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Eleven Ways to use Crowdsourcing

Destination Innovation

Ideascale have published a white paper on crowdsourcing which you can download. Design Competitions. You can host your competition and build your brand while simultaneously getting a host of free input. Crowdsourced competitions are a great way to involve your most loyal customers and turn them into evangelists.

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Why you need to co-create to get ahead

Wazoku

Just as we often need help to grow, develop and get to the next stage in our own lives, businesses need help, too, to gain or retain competitive advantage in the marketplace. That’s open innovation. Using open innovation to co-create with different groups of people, creates value for existing departments and teams.

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Best Practices for Strengthening University-Industry Partnerships

Yet2

Universities and startups should very quickly measure their Comparative Value Proposition (CVP), this is a direct and quantitative comparison of their technology’s performance and a cost profile compared to incumbent or leading competitive approaches. View Tim’s presentation in full and download his slides.

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Adaptive Strategy Matrix [Infographic]: exploration vs. exploitation?

Open Innovation EU

However, because of the success of this strategy, there will be a decrease of competition (from your perspective) resulting in external pressure to focus more on exploration. Download infographic. Download the full infographic for an overview of the model: Interesting Insights. A very nervous, and short-term focused market.

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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. What is Open Innovation? The winner is the one who brings innovation to the market first.

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Creating Innovation Connections as the Customer Advocate

IdeaScale

The strong customer advocate knows the landscape, keeps customers top-of-mind, represents the “voice of the customer”, sets expectations around customer value, supports open innovation with customers, and keeps future customers in mind. Support staff to engage in open innovation with customers.

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Infographic – 5 trends that will revolutionize the energy market in the next few years

mjvinnovation

See our infographic below, which is downloadable! To win over 100% of their digital consumers, companies must become increasingly agile and innovative. An Open Energy scenario arises in which micro markets become possible. We need to rethink the business model to be competitive. Energy market: the future is knocking.