Ten Top Tips for Success with Open Innovation

Destination Innovation

Traditionally businesses developed all their new products in-house using ideas that came from their Marketing or R&D departments (or sometimes the MD’s pet projects). Increasingly this internal focus is being replaced by a more powerful and effective approach – open innovation (OI). OI involves harnessing the ideas and development capabilities of outside partners to bring new products, services and methods to market quickly and profitably.

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Five Product Innovations that Evolved Over Time

IdeaScale

The product innovations that generate the most excitement and public interest are the disruptive innovations. However, these innovations aren’t that common. The most successful, innovative companies strike a balance between core, adjacent, and transformational initiatives. To illustrate how this can happen, it’s helpful to look at innovations that evolved over time. Some product innovations aren’t created by the company at all.

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Product Innovation the Easy Way: 3 Real World Examples

IdeaScale

Innovation is often presented as a mighty struggle between a lone inventor and a seemingly intractable problem. While this does occasionally happen, more often than not any great innovation is the result of people drawing from those around them for ideas and inspiration. Here are a few examples of companies that set the “lone inventor on a hill” myth aside in favor of real innovation with the help of IdeaScale. The lone innovator can sometimes be useful.

World Open Innovation Conference 2015: Final Program

Open Innovation

Thu 10:30 AM (Salon D): Modes of Open Innovation; Moderator: Marcel Bogers Mehdi Bagherzadeh and Sabine Brunswicker Mix and Match: Preferred ‘Mix of Open Innovation Modes’ for Solving Innovation Problems Roberto Camerani, Stefano Denicolai, Monica Masucci and Giovanni Valentini The Interplay of Inbound and Outbound Open Innovation and its Impact on Firm Performance Saumya Amarasinghe, Kenneth Husted and Frank Siedlok How Revealing is Revealing?

Participation leads to Innovation

Destination Innovation

Spigit is a leading innovation management software company. They recently published a research paper entitled ‘Quantifying a Culture of Innovation.’ They found that four factors were particularly important for success with innovation and growth. They found that focusing on process or product innovation or between sustaining and disruptive innovation made little difference. Quantifying a Culture of Innovation.

Standardization as an open innovation activity

Open Innovation

An important but understudied form of open innovation is the network form (network as defined by Powell 1990). The theme for EURAS 2016 is ‘Co-opetition and Open Innovation’, and so I was invited to deliver the keynote address. The slides for my talk (entitled “How standards research can inform open innovation”) are online at SlideShare. Failed OI Network Strategies Often the research in managing innovation networks (platforms etc.)

TED Global: Open-Source, Open World [video]

Innovation Excellence

Embrace our wide-open shareable future where everything’s hackable and the power of the crowd propels innovation… Massimo Banzi helped invent the Arduino, a tiny, easy-to-use open-source microcontroller that’s inspired thousands of people around the world to make the coolest things they can imagine — from toys to satellite gear.

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100%Open Past and Future

100%Open

A Reflection on 10 Years in Open Innovation. When 100%Open was spun out of Nesta 10 years ago, open innovation was interesting. Of course, proprietary innovation is the lifeblood of large companies. The major shift from 2009 to today is that most large organisations have embraced open innovation as mainstream within their innovation, partnering and investment activities. The business case for open innovation .

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Research Opportunities for Network Forms of OI

Open Innovation

At #RnDParis2019 Thursday, I gave a “master class” on the network forms of open innovation: alliances, communities, crowds, consortia, ecosystems and platforms. It was a standing room only session: it appears that there are a lot of innovation researchers (particularly those new in their careers) who want to learn more about this area and the research opportunities. I extended the idea with a chapter in our 2014 book, New Frontiers in Open Innovation.

Game Changers: How Citizen Science and Gamification Are Transforming the Business World

Qmarkets

Today, this audacity is reflected in the rising influence of citizen driven innovation and science – that is, the collaboration of volunteer non-scientists with professional scientists in collecting data and analyzing it to resolve real-world issues. As the general public’s interest in science continues to increase, professional scientists and researchers develop innovative tools to effectively engage crowds. Inform your innovation strategy.

New Year’s Resolution: Catch Up on These Must-Read Innovation Blogs from 2019

IdeaScale

Are you looking for ways to take your innovation strategy to the next level in 2020? Check out our top innovation blogs from 2019 for tips on transforming your product, process, market, and more. Brainstorming is where innovation and product development strategy begin, but sometimes you need a little push to get started. How Does Globalization Impact Innovation Strategy? Did you know innovation can bridge social, cultural, and political differences?

