The Secrets to Making Open Innovation Projects Work

InnovationManagement

Open innovation often requires global teams with national culture differences to work together, which presents some challenges. The post The Secrets to Making Open Innovation Projects Work appeared first on InnovationManagement.

How Can Open Innovation Complement Agile?

Innocentive

Agile has taken over and transformed the software industry — you would be hard pressed in 2017 to find development teams who have not implemented at least some of the concepts. Agile principles have even been successfully adopted outside the development world; Agile methods help National Public Radio put together new programming, Saab to produce new fighter planes. Innovation Insights

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Open Innovation at Bouygues – Innovating Across Business Units

Innovation Excellence

Vincent Maret is corporate director Open Innovation at Bouygues Corp. His goal is to drive competitiveness through innovation, leveraging agile methods, fostering open innovation programs, and supporting Bouygues business units in their transformation. Vincent has an extensive experience in marketing, strategy, innovation, project management, telecom and information technologies; as Marketing Manager; deputy R&D director with.

4 examples of open innovation in society

ideas4allinnovation

Open innovation is one of the most agile and effective avenues for transformation, as we have already seen in several examples with large enterprises. Let us use this post to review four public examples of open innovation in society, open to participation from all types of collectives and large groups of people. We can help you and broaden your scope with open innovation. Related content: 5 success stories in open innovation.

Cultivating Innovation Agility

Innovation Excellence

Outlining the benefits of adopting a business eco-system accelerates the innovation process, reduces the risks inherent in innovation, and engages the entire organization as “co-ideators” and broader ecosystem in the innovation effort. Continue reading → Creativity Culture & Values Innovation culture education innovation agility Innovation Management Innovation Mindset innovative thinking Leadership Open Innovation

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

IdeaScale

and How can we change the way we work and the way we interact with our customers, to ensure that we know their needs at all times to respond in an agile and fast way? 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, successful innovation management goes beyond the research and development department. Don’t leave innovation to chance.

4 examples of open innovation in society

ideas4allinnovation

Open innovation is one of the most agile and effective avenues for transformation, as we have already seen in several examples with large enterprises. Let us use this post to review four public examples of open innovation in society, open to participation from all types of collectives and large groups of people. We can help you and broaden your scope with open innovation. Related content: 5 success stories in open innovation.

6 Don’ts For An Open Innovation Winning Formula

Planbox

Open innovation (OI) can be a powerful approach for organizations to find groundbreaking ideas, develop new products and solve difficult problems. I have been involved in hundreds of open innovation projects — I have seen huge successes and, of course, many failures.

Why Cultivate Innovation Agility?

Innovation Excellence

I was at a committee meeting recently and one of the guiding principles adopted by the team was “agile decision making – the 80:20 rule”. When I inquired as to what “agile decision making” actually meant, I was informed that it meant accelerating planning by making fast decisions that did not need to be “perfect”.

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Startup, Corporate Venture, Open Innovation Hubs: Find out what the differences are

mjvinnovation

What are open innovation hubs? Startup, Corporate Venture, Open Innovation Hubs: who is who in the world of digital transformation. It is in this context that terminologies such as Startup, Corporate Venture and Open Innovation Hubs arise. Open Innovation

7 Steps to Reconcile Co-Innovation and Confidentiality: How Secret Should Your Co-Innovation Transformation Be?

InnovationManagement

In an increasingly competitive, connected and globalized world, co-innovation and value co-creation have recently become the norm for all R&D projects from startups to large organizations.

Open Innovation: definition, what types and benefits

mjvinnovation

We could summarize open innovation as the use of inflows and outflows of knowledge to accelerate internal innovation and expand markets. Keep reading to understand in depth what open innovation is and how it can be used in your business! The open innovation concept. According to the author, it is the use of intentional knowledge flows to accelerate internal innovative power and expand markets for external use of innovation.

Electrolux to Launch an Open Innovation Factory

IdeaConnection

In a move designed to accelerate innovation in its manufacturing processes and boost product development, Electrolux is launching the Electrolux Innovation Factory. The Swedish multinational home appliance manufacturer aims to provide an agile, open environment where ideas can flourish and be turned into marketable products. It will be somewhere customers, incubators, startups, universities, SMEs and other partners can innovate together in a shared space.

Innovate or Die: Open Innovation and 4 Key Measures to Stay Alive

Innovation Walk

Companies commonly used to assume the best route to innovation was to control processes by keeping all data and knowledge internally and hiring the best employees. These are generally known by their agility and fast implementation of their products or services, giving them a great growth potential. The major challenge is then for large companies, usually built on cumbersome processes and lack of agility. This is how “ Open Innovation ” was born.

