From Consumer to Collaborator: A Look at Open Innovation

IdeaScale

This is more than just a way to better understand who shops with you, though; with the right platform, it can be a source of powerful innovation. What Is Open Innovation? Traditionally, innovation in companies has been “closed.” Open innovation reverses this by laying out the project, the process, and the goal to other companies, or the wider public, and welcoming ongoing commentary and discussion. When Should I Use 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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The Unexpected ROI of Open Innovation Portals

Yet2

yet2 recently sat down with senior Open Innovation leaders at Unilever, Mondel?z, z, PepsiCo, and Colgate-Palmolive to discuss how these organizations leverage Open Innovation Portals as part of an overall innovation strategy.

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?

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

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. More and more corporations seek to engage with startups by pursuing corresponding activities across dedicated ecosystems and incorporating them. Recently, Match-Maker Ventures and Arthur D.

The Open Innovation Methods Matrix – Part 1

100%Open

When it comes to open innovation, knowing where to start or what to do next can often be the hardest decision. To counter this, we have produced a simple tool (below), which is based on our range of practical experience, to show the most common and relevant methods to successfully innovate openly. Additionally, the value of opening up is very different depending on which stage of the innovation process you are at (the Y-axis).

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 24: Open Data.

NASA Announces Winners of Open Innovation Robot Contest

IdeaConnection

When NASA wanted help for the design of its next robot it knew just where to go for innovative insights – the crowd. The space agency launched an open innovation competition to design an arm for a space robot named Astrobee, and the first winners have just been revealed. NASA held the open innovation contest for the robotic arm because it wanted to gather novel engineering ideas from around the world. Open Innovation Astrobee NASA and open innovation

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.

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.

DigitalBasel Launches Open Innovation Challenge on Qmarkets Platform

Qmarkets

DigitalBasel and Qmarkets have combined forces to demonstrate the power of crowdsourcing and collaborative innovation. The system will be kept open until May 2021, when the winning ideas will be announced and selected for pitching to a panel of experts.

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. You need a strong cyber scouting tool that challenges and engage your target collaborators as well as filters ideas to assure the best concepts are captured. This system should also provide intellectual property protection for both the organizations and the external collaborators. Innovation Integration.

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?

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.

Startup Engagement in Corporate Innovation

Integrative Innovation

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. More and more corporations seek to engage with startups by pursuing corresponding activities across dedicated ecosystems and incorporating them in exploration units along with internal ventures.

Change Management and Open Innovation: Know the Pillars of Digital Transformation

mjvinnovation

In this article, you’ll see how this as well as open innovation are at the base of Digital Transformation. Open Innovation and Change Management: the challenge of change in organizational culture. Open Innovation is inherently a proactive and optimistic strategy.

Idea Management Software Streamlines Open Innovation

eZassi

Idea Management Software Streamlines Open Innovation. “Open innovation is 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.” ” https://en.wikipedia.org/wiki/Open_innovation. Traditionally, innovation was a closely guarded secret. Traditional Companies Are Moving Toward Open Innovation.

Open Innovation: How the United Nations is Changing the World by Collaborating with It

Planview

To better understand complex and connected challenges in the developing world, the United Nations (UN) , the international organization tasked with bringing nations together, turned to Spigit to power their open innovation challenge , #SDGInsights. SDGInsights is one of many idea challenges open to the public the UN has ran since launching their ideation program, Unite Ideas. Why is the UN leveraging open ideation? Collaborating with the world.

Designing an Innovation Management Event – Part 1: Laying the Groundwork to Engage Your Community

HYPE Innovation

Collaborative innovation skills to be precise. Because, as I hope you realise by now, the terms “innovation” and “collaboration” are not mutually exclusive. Innovation Culture Collaboration Innovation StrategySummer is not only an ideal time to catch up on some reading (maybe you remember Tim’s list from March), but also a perfect time to catch up on some skills.

Do’s and Don’ts of Open Innovation

eZassi

Open innovation allows organizations to harness the creative efforts of others, both across the globe and in the office down the hall. The OI process is one that inspires and engages creative thinkers and transforms them into collaborators. Follow those same principles and engage outside collaborators by looking at the value of the information received rather than who contributed it. Engage Your Targets. Open Innovation

Using Innovation to Improve Your McKinsey Organizational Health Index Score

InnovationManagement

The post Using Innovation to Improve Your McKinsey Organizational Health Index Score appeared first on InnovationManagement. 2020 proved just how important our relationships to banks and credit unions are as they worked to rapidly respond to the changing financial needs of their customers.

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. As a matter of fact, today it is very difficult for a company to innovate individually. The way is to focus on core competencies and to collaborate with external entities such as other companies, universities, research centers, etc. This is how “ Open Innovation ” was born.

What Innovation Funnel Should I Use?

InnovationManagement

After a decade working in innovation, I think many of us are sick and tired of seeing a funnel on another slide at an innovation conference. The post What Innovation Funnel Should I Use? appeared first on Innovation Management.

