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Open innovation resurgence during COVID. Why?

Jeffrey Phillips

There's been a resurgence lately in the concept of open innovation. I'm not quite sure why open innovation as a concept has received more press and more attention lately. It's not as though we have new open innovation methods or mechanisms, or that open innovation has demonstrated more effective outcomes.

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Accelerating Innovation During Times of Disruption

Yet2

In the beginning of 2020 business disruption was largely viewed as an “Airbnb” or “Uber” taking mind and market share from industry stalwarts. Today, business disruption is synonymous with COVID-19 closures and the corresponding economic slowdown. Disruption is really about a