Remove Crowdsourcing Remove Leadership Remove Marketing Remove Open Innovation
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Why are innovation ecosystems important?

Paul Hobcraft

By leveraging the resources and capabilities of other organizations, the potential to scale the innovation efforts in new ways, across different channels, not open to one organization and give different levels of speed from the establishment and reputations the partners have built up in their respective markets.

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Open Innovation: Your Guide to Harnessing and Managing the Best Ideas

IdeaScale

Open innovation allows everyone to compete equally, whether their development budget is large or small. What is Open Innovation. Open innovation is a paradigm shift that assumes organizations can and should use external ideas as well as internal ideas to determine as path to market and advance technology.

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Organize innovation to fit your strategy & culture.

Leapfrogging

They partner with Silicon Valley startups who have breakthrough technology when they really just want incremental innovation that delivers quarterly results. They force crowdsourcing into their top-down decision-making cultures. These individuals, (technologists, consumer insights experts, marketers, manufacturing specialists, etc.)

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Common Innovation Pitfalls

IdeaScale

I often see first-time innovators bit by the crowdsourcing bug, and they come to us to scratch that itch. “I I heard about this crowdsourcing thing. That’s why a commitment from leadership to truly driving this change is so important. One of the main principles of open innovation is that failure is part of the process.

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Calculating the ROI of an Idea: Ideas That Saved Time

IdeaScale

Crowdsourcing and open innovation initiatives are vital by bringing vast stakeholders together to share ideas on complex problems and opportunities. One of the top innovation management topics I run into is evaluating the Return on Investment (ROI) for an idea. Introduction to ROI.

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If the Door is Shut, Open it. If the Door is Open, Shut it.

Destination Innovation

Open innovation and crowdsourcing take closed doors and open them. They ask all comers to suggest ideas for specific challenges and they collaborate with many outside companies and inventors to bring new products to market. This necessitates a dramatic change in the corporate culture from secrecy to openness.

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Crowdsourcing and Smart City Innovation: A Winning Combination

Qmarkets

The evolving trend of smart city innovation is one that governments should be wholeheartedly embracing, but as with many government initiatives, seems to be having a hard time getting off the ground. Embedding crowdsourcing and innovation management into the smart cities initiative could be what makes the difference.