement of stakeholders and experts in the open innovation process is central to the success of crowdsourced open innovation.

article thumbnail

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. Open innovation (OI) uses a mix of approaches, thereby affording higher responsiveness and flexibility while trying to grow beyond its core business. The free flow, in and out, of ideas and IP promotes innovative ecosystems. Why does open innovation work?

article thumbnail

Open Innovation vs Crowdsourcing vs Co-creation

Wazoku

Various principles and concepts are used for managing research and innovation. You are probably familiar with these buzzwords: crowdsourcing, open innovation and a more recent one, co-creation. Organisations are gradually moving away from traditional work models; they are becoming a lot bolder and more inclusive in their approaches to innovation. As an innovation and idea management company we have witnessed successful use and implementation of these processes.

article thumbnail

Workflows Address Open Innovation and Product Lifecycle Management

eZassi

When it occurs on an organizational level, it hinders both innovation and market responsiveness. Open Innovation and Workflow. eZassi is globally recognized for delivering the best OI management tools on the market. With our workflow systems, every concept is managed to its appropriate conclusion. Workflow and Product Lifecycle Management. Workflow assures that Open Innovation goes beyond great ideas to become amazing realities.

article thumbnail

15 most important Innovation Theories your company should be using

Idea to Value

Every company says that innovation is important, and that they value the ideas of their people. Yet the problem lies in the fact that so few established companies actually know how to go about getting value out of their innovation ambitions, let alone turning it into profit. In fact, according to some estimates by Doblin , 96% of all new innovations which established companies attempt fail to make a return on investment. Suggested viewing: 12 – Disruptive Innovation.

Company 236
article thumbnail

Open Innovation: Convincing the Decision Makers

eZassi

Open Innovation Shouldn’t Be a Hard Sell, But It Is. At Ezassi, we believe whole-heartedly in the importance of innovation to progress and the survival of businesses. That being said, we also fully recognize that convincing decision makers to go forward with innovation initiatives can be a hard sell. This means that it falls on employees to make the case for innovation, which can be a thin line to walk. About Innovation Leader.

article thumbnail

ISPIM Grand Prize 2017 – Finalists Announced

Innovation Excellence

Those of us who work in Innovation Management know how hard it can be. Innovating innovation management itself needs to be recognized, which is why ISPIM, the International Society for Professional Innovation Management, launched the Grand Prize in 2015, to recognize excellence in innovation management. Competitions Creativity culture Innovation Leadership Management Open Innovation Strategy Crowdsourcing Innovation Management

article thumbnail

Essential Steps Toward Open Innovation Success

eZassi

The goal of open innovation is to allow organizations to collaborate with external resources to advance their technologies. Successful utilization of OI includes four essential steps and the right tool to manage them. Innovation Integration. An automated assessment and analytics tool supports innovation integration, making the process seamless to your existing system. Innovation requires communication that goes beyond the initial concept submission.

article thumbnail

Report Highlights Skills Shortage in Open Innovation

Innovation Excellence

More and more companies are engaging in some form of open innovation, but such an approach requires a new way of working that employees are often ill-equipped to undertake. That's the argument put forth by a new paper from The European Academic Network for Open Innovation. education Europe Innovation Management Open Innovation People & Skills skills Talent training

Report 40
article thumbnail

How Open Innovation Can Be Used in the Financial Sector

InnovationManagement

However, we thought that there were a few problems that could be particularly fruitful when applied to open innovation systems. Strategies compliance innovation management open innovation security standard bank technologyIn a recent article, The Financial Brand discussed the biggest threats to the financial and banking industry. They included a long list of everything from profitability to making good hiring decisions.

article thumbnail

Picking the Right Stakeholders for Open Innovation

InnovationManagement

What external stakeholder groups can you tap into to build value for your innovation initiatives? If so, what is your plan for reaching out to organizations within these pools so that you can further expand your innovation ecosystem? Strategies communication ecosystem enterprise innovation innovation strategy MNC open innovation SME stakeholder management Stakeholders strategic partnership

article thumbnail

Open Innovation for Clean Water

IdeaConnection

They have formed an open innovation collaboration to tackle this pressing issue. The two organizations have posted four challenges on HelloScience , an open innovation platform started by Novozymes that encourages innovators to collaborate to solve the UN Sustainable Development Goals. Clean Water and Sanitation for All – a search for innovative ways to ensure availability and sustainable management of water and sanitation for all.

article thumbnail

IdeaLab: A New Kind of Open Innovation Platform

Collective Innovation

Open innovation means allowing everyone a voice at the table. Each individual has a unique perspective to add and can identify opportunities and problems that you otherwise may not see with the traditional closed innovation model. At Collective Innovation our focus has always been on increasing engagement, since your personal and organizational success is based on the buy-in and active participation of your community.

article thumbnail

Open Innovation Contests Drive Breakthroughs

IdeaConnection

Whether it’s coming up with novel ways that allow astronauts to poop safely in space, inventing life-saving medical devices or finding solutions to such complex problems as global warming, open innovation contests are powerful catalysts for groundbreaking advances. GE and Statoil Open Innovation Challenge. The challenge: find innovative housing solutions for autistic adults to live independently.

article thumbnail

Technology Scouting Excellence 2017 Speaker Lineup

eZassi

Today we are excited to announce the speaker lineup for the Technology Scouting 2017 conference. The conference date is October 18 – 19, 2017 and will be held in Boston, MA. The speaker lineup includes: Denise Fletcher , Chief Innovation Officer. Ezassi (former Chief Innovation Officer, Xerox). Issac Veinbergs , Head of External Innovation, Neurosciences. Brian Bronk , Head of External Innovation, Rare Diseases, Strategy and Business Development.

article thumbnail

Driving Open Innovation Through a Culture of Collaboration

eZassi

Open Innovation is the grounded in the belief that great ideas can come from any source and an organization’s internal expertise will transform those ideas into market value. The challenge comes when an organization chooses to shift from a closed innovation system to an open one. Although each company is different, most have a traditional corporate culture that includes the belief that all innovation is internally driven.

article thumbnail

Open innovation and Real-Time Mapping of Irma Flooding

IdeaConnection

Open innovation, social media and mobile technologies are rapidly changing the face of disaster preparation, response, relief and rescue. In preparation for the approach of Hurricane Irma, Broward County in Florida launched Riskmap.us, a public reporting platform for disaster management. By pooling together information coming from so many people, open innovation can serve as a dynamic tool for emergency responders, the public and policy makers.

article thumbnail

FEI Europe 2017 Recap – Denise Fletcher, CIO

eZassi

FEI Europe – Adapt, disrupt, innovate. This year’s FEI Europe conference in London was full of energy and ideas and I left feeling more motivated and inspired than ever to continue to find new ways to disrupt stale approaches to innovation. We must continue to innovate and look for new ways to think about and use technology. If there is anything I could change about the week, it would be to have spent more time meeting with the innovators in attendance.

Roadmap 45
article thumbnail

Open Innovation: A Major Change in Corporate Culture

eZassi

Unfortunately, these typical business characteristics inhibit the organization achieving true open innovation. The Open Innovation/Traditional Corporate Culture Clash. Innovation and market response is important, but it’s more important that we control the process. In contrast, an open innovation culture is based on different beliefs: We don’t need to originate an idea to develop and profit from it. Open Innovation Uncategorized

article thumbnail

Open Innovation: A Major Change in Corporate Culture

eZassi

Unfortunately, these typical business characteristics inhibit the organization achieving true open innovation. The Open Innovation/Traditional Corporate Culture Clash. Innovation and market response is important, but it’s more important that we control the process. In contrast, an open innovation culture is based on different beliefs: We don’t need to originate an idea to develop and profit from it. Open Innovation Uncategorized

article thumbnail

The Innovative Mentor

IdeaScale

They take a long-term view of their staff and see innovation projects as an opportunity to stretch their employees’ capabilities and to help them achieve their aspirations. Depending on the scope of their ideas, innovators’ careers can be significantly shaped by this journey. A mentor enables innovators to focus on their project results while also learning about themselves along the way. A manager would work with them to develop the business case.

Handbook 189
article thumbnail

Do’s and Don’ts of Open Innovation

eZassi

Open innovation allows organizations to harness the creative efforts of others, both across the globe and in the office down the hall. OI requires careful thought and planning, with resources in place to advertise collaboration opportunities, accept submissions, evaluate their quality, and manage IP. Every minute you consider whether or not to start an OI program, your competitors are engaging innovators from around the world, capturing ideas that could have been yours.

article thumbnail

FEI Europe 2017 Recap – Denise Fletcher, CIO

eZassi

FEI Europe – Adapt, disrupt, innovate. This year’s FEI Europe conference in London was full of energy and ideas and I left feeling more motivated and inspired than ever to continue to find new ways to disrupt stale approaches to innovation. We must continue to innovate and look for new ways to think about and use technology. If there is anything I could change about the week, it would be to have spent more time meeting with the innovators in attendance.

article thumbnail

How to Get Management Buy-In for Corporate Innovation Experiments

Rocketspace

Corporate innovator: We should pursue idea “X” because there’s a viable market opportunity right now. Manager: Yes that’s a great idea. Corporate innovator: Great, we’ll need a self-contained budget of $Y to get project “X” off the ground. Management: We don’t have budget, but you can submit a request for funds for the next fiscal year. Corporate innovator: ….The Management: Let’s have another meeting with our CEO, CMO, and CTO.

article thumbnail

The New Era Of Mass Collaboration

Digital Tonto

Related posts: 2017: Collaboration Is No Longer A Choice, But An Imperative. All Posts Management Technology Collaboration Open Innovation Open PlatformsIn a networked world, the best way to become a dominant player is to be an indispensable partner. The New Era Of. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

article thumbnail

Driving your business forward with open innovation

hackerearth

HackerEarth is pleased to announce its next webinar on Innovation Management to help you learn from thought leaders and domain experts from all over the world. And companies are constantly looking for efficient models to propel innovation. Open innovation is one such model that allows companies to harness external ideas while leveraging their in-house R&D outside their regular scope of work. In short, open innovation is a better way to innovate.

article thumbnail

Innovation management versus change management

100%Open

The only real difference between innovation management and change management, is the intention that lies behind these approaches. Innovation, whilst often highly reliant on luck and randomness, is inherently a proactive and optimistic strategy. Whereas change management, whilst equally subject to chance and circumstances, is inherently a reactive and more negative approach.

Change 40
article thumbnail

How to Get Management Buy-In for Corporate Innovation Experiments

Rocketspace

Corporate innovator: We should pursue idea “X” because there’s a viable market opportunity right now. Manager: Yes that’s a great idea. Corporate innovator: Great, we’ll need a self-contained budget of $Y to get project “X” off the ground. Management: We don’t have budget, but you can submit a request for funds for the next fiscal year. Corporate innovator: ….The Management: Let’s have another meeting with our CEO, CMO, and CTO.

article thumbnail

Open Innovation Task to Save England’s Green Spaces

IdeaConnection

Their actions are so worrying campaigners that they’ve launched an open innovation project to find out exactly what’s at risk. Year after year park budgets are being cut, but too often the people who actually use them know little about the plans,” said Lorna Greenwood, the campaign’s manager at 38 Degrees, in an interview with the Guardian newspaper. Open Innovation 38 degrees England's green spaces open innovation initiative