Understanding Open Innovation

IdeaScale

Historically, research and development departments within organizations were solely responsible for coming up with innovative ideas. Traditionally, corporate innovation has been an inside job, with few exceptions. The ultimate result is open innovation, the concept that good ideas come not just from within organizations, but from outside them as well. Why Open Innovation Is Emerging as a New Paradigm. Best Practice open innovation

Open innovation resurgence during COVID. Why?

Jeffrey Phillips

There's been a resurgence lately in the concept of open innovation. I'm not quite sure why open innovation as a concept has received more press and more attention lately. It's not as though we have new open innovation methods or mechanisms, or that open innovation has demonstrated more effective outcomes. Rather, I think, open innovation becomes interesting when we are distributed and looking for new ways of working.

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Increase Organizational Resilience and Innovation Through Collaboration

eZassi

But the second challenge is equally important: innovation. ” In fact, resilient organizations and innovative organizations share essential core competencies. Failure is an essential part of the innovation process, so embrace it – but be smart about it.

Seven impacts Open Innovation can have on your bank!

mjvinnovation

It is no coincidence that the financial market, banks specifically, are among the most innovative. The disruptive initiatives that have emerged with external partnerships have kept this sector at the peak of global Innovation. . Keep reading to understand this movement and see what the main benefits of Open Banking are! Why are banks investing in Open Innovation? Those who best exploit Innovation are those who can compete and keep up.

Imaginatik and the Oil and Gas Technology Centre to Co-Present During Poster Session at the World Open Innovation Conference

Imaginatik

Imaginatik will be attending the 5th Annual World Open Innovation Conference (WOIC) in San Francisco, CA on December 13th and 14th. We’ve partnered with our valued customer, The Oil and Gas Technology Centre (OGTC) to develop and submit an open innovation paper describing our work together and the resulting economic impact. When we learned of the topic, we felt compelled to submit our collaborative effort with OGTC. Featured Innovation Blog

Disruptive Energy.

100%Open

By any measure, that was a disruptive statement. Bulb is a new energy supplier in the UK that’s disrupting the energy supplier market. So if you’re a small innovator busting to make meaningful contact with the big power companies, drop us a line. And if you’re a big company working hard to innovate and struggling for impact, get in touch.

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?

4 applications for open innovation

ideas4allinnovation

Open innovation allows organizations to add internal and external resources to their capacity for innovation. Although the most reasonable application of open innovation may seem to be the co-creation of new products and services with different groups of collaborators, the following is a review of some of its other applications. Co-creative design of products and services with external collaborators. Discover our open innovation software.

Coronavirus Crisis Only Heightens the Need for Innovation and Co-Creation

InnovationManagement

Those of us that work in the innovation management sector need no convincing of the benefits that it can bring to businesses and government departments all over the world. Adopting an innovative culture and approach allows an organisation to survive and thrive in the highly competitive modern business world and helps prevent them from becoming irrelevant or even obsolete.

Disrupting 21st Century Corporate Learning

Innovation Excellence

Change Disruption education Innovation change collaboration Entrepreneurship future ideas Innovation Management Innovation Mindset innovative thinking Open Innovation StrategyOur research indicates that business enterprises globally have the opportunity to meet the needs of the modern learner by responding strategically, and speedily to the diverse and complex range of trends impacting corporate learning.

An open innovation success story

Be-novative

We have a particular key learning to share along with an open innovation success story. In a nutshell, she studied the world’s most innovative and creative companies and came to a particular discovery. In her TED talk presentation, she discussed the creative activity that stems from the contribution and collaboration of individuals. Perhaps we can even say that human-centricity is needed more than ever in today’s Age of Innovation.

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. Open Innovation is greatly enhanced in businesses undergoing a so-called digital transformation — business models supported by the adoption of disruptive technologies that transform the consumer experience and the operational processes of companies in addition to influencing business models. Open innovation hubs.

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.

Disruptive Solutions Mindset 101

eZassi

Disruptive Solutions Mindset 101. Please join us as Denise Fletcher , our Chief Innovation Officer, will be a guest speaker on the Coffee Break with Game-Changers radio show, hosted by Bonnie D. The episode is titled “Disruptive Solutions Mindset 101” and will focus on “rapid change forcing today’s visionary business leaders to replace conventional growth models with a Disruptive Solutions mindset.” Disruptive Solutions Mindset. Advancing Innovation Management.

Ideation Collaboration Software – Did you know your innovation software is an amazing collaboration system?

eZassi

Ideation Collaboration Software: Killing three or more birds with one software. We often find that our prospects and clients are amazed that our innovation software platform replaces or can replace what they need in an ideation collaboration software, killing three or more birds with one software. Here’s how… Ideation Collaboration Software: Unlimited collaboration projects. Ideation Collaboration Software: Gamifying Collaboration and Ideation.

