article thumbnail

Implementing Open Innovation: Insights from Ariana Smetana of AccelIQ Digital

Qmarkets

Open innovation is a core strategy for transformative growth amongst a growing number of enterprise companies around the world. AccelIQ Digital is a global consultancy based in Houston, Texas, with a mission to help enterprise businesses unlock the benefits of this outward-looking, collaborative approach to innovation.

article thumbnail

Top Challenges for Open Innovation and How to Solve Them

IdeaScale

Sometimes an innovation finds you. Innovation works best when it incorporates a broad network of perspectives. Open innovation, where a company invites outside groups such as academic organizations and non-profits to offer ideas to address challenges, can be a superb way to get those perspectives.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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.” When Should I Use Open Innovation? How Should I Use Open Innovation?

article thumbnail

What Open Innovation Can Mean for Small Companies

Yet2

“From small to large businesses Open Innovation principles have been and will be used as a relevant innovative strategic and performance tool for companies.”. Explicit in Open Innovation practice is the idea that not everything has to be invented internally. Generate better product ideas, features, or specs.

article thumbnail

Open Innovation News

IdeaConnection

It has been an exciting few days for open innovation with global companies launching big new open innovation initiatives. GE Appliances has launched Giddy, an online social community that connects creators/solvers with businesses that need help with projects and product development. Read more here.

article thumbnail

12 Types of Innovation You Should Know in 2021

IdeaScale

Whether you’re new to innovation or have years under your belt, this simple guide that explains the different types might help. Open Innovation. Open innovation is the concept that, in a world of mass-distributed knowledge, firms can and should partner with others to advance their goals. Closed Innovation.

article thumbnail

Four Open Innovation Techniques

Wellspring

There are four main tactics that organizations commonly use for inbound open innovation; tech scouting, vertical collaboration, horizontal collaboration, and technology sourcing. As a result, companies should consider the pros and cons of each OI tactic.