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Open and Closed Innovation: what are the differences?

mjvinnovation

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. Keep reading to understand what sets open and closed innovation strategies and where their complementing points lie!

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Applying the Three Horizon Thinking to a Fresh Perspective of Innovation Design

Paul Hobcraft

Thinking in different horizons prompts you to go beyond the usual focus of fixing innovation just in the present it provides the connections of the present with the desired future. This needs designing in unique ways, not in rigid processes and structures. Innovation today conflicts with much of our existing organizational designs.

Design 138
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Nine Questions CEO’s Should Ask About Innovation

Gregg Fraley

Nine essential questions CEO’s should be asking about innovation. Are people empowered to innovate? Does your culture support innovation? Are your people trained in innovation process? Do you have the skills, the specific people, you need to innovate? Is your organization doing continuous projects?

Project 74
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Building a case for managing innovation

hackerearth

Companies after companies are getting in place systems and processes to measure and manage their service levels, and then there are trainers and external consultants that bring the desired level of change. Why should innovation be any different? Figure 1: Innovation process map (Courtesy: IDEO).

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Key Innovation Issues for 2016 and Beyond

Integrative Innovation

Another example is the recently introduced strategy framework by Martin Reeves, Knut Haanæs, and Janmejaya Sinha from BCG. Here, dedicated strategies and innovation approaches are defined for different business environments, characterized by the factors predictability, malleability and harshness (see figure below).

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Five Things You Should Measure about Your Innovation System

The Inovo Group

Strategy – This phase establishes the environment within which the innovation system operates. It is critical to the operation of the innovation system, but the activities involved in developing strategy usually take place outside of the innovation system itself (although they shouldn’t).

System 40
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What Are Innovation Solutions?

eZassi

Innovation solutions can also be particular to the innovation industry, which is tasked with partnering with companies to create a culture of innovation and help develop meaningful innovations. In this case, the term can refer to a whole suite of tools that are used to drive innovation within companies.