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Do You Know What Open Innovation Is?

IdeaScale

In case you hadn’t heard, open innovation was defined by Henry Chesbrough as “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.”. It means that the process of innovation and competitiveness has been democratized. If you want to learn more about open innovation, download our complimentary Open Innovation Guide.

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Ten Top Tips for Success with Open Innovation

Destination Innovation

Increasingly this internal focus is being replaced by a more powerful and effective approach – open innovation (OI). Assess in what areas you need more innovation. CEO Laffley at Proctor and Gamble set a target of reaching 50% of new product innovations from outside the company – the goal was met. Assess your level of openness. Share : The post Ten Top Tips for Success with Open Innovation appeared first on Destination Innovation.

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Crowdsourcing vs. Open Innovation: What’s the Difference?

IdeaScale

Open innovation vs. crowdsourcing can be a tough call. What’s the difference between crowdsourcing and open innovation? Crowdsourcing Vs. Open Innovation. With open innovation, you might reach out to your entire company, and sometimes friendly rivals in the same industry, to share ideas and get perspective on something. The post Crowdsourcing vs. Open Innovation: What’s the Difference?

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Seven Critical Crowdsourcing and Open Innovation Mistakes to Avoid

IdeaScale

Crowdsourcing and open innovation are great ideas. Choosing Crowdsourcing Instead Of Open Innovation. Crowdsourcing and open innovation are two very different things. Crowdsourcing is a public, open idea pulling from the entire world, or at least the part of the world from which you can gain attention. Open innovation is a more limited process that draws from your company. Don’t get frustrated with your crowdsourcing campaign.

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A Strategic Approach to Open Innovation

Speaker: Jeffrey Phillips, Senior Consultant, OVO Innovation

This action-packed session examined the critical questions you should ask as you establish an open innovation framework: which technologies or ideas? Which partners and how many? Which methods? By taking a strategic approach to open innovation, you’ll find the right ideas or partners more effectively, and you’ll accelerate new products to market more quickly. This was a great session you don’t want to miss.

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2017 Open-Innovation Centers: multifaceted, and new-business-models oriented

Rapid Innovation in digital time

While 2016 saw innovation centers, intrapreneurship programs, corporate startups accelerators, and corporate FabLabs blossom, I expect 2017 to see the rise of a new kind of open-innovation centers: they will be multifaceted, and oriented toward the shape of new business … Continue reading → Innovation Rapid Innovation Unit Business model Business Model Innovation Corporate accelerator CrossLab Ecosystem FabLabs Innovation Center intrapreneur Open Innovation Platforms Startups

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The Business Case for Open Innovation

IdeaScale

Open innovation means better business. Making the business case for open innovation can be an uphill climb. Here are just a few reasons open innovation is for everyone. Any organization, however nimble it is, is only as innovative as the perspectives under its tent. Open innovation changes that by inviting new, fresh approaches to your industry and what you do. Innovation isn’t necessarily cheap.

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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.

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

IdeaScale

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). However, successful innovation management goes beyond the research and development department.

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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.

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Effective Co-Creation - A Guide to Open Innovation Programs

HYPE Innovation

Open Innovation is a challenging task for any company. Innovation ProgramsYet it yields great opportunities, and in this new world of digital transformation and rapid change in traditional markets, it's an approach CINOs have to consider. But how do you get started, and what do you have to consider to make it a sustainable part of your transformation strategy?

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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.

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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.

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Open Innovation Game

Open Innovation EU

The use of Open Innovation is to a large extend related to the rise of technology. Not only does technology smoothen Open Innovation, also the adaption of new technologies to our core business (model) can be accelerated by participating in Open Innovation networks. In fact, when talking to businesses the questions that they have do almost never directly include the use of Open Innovation as a goal.

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Looking at Closed versus Open Innovation

Innovation Excellence

Is there any word more fundamental to the modern business lexicon than ‘innovation’? If we take renowned researcher John Seeley Brown’s definition, the very nature of doing business is an act of innovation: that is, innovation is invention — of any. Innovation Intellectual Property Open Innovation Henry Chesbrough patents R&D University Research LabTo say that it forms an important part of enterprise is probably an understatement.

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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?

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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.

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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.

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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

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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

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2017 Open-Innovation Centers: Multi-faceted with New Business Model Focus

Innovation Excellence

While 2016 saw innovation centers, intrapreneurship programs, corporate startups accelerators, and corporate FabLabs blossom, I expect 2017 to see the rise of a new kind of open-innovation centers: they will be multifaceted and oriented toward the shape of new business models.

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Why Open Innovation Makes Sense

Innocentive

Innovation is something that most organizations want to master so that they can survive in our increasingly ‘VUCA’ world. Innovating well is increasingly challenging however. Innovation InsightsA recent study from the Stanford Institute for Economic Policy Research highlighted the difficulties organizations face in the modern world.

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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.” In the course of time, the terminology surrounding Open Innovation has evolved alongside developments in management literature and practises. Route 4: Collaborative Innovation. Route 12: Open Business.

