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8 External Innovation Sources You should know

ITONICS

Having looked more closely at a company’s internal innovation sources , we will now examine the most important external sources. Academic and research institutions that run innovation programs funded by the company. Partnerships between companies and universities are one of the key drivers of the innovation economy.

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Pivotal Innovation Management: The Past, Present, and Future of 180° Business Changes

Qmarkets

As increased consumer awareness transforms markets and government policy, and as technology creates so many unexpected shortcuts, I believe that this trend will only continue in the future. An example of this is Volvo and Jaguar Land Rover who both committed to stop selling cars that are powered by internal combustion engines only, by 2020.

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8 External Sources of Innovation

ITONICS

Having looked more closely at a company’s internal innovation sources , we will now examine the most important external sources. Academic and research institutions that run innovation programs funded by the company. Partnerships between companies and universities are one of the key drivers of the innovation economy.

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What is Lean Innovation? Components and Examples

Moves the Needle

In this way, lean innovation and design thinking go hand in hand. When designing something, (ie: a technology, a product, a marketing material…) it is paramount to keep the needs of the end user in mind. Innovation must be tied to the current product lifecycle, technology trends, and the strategic priorities of the company.

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