Cooperation for Innovation

Innovation Excellence

The trick is to find another party that is complementary in product, market or brand, collaboration Creativity Innovation Leadership Open Innovation Strategy agile business innovation designOne of my Polish agricultural machinery clients was having a hard time. His budget for marketing had been halved, even though his sales targets were maintained at growth rate. I had a lengthy conversation with him about options in cooperation.

Creating Structured Innovation

Innovation Excellence

Creating Structured Innovation, or How can you lead a successful programme? Here are a few lessons about creating an innovation culture, turning user-centric, agile, open, and global, and letting innovation finds its flow! Continue reading → Design Innovation Leadership culture agile global Imagine with Orange Multifunctional Open Innovation Orange platform Portfolio Start-up User centric design

Platforms Are Transforming How We Need To Compete

Digital Tonto

We now need to design our organizations for agility, empathy and interconnectedness, rather than for scale, dominance and efficiency. All Posts Management Technology Innovation Open Innovation PlatformsRelated posts: Platforms Are Eating The World. The New Age Of. [[ This is a content summary only. Visit my website for full links, other content, and more! ]].

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Tune-In To Taster Tools On Thursday

Gregg Fraley

The 30 minute weekly webinar features demonstrations of various facilitation tools for: strategy, challenge clarification, idea generation (aka brainstorming), problem framing, idea selection, innovation projects, and idea development, etc.

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Six Insights for Innovating Amid Disruption

Yet2

In many ways 2020 defines the idea of disruption: the entire world went into lockdown, markets fluctuate, and every university and R&D department raced to innovate. Six months passed before we started seeing most of the innovations developed directly in response to COVID-19 hit the market.

Creating structured innovation

Rapid Innovation in digital time

I will handle a Discussion Group on Sept 22nd in London at Service Delivery Innovation Summit, and it is about Creating Structured Innovation, How can you lead a successful programme? In perspective to this event, I gave an interview to … Continue reading → Digital & Media Innovation Agile API Culture of innovation Innovation team Innovative culture One-roof team Open Innovation Start-up Telcos User-Centric Design

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.

A Remote Retrospective – WFH Learnings

100%Open

Feeling grounded in myself and my work has become the trunk from which the supple and agile branches of my ever-expanding tree grow. The post A Remote Retrospective – WFH Learnings first appeared on 100%Open. Learnings from 2 years of working with remote teams.

100%Open Past and Future

100%Open

A Reflection on 10 Years in Open Innovation. When 100%Open was spun out of Nesta 10 years ago, open innovation was interesting. Of course, proprietary innovation is the lifeblood of large companies. The business case for open innovation .

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Nine Short Innovation Lessons from Lego

Destination Innovation

Lego is now revered as one of the most innovative and successful companies in the world. Lego was an early adopter of a concept which is now all the rage in innovation circles – the minimum viable product. Collaborate to innovate. Innovative use of Video. He transformed the culture into a creative, agile and rapid hothouse of innovation. Five Sustainable Innovation Practices that saved Lego – Leadership Network.

Opening up our innovation to stay relevant

Paul Hobcraft

Our whole understanding of innovation is changing; there are numerous shifts occurring. We are opening up our thinking in where and with whom, to collaborate. We are evaluating and changing our existing focus from closed (internal orientation) into ones that are having a far more open stance. We are searching for more collaborative innovation (external orientation) combining external partners into more ‘collective thinking’.

We are transcending traditional industry and product boundaries

Paul Hobcraft

If they get the factors right, hit the needs of customers in their design, understanding, agility in responding to learning and adapting, ability to be fast to market and capable of scaling up really fast, then they transform spaces, leaving the established players desperately struggling to find answers and catch up. Within all the failures to change there still remains inside our existing organizations there is the inability to let go, to open up and share.

Innovating Through Vertical Expert Networks

Imaginatik

This condition of covert expertise is no longer being tolerated by both corporates, who are never ceasing to find ways of monetising assets, nor independent domain experts, aggressively seeking a piece of ‘upside’ to their innovative ideas rather than remaining content with being a sunk cost to ‘the suits’. These VENs are a specialized form of the topic of ‘open innovation’ that we’ve described in previous blogs. Open Innovation

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From our point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. Open and social co-creation.

What is API, and how to use it in your business?

mjvinnovation

The use of these interfaces as we know them today, based on open protocols, is recent and took shape almost three decades later. To contemplate open source enthusiasts, at the end of the text, there is a contextualization about the value of these programming interfaces for Open Innovation!

