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6 Don’ts For An Open Innovation Winning Formula

PlanBox Innovation

Open innovation (OI) can be a powerful approach for organizations to find groundbreaking ideas, develop new products and solve difficult problems. I have been involved in hundreds of open innovation projects — I have seen huge successes and, of course, many failures. Don’t Do it Once. Don’t Do it Yourself.

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10 Tips for Dealing with Employee Recruitment and Retention

InnovationManagement

The post 10 Tips for Dealing with Employee Recruitment and Retention appeared first on InnovationManagement. In September, McKinsey released a report describing the “Great Attrition,” a recent wave of cross-sector resignations we have witnessed throughout the world, primarily based on the exhaustion of employees due to the pandemic.

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11. To Compete or Not To Compete (part 2)

Stephen Shapiro

Here is the continuation of Tip 11 from Best Practices are Stupid. In it, I talked about competitions vs collaboration. Although this is true for group brainstorming sessions, when using other forms of innovation (such as open innovation), this factor tends to have a reduced impact.

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Open Banking: what changes in terms of our relationship with money?

mjvinnovation

Open Banking will bring about data sharing, and consequently, open competition. Our tip is: roll up your sleeves because it’s time to transform your bank’s business model! Our tip is that banks start diving into these regulations to have the tools needed for Open Banking. New business models.

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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. Join 20,000+ innovation and R&D leaders. Subscribe to yet2? Related Posts.

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How to Keep Innovating in an Economic Downturn

Innov8rs

To answer these questions and help you better deal with the situation, we wrote this article that aims to explain why innovation in an economic downturn is key not just for survival, but for long-term success, and how to go about it. Why is Innovation Essential During an Economic Downturn? So, without further ado, let’s get to it.

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3 Unexpected Benefits of employing an Innovation Management initiative

Qmarkets

Organisations are now choosing to adopt idea management systems for a number of reasons, from process improvement and incremental innovation to radical and open innovation. Qmarkets tip : To really engage employees, set a challenge asking for suggestions for engagement initiatives. Socialisation.