Wazoku acquires US open innovation leader InnoCentive and raises additional £1.25M to support global growth

Wazoku

Idea management scaleup creates unique proposition for crowdsourcing, idea management and open innovation on one platform London, United Kingdom. Wazoku now provides the world’s biggest innovation community and broadest innovation offering.

Is open innovation ‘business infidelity’?

100%Open

One of the activities that we do is run p ublic open innovation calls so that businesses can find each other and collaborate. A recent discussion with Michel Fruhling at BFS Innovations has prompted us to re-examine this open innovation approach and compare it to relying on a company’s existing relationships and supply chain. We always advise to start by making sure that your existing partners are part of any innovation network that we create.

3 Open Innovation Reports You Need to Read Right Now

Planview

In the open innovation space, one regularly leads to the other. Read these three in-depth industry reports to find out the new rules of the collaborative economy, why the United States is leading the way in turning customer feedback into innovative products, and what challenges are soon to crop up in crowdsourcing. The New Rules of the Collaborative Economy. Companies Leverage Open Innovation Better than China.

5 Things You Need to Know About Collaborative Innovation Software

Planbox

Collaborative innovation software brings purpose, focus, and structure to collaboration to help you turn ideas into commercial value. Understanding the importance of collaboration really is a no-brainer: people and business units alike need to share information and work together.

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.

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.

10 Do’s & Don’ts for Open Innovation Competitions

100%Open

We were asked recently by a new client what our top 10 Do’s and Don’ts are for running open innovation competitions, based on our experience including the UBS Future of Finance Challenge , Unilever Foundry Ideas Challenge , Colombia CO4 Open Innovation Competition , and Ordnance Survey GeoVation Challenge. So before launching any kind of open innovation programme be very clear about why you are doing it.

16 metrics for tracking Collaborative Innovation performance

Hutch Carpenter

In a recent PwC survey, 61% of CEOs said innovation was a key priority for their company ( pdf ). Innovation efforts come in a variety of forms: innovation and design labs, jobs-to-be-done analysis, corporate venturing, distributed employee experiments, open innovation, TRIZ, etc. In this post, I want to focus on another type of innovation initiative: Collaborative Innovation. Ideas matching the innovation appetite of the organization.

That sudden surge within the crowd

Paul Hobcraft

Crowdsourcing today is being used across many challenges that are tackling social issues, global concerns, individual community or organizational questions that need “our” opinion and engagement. Sequencing Being systematic for ideas breaking down the value of an idea broaden out where ideas come from idea management ideal process for innovation process engagement open innovation and collaborations the Idea to commercialization concept The Power of Global Collaborative Innovation

The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

The use of crowdsourcing : the goal for me, is to engage and move the crowd towards a new direction, by encouraging out individual thinking and discovery, searching for combining these contributions; ones that lead to novel, new answers that move a challenge forward into a solution, one that has improved value over the existing. Crowdsourcing does offer increasing value as a contributor into our innovation management system. So is the art of engagement with the crowd.

The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

The use of crowdsourcing : the goal for me, is to engage and move the crowd towards a new direction, by encouraging out individual thinking and discovery, searching for combining these contributions; ones that lead to novel, new answers that move a challenge forward into a solution, one that has improved value over the existing. Crowdsourcing does offer increasing value as a contributor into our innovation management system. So is the art of engagement with the crowd.

Charleston Police Department Launches Digital Citizen Engagement Platform

Qmarkets

Community engagement has been a major challenge across the nation during the COVID-19 pandemic. With a client base that includes large companies such as Ford, Intel, and PMI, Qmarkets is regarded as a leader in the field of idea and innovation management.

Digital Civic Engagement in the age of Covid-19, BLM, and Economic Recovery

Qmarkets

This year has given communities a lot to say and governments’ plenty to address, pushing civic engagement into the front of many minds. Why Exactly is Civic Engagement Important? This graph from the OECD represents the main objectives on why countries adopt open government strategies.

Digital Civic Engagement in the age of Covid-19 and Black Lives Matter, and Economic Recovery

Qmarkets

This year has given communities a lot to say and governments’ plenty to address, pushing civic engagement into the front of many minds. Why Exactly is Citizen Engagement Important? Expanding participation to include the marginalized will positively increase an engaged citizenship.

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.

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.

So Are You Thinking Crowdsourcing?

Paul Hobcraft

The ability to build a greater collaboration gets ‘beaten’ back by these strongly held views that overshadow the other voices you are wanting here. How do you deal with potential plagiarism, intellectual property rights or those deliberately seeking funds or engagement for their means? You can research the choices fairly well, prior any engagement with a little researching. A climate of trust comes from this dedication and empowerment, and openly engaging within communities.

So Are You Thinking Crowdsourcing?

Paul Hobcraft

The ability to build a greater collaboration gets ‘beaten’ back by these strongly held views that overshadow the other voices you are wanting here. How do you deal with potential plagiarism, intellectual property rights or those deliberately seeking funds or engagement for their means? You can research the choices fairly well, prior any engagement with a little researching. A climate of trust comes from this dedication and empowerment, and openly engaging within communities.

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.