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Open innovation & crowdsourcing resources

Board of Innovation

Open innovation & crowdsourcing resources Open Innovation, crowdsourcing, co-creation… overlapping terminologies to describe a trend towards more open business models and a closer collaboration with customers. On this page we gather a list of inspiring examples.

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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. The free flow, in and out, of ideas and IP promotes innovative ecosystems. Why does open innovation work?

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Shell Gamechanger – A Supertanker of Innovation

Destination Innovation

They encourage ideas from within and without Shell. The criteria they use in evaluating ideas are as follows. Novelty – is the idea fundamentally different? Value – could the idea generate substantial new value? Venturing – a new company is set up to bring the idea to market.

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Exploring frameworks and methods you need to know as an Innovator

Paul Hobcraft

However, Six Sigma and Innovation are both essential for an organization” Where does Triz fit within our growing organizational practices for Innovation? “Will crowdsourcing provide predictable outcomes? Great views, opinions and contributions have been building in a very methodical way.

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Qmarkets Provides Award-Winning Innovation Engine for Hyundai

Qmarkets

Leading automotive manufacturer Hyundai Motor America launched its BIG (Better Idea Generator) campaign – driven by Qmarkets innovation management software. These ideas are then published to the entire organization, which then votes and selects the most promising ones. For press inquiries please contact: Mr.

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Qmarkets Provides Award-Winning Innovation Engine for Hyundai

Qmarkets

Leading automotive manufacturer Hyundai Motor America launched its BIG (Better Idea Generator) campaign – driven by Qmarkets innovation management software. This 12-month campaign incentivizes participants to contribute innovative ideas that have potential to impact the company’s key strategic priorities in positive ways.

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Choosing the right innovation approach for your business

hackerearth

Here’s some data from top UK-based retailers about the top internal and external sources of innovation. Internal innovation teams or labs also use hackathons as an external source of innovation. These open-innovation based models are often combined to achieve the desired effect by companies.