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Startup Engagement in Corporate Innovation

Integrative Innovation

From an innovation perspective, the ultimate objective is to validate promising initiatives and selectively scale them up in order to adapt or even renew the existing core business. Recently, Match-Maker Ventures and Arthur D. Little have released an interesting report, titled “ The Age of Collaboration “ The study does a good job in synthesizing the global state of play of corporate-startup collaboration and latest findings on success requirements for its implementation.

The Innovation Imperative

Gregg Fraley

The Innovation Imperative… growing innovation culture and capacity. If you want an organization to survive, you must innovate. But innovation is more than survival, it’s the heart beat of an organization. In this inspirational speech Gregg Fraley answers the Why Innovation question, and informs as to what innovation means to you and your group. It advocates that innovation is an exciting part of everyone’s job, not “extra work.”

Scaling Up Startups in Corporate Settings

Integrative Innovation

outsourcing’ uncertainty, particularly in early phases of radical/disruptive innovation activities. Those tools are often organized as independent units or activities within the corporation or are ideally embedded in a single unit dedicated to explorative innovation altogether along with internal ventures. However, startup engagement is also increasingly used for tapping into entirely new markets or technologies as well as spotting disruptive innovation opportunities.

Change the Bank: banking industry rules are changing

mjvinnovation

Open Banking is a game-changer that alters the entire configuration of the banking sector. After that, we move to the next level: Open Banking. These particles will connect throughout the Open Banking framework. After that, it’s on to Open Banking. Agile Mindset.

Digital Technology MoshPit

Gregg Fraley

New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). It’s designed to uncover unlikely, but useful, combinations of technologies, products, services, trends, and insights that lead to breakthrough innovation.

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. It can hold a key for us to help solve vexing questions, real challenges, and connect different voices, that builds into a community that can combine and open up the fields of opportunity for new solutions. All in all, if applied carefully it can provide you with a leading edge of innovation knowledge and insight. 6) it can create breakthrough innovation.

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. It can hold a key for us to help solve vexing questions, real challenges, and connect different voices, that builds into a community that can combine and open up the fields of opportunity for new solutions. All in all, if applied carefully it can provide you a leading edge of innovation knowledge and insight. 6) it can create breakthrough innovation.

UX for banking: journey + usability + technology

mjvinnovation

With the regulation of Open Banking and data sharing by financial institutions, UX becomes an invaluable tool. These institutions quickly access customers, assets, and platforms to maximize flexibility, speed, agility, and learning. Open Innovation Technology

4 Ways to Amplify Digital Innovation in 2018

Gregg Fraley

Learn 4 Ways to Amplify Digital Innovation in 2018. The challenges facing innovation leaders, facing 2018 is — how do you integrate new digital capability? This is not innovation as we once knew it. This is not your Dad’s innovation. It’s not even Your Innovation of five years ago? How do you innovate across your entire value chain? Why is this challenge so different from previous innovation challenges?

Enterprise Level Innovation

eZassi

Enterprise level innovation is the practice of looking beyond the organization’s R&D systems and past its discrete departments, to connect with global collaborators and improve business agility. This practice harnesses the benefits of open innovation to achieve specific enterprise-level goals. Why Enterprise Level Innovation (ELI) Matters. Some of this change is due to mergers and bankruptcies, but a leading cause is market disrupters and innovators.

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Open and Closed Innovation: what are the differences?

mjvinnovation

When we think of Open Innovation, it is tempting to associate it with the opposite of Closed Innovation, the traditional one, generated by our own efforts in organizations, without the aid of external entities and agents. The opening of the business to external innovations comes to broaden the horizons, provide more means to continue developing and competing in a market that demands more and more inventiveness and disruption. What is Open Innovation?

The Billion Dollar Breakthrough You Missed

Gregg Fraley

Why and How are Billions in Potential Innovation Left On The Table? Innovation is Fresh Combinations . Fresh combinations of technologies, processes, materials, people, trends, concepts, and other factors are what creates innovation. From the Reese’s Peanut Butter Cup (chocolate plus peanut butter) to the iPod (MP3 player combined with a buying system, iTunes) nearly any innovation combines existing things or concepts. Are you an Innovation Director?

What is innovation, and how can it benefit your company?

mjvinnovation

For many companies, innovation means taking products and services and changing them in detail: color, shape, features, size, etc. However, this form of incremental innovation alone does not work anymore in many markets. In summary, innovation is always a big challenge – it needs to be understood, first, and foremost. We offer to demystify innovation and show you how your organization can benefit from it, as well as the steps needed to achieve it. Open Innovatio

Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Hence, I gave it some thought, starting by revisting an earlier reflection: Beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From my point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Innovation can’t be tackled through broad-brush recipes or tools.