How Ideas Flow Through a Structured and Open Innovation Software

eZassi

We’ve wrote about the open innovation software process before, but understanding how ideas move through that process is very important from a couple of perspectives, depending on which style of innovation you move forward with; internal or external. Open Innovation. The first style of an innovation process we should talk about is the open style. How a submitter submits their idea on an open platform is quite different from that of a structured one.

Report Highlights Increased Open Innovation Activity

IdeaConnection

Open innovation is thriving. That’s one of the conclusions of the 2016 State of Innovation Report: Disruptive, Game-Changing Innovation by the Intellectual Property & Science business of Thomson Reuters. 2015 was a Big Year for Innovation. The principle focus of the study, was as the title suggests, the state of innovation. Open Innovation open innovation in pharma the state of innovation

Innovation is a Lifestyle, Not a Bunch of Metrics

Innovation Excellence

Far too many supposed innovation experts believe that measuring activities is critical to success. Innovation activities simply for the sake of doing something without context and insight from the measure may be in fact very misleading. Maybe. Maybe not so much. At least for the big stuff.

The Key Steps Innovation Professionals Should Take in a COVID-19 Environment

InnovationManagement

Obviously COVID-19 is having an enormous impact on all aspects of our lives, with the scope and scale of business disruption being immense and incredibly challenging. But disruption is what innovation people are generally excellent at responding to, so the question becomes - “how do you and your team support your organisations within this environment?”.

Open Innovation Challenge for Encapsulation Delivery Technologies

eZassi

Fernandina Beach, Florida: Disruptive and transformational solutions are at the forefront of innovation. eZassi, a leader in open innovation software, crowdsourcing and idea analytics, announces the launch of a new open innovation challenge, “Delivery Technologies.”. All interested innovators can safely and securely participate online in the Delivery Technologies Challenge by visiting www.ezassi.com/innovation-challenges.

Scaling Up Startups in Corporate Settings

Innovation Excellence

In recent years, an increasing intensity in collaboration between incumbent companies and startups has been observed. Meanwhile, close to 80% of corporations and startups have already been or are collaborating. The mutual – actually complementary – benefits seem pretty obvious: Benefits for startups include availability of office space, hardware, networks, support and potential funding access.

Why is collaboration vital for innovation?

hackerearth

A couple of years ago, there was an article in Forbes which said, “innovation is often produced over time with a lot of collective sweat equity by many people.” It is hard to put it any better—but there is rarely innovation that hasn’t its origins in collaboration. Innovation and collaboration aren’t separate. Collaboration drives innovation and value creation, thereby helping businesses create wealth. Why collaborate. Innovation Managemen

We are transcending traditional industry and product boundaries

Paul Hobcraft

With the dizzy array of choices, combined with technology prowess and ‘plugging’ these into ‘seen’ customer needs, they are setting about disrupting existing businesses and establishing new ones, on an ever-increasing global scale. Markets that are in the hands of the technically savvy entrepreneur are to be sliced, diced and recombined providing totally disrupt existing business models. Innovation is hugely caught up in this transformational change.

Open innovation for social change?—?OECD’s global challenge

Be-novative

Open innovation for social change?—?OECD’s OECD’s global challenge Open innovation is combining internal and external ideas to advance technology, product development, and so much more?—?including In light of Be-novative’s official launch happening for organizations and communities of all sizes, we want to share a social innovation story that happened with the Collective Creativity methodology and technology?—?breakthrough

COVID-19 and Supply Chain: Using AI and 3D Printing to Help Meet Surging Demands

Yet2

The key would be to find innovative ways to deliver what is needed to service customers’ requirements with minimal interruptions. Companies that are innovating in this space are using AI and Big Data to leverage aggregate metrics to create strong predictive models required to return to a normal demand-driven landscape. MIT Media Lab – Cambridge, MA – based research facility that matches disparate research areas to embrace disruptive technologies.

Chasms, Criteria… and Innovation

Innovation Excellence

It describes companies who can innovate in the current business at the same time as creating new business options for the future. Build Capability culture Disruption Finance Innovation Leadership Management Open Innovation Product Innovation R&D Strategy Business Models collaboration Disruptive Innovation growth Innovation Management organizationThe concept of the ambidextrous organization is gaining traction.

Startup Engagement in Corporate Innovation

Innovation Excellence

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. Recently, Match-Maker Ventures and Arthur D.

Digital Disruption: In search of market leadership

mjvinnovation

Digital Disruption has had a major effect on the agendas of CEOs around the world because of domestic digital generations and because of the GAFA (Google, Amazon, Facebook and Apple), companies that have revolutionized the entire market using 100% digital solutions. The Internet of Things , Blockchain, Data Science and Artificial Intelligence are just a few examples of innovations that have come off the drawing board and are already completely changing the way companies do business.