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OUI 2017, Day One

Open Innovation

I’m back at the Open and User Innovation (von Hippel) conference this year in Innsbruck. Tellis, USC Marshall School of Business Rudi Mair, Director of Avalanche Warnings in Tyrol, Austria Achim Zeileis, Universität Innsbruck (a member of the R open source community Johann Füller, Universität Innsbruck and co-CEO of Hyve The papers (10 minutes) and short papers (4 minutes) are split into two parallel sessions. conferences OUI 2017 user innovation

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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.

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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.

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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. 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?

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The Era of Open Innovation

eZassi

The shift from closed innovation to open innovation is the defining characteristic of this decade. Even large companies like Microsoft are replacing private R&D with open source methods. Open Innovation is a Revolution. Many of the biggest innovations of the last few decades were built upon pre-existing infrastructure. As the infrastructure grows, so does the possibility for innovation. This is exactly what open innovation is about.

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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.

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Open Innovation Space Quest

IdeaConnection

And you can do so with NASA’s latest open innovation project – Backyard Worlds: Planet 9. For more information, and to sign up to the open innovation quest, click here. Open Innovation Backyard Worlds: Planet 9. citizen science open innovation and planetsYou are probably never going to set foot in space, but that doesn’t mean you cannot explore worlds beyond our own.

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Tackling Alzheimer’s Disease with Open Innovation

IdeaConnection

To accelerate research into treatment and detection and to find a cure, a group known as the Alzheimer’s Breakthrough team is turning to open innovation and crowdsourcing models. They are hoping to attract a global force of innovators in diverse fields (such as artificial intelligence, precision pharmaceuticals, and video games) and get them to put some considerable thinking time into coming up and developing breakthrough solutions.

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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.

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Open Innovation Just Got Easier

100%Open

This week we’re launching our new free open innovation toolkit. We have designed our toolkit to be used by those new to open innovation and old hands alike. It consists of 30 tools covering the whole open innovation journey from setting a strategy for collaboration to implementing mutually beneficial business models.

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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

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The Extent & Form of Open Innovation Today

Innocentive

Whilst challenge prizes have existed for hundreds of years, the concept of open innovation came to widespread attention through the work of Henry Chesborough. His 2003 classic Open Innovation: The new imperative for creating and profiting from technology highlighted the considerable potential of a more open approach to innovation, and alongside James Surowiecki’s Wisdom of Crowds , which was published the following year, showed a new way of thinking.

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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. Innovation Integration. An automated assessment and analytics tool supports innovation integration, making the process seamless to your existing system. Every open innovation system must manage the product lifecycle from intake of concept through product on the shelf. Cyberscouting Open Innovation

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Participate in Public Open Innovation Challenges

IdeaConnection

A fantastic way for organizations to give their innovation endeavours a rocket-sized boost and for innovators to get their teeth stuck into fascinating challenges is with IdeaConnection’s public challenges platform. One of our current public open innovation challenges is being hosted on behalf of the University of Iowa and it’s asking solvers to develop an analytical model that will help identify the best-performing stocks over time.

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Mattel’s New Open Innovation Portal

IdeaConnection

Mattel, Inc, the American multinational toy manufacturing company is now embracing open innovation in a big way. Now the company’s doors are wide open to external input. The move to open innovation follows a sales dip over the last three years, and to boost revenue and profits, Mattel wants to focus on its innovation pipeline. For more details and to submit an idea, click here for Mattel’s open innovation portal.

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Corporate Open Innovation Portals: An Active Part of an Open Innovation Strategy

Yet2

As part of the Open Innovation movement, many companies now actively solicit technical solutions, products and business ideas from innovators, customers, suppliers, and the broader marketplace of technology providers. Some companies have begun utilizing structured innovation submission programs, typically implemented through their corporate websites. Read more in yet2’s Corporate Open Innovation Portals 2017.

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Protecting Forests via Open Innovation

IdeaConnection

The internet and cheap air travel may well have made the world a smaller place, but there are still many uncharted areas, which we now know a little bit more about thanks to open innovation. Researchers are keen to point out that the open innovation project “discovered” new forests in the sense that Columbus “discovered” the New World. Open Innovation Global Forest Watch mapping drylands forests World Resources Institute

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New Open Innovation Platform for European Farmers

IdeaConnection

Farmers in Europe are set to receive open innovation help for implementing climate-smart agriculture policies and practices. This week saw the launch of Agrisource, Europe’s first open innovation platform for climate-smart agriculture (CSA). Powerful Open Innovation Support. The intention is for the open innovation platform to become a key resource for those seeking information or who want to innovate with CSA methods.

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A Profile of Open Innovation Managers in Multinational Companies

InnovationManagement

Open innovation is widely used in large companies and we know increasingly more about how to manage this process. In contrast, we know virtually nothing about the managers and practitioners who are driving open innovation in large companies. Who are the managers operating in open innovation teams or units? How long do they stay in an open innovation job, and what is their tenure in the company?

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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.