Wazoku partners with InnoCentive to create the world’s most powerful innovation platform and community

Wazoku

Global partnership delivers a unique proposition for any organisation seeking to solve business challenges and drive innovation. Idea management scaleup Wazoku has announced a major new partnership with US open innovation firm InnoCentive , which will create the world’s most comprehensive and powerful innovation platform and community. This combination of market leaders, Wazoku and InnoCentive represents a substantial maturation in the open innovation sector.”.

71 Innovation Methodologies

Open Innovation EU

A while ago I sat down with Machiel Wetselaar & David van Dinther to create a list of innovation methodologies for a course we’re developing. Up to now we’ve gathered 71 different methodologies for implementing innovation in your organization. Innovation Cycle (Avans). New Product and Development Service Process (Hauser). New Product Development Front End (Khurana). Revolutionizing Product Development (Wheelwright & Clark).

We Require A Shift of Innovation Management Solution Providers

Paul Hobcraft

There is still a real reluctance that the supplier of innovation software solutions has to change. I think with the recognition that innovation occurs across the whole organization the innovation management (IM) providers have to radically alter their business model or recognize they need to broaden out their target market inside organizations as innovation is occurring in all corners of the organization today.

3 Innovative Projects with Ideanote to Get '19 Started

Ideanote

What better way to start this new year than to put actions behind words on that innovative organization culture of yours? As an all-in-one innovation platform, Ideanote can be successfully used in a manner of different ways. Open innovation, idea management platform, employee motivation tool – the possibilities are, if not endless, then at least plenty. Happy innovating! And you guessed it, open innovation in an excellent Ideanote project to get started with.

Reviewing research on 3D Printing

Open Innovation

I cited two literatures where I’ve contributed (but much later than others) to finding implications beyond the industry and phenomenon: Open source: Managing online communities; Coordinating, governing decentralized production; Fine-tuning degrees of openness Crowdsourcing: Matching seekers/solvers; Motivating contributors; Optimizing collaboration models How far has 3D printing come so far?

Building upon the four essential pillars for innovation

Paul Hobcraft

It is always welcome to read a thoughtful article that reminds me, no, it actually inspires me, by reinforcing my own belief that innovation is progressing, even if this is sometimes frustratingly slow. The innovation architecture is progressively being recognized and put into place, it’s forming the building blocks of the innovation platform we need to build upon, ones for more radical innovation outcomes. Establishing a Comprehensive Innovation Strategy.

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Everything you need to know about innovation management software

hackerearth

Although enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. What is innovation management software (IMS)? Why do companies need innovation management software? And, thirty-eight percent vs. 22% are very satisfied with the return on their innovation investments. Poor innovation implementation.

Innovation management software: Everything you need to know

hackerearth

Although the enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. What is innovation management software (IMS)? Why do companies need innovation management software? And, thirty-eight percent vs. 22% are very satisfied with the return on their innovation investments. Poor innovation implementation.

DeltaModTech features Innovation Coach Robert Brands

Robert Brands

6 Methods for Innovating in a Highly Technical Field. Statistics indicate that the number of companies that innovate is surprisingly low, despite its potential rewards. Yet there are a number of techniques and processes that can spark innovation in your company, even if you’re in a highly technical field. The business world loves its innovators. MANY VALUE INNOVATION, FEW DO IT. THE “INNOVATION PRACTITIONER” WHO BROUGHT US “INSTANT FOAM” PUMP TECHNOLOGY.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

What is innovation management and why your organization needs it

hackerearth

Understanding Innovation Management. Is it a lack of innovation or an inability to cope with change? Either way, businesses need to identify where they are going wrong because innovation as a business strategy is here to stay. For survival, innovation is almost obligatory (Drucker, 1999). An innovation process “connects upstream idea valuation to downstream production and release to market.” Like any business function, innovation can be managed.

Gartner Research Insights: 5 Innovation Hacks to Boost your Digital Return

Qmarkets

Hackathons, internal innovation programs, open innovation, technology acquisitions…these days it seems like everyone is jumping onto the innovation bandwagon. How is innovation best performed? Can guidelines for innovation be created? The survey presented five key innovation practices which delivered the highest improvements in performance. CROWDSOURCING. Once upon a time innovation was a technique practiced by lone inventors.

Gartner Research Insights: 5 Innovation Hacks to Boost your Digital Return

Qmarkets

Hackathons, internal innovation programs, open innovation, technology acquisitions…these days it seems like everyone is jumping onto the innovation bandwagon. How is innovation best performed? Can guidelines for innovation be created? The survey presented five key innovation practices which delivered the highest improvements in performance. CROWDSOURCING. Once upon a time innovation was a technique practiced by lone inventors.