Beat World Cancer: a birdseye view of crowdfunding

Innovation Excellence

Going for an innovative approach, and learning, your thoughts are welcome. Continue reading → Creativity Disruption Open Innovation collaboration marketing Cancer crowdfunding healthcareWelcome to a live Crowdfunding project where you can input your own ideas into the process.

Landscape Monitor for Startups

InnovationManagement

The more disruptive the startup, the higher the level of uncertainty. The post Landscape Monitor for Startups appeared first on Innovation Management. Entrepreneurs deal with high levels of uncertainty; probably more than any other business. Will the customers buy? How do we reach them? Will we be able to sell at a profit? Will our partners do their part? Who is out there that we can learn from? Are there threats that we are unaware of?

How was it for you?

100%Open

100%Open Lead Coach Heli Heartland with her mentee Marli Elizabeth Ritter des Santos, one of Brazil’s leading Technology Transfer Specialists and a pioneering tech researcher. Mentoring in innovation. 100%Open believes that innovation is a team sport. It’s crucial to understand the interpersonal dynamics in play and create conditions for great collaboration. To us this is the foundation of success in any collaboration.

Collaboration in the Time of the Coronavirus: How to Innovate Effectively During a Crisis

Qmarkets

Although we are inevitably seeing the cancellation of business gatherings and events, along with increasingly severe “social distancing” restrictions concerning movement and the sharing of public spaces, this doesn’t mean that innovation at your company needs to be stifled. link] Ironically, the same behaviours that fertilize ideas via innovation management can spread an infection that will endanger it. Our Blog Innovation Management Innovation Strategy

Why Cultivate Innovation Agility?

Innovation Excellence

Culture & Values Feature Of The Week Innovation Leadership People & Skills change collaboration Creativity culture Customers Disruptive Innovation education future Innovation Management Innovation Mindset innovative thinking Management Open Innovation Strategy successI was at a committee meeting recently and one of the guiding principles adopted by the team was “agile decision making – the 80:20 rule”.

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The 9 Rules of Innovation

Innovation Excellence

The truth is that there are many paths to innovation. Continue reading → Feature Of The Week Business Models collaboration Competitive Advantage Disruptive Innovation Innovation Open InnovationSo who deserves credit? Engelbart for coming up with the idea? Taylor and Kay for engineering solutions around it? Jobs for creating a marketable product that made an impact on the world?

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.

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.

Disruption the Innovators Dilemma

HunchBuzz

Clayton Christensen was talking about disruption in 1997 in his book Innovators Dilemma. Within a decade it’s hard to think of of an industry that hasn’t been disrupted or is in all likelihood may only a few months away from a major disruptive force. It’s called disruption. These once powerful institutions, like the aforementioned, are just opening up to the reality of disruption. And no longer can you innovate in isolation.

To Transform Your Business, Do This

InnovationManagement

The young entrepreneurs competed for seed funding and came up with some truly disruptive ideas. Strategies cec collaboration commission for environmental cooperation culture feedback idea management new ideas open innovation transparency trendsWhen the Commission for Environmental Cooperation launched a challenge to the youth of North America , they received hundreds of unique, green business proposals.

COVID-19: Solving challenges and leading through change

Wazoku

There’s no doubt the coronavirus, which causes the disease known as COVID-19, is causing mass disruption around the world. Not all organisations are best equipped to cope with such disruption, leaving many wondering how to respond. For example, Wazoku and InnoCentive use the value of open innovation in conjunction with idea management software to help connect and engage workers focused on solving challenges and managing change.

Five Product Innovations that Evolved Over Time

IdeaScale

The product innovations that generate the most excitement and public interest are the disruptive innovations. However, these innovations aren’t that common. The most successful, innovative companies strike a balance between core, adjacent, and transformational initiatives. To illustrate how this can happen, it’s helpful to look at innovations that evolved over time. Some product innovations aren’t created by the company at all.

Uncertain Times.

100%Open

We’re delighted that 100%Open had its best year ever in 2018 and we’re looking forward to exciting new clients, countries and challenges in 2019. The innovation teams within organisations have a role to play here. One of the key characteristics of an innovator is being comfortable with uncertainty. So back in the boardroom, what are the lessons to learn from the innovation team? We wish you a productive and fulfilling 2019.

Agile 40

Top 10 Posts from the 100%Open Blog.

100%Open

We have published almost 500 blog posts on the 100%Open blog over the last decade. How to Measure Open Innovation Value – The very first 100%Open blog post when we launched 100%Open 8.5 years ago by David making the case that with open innovation, different things matter to different partners so need to be understood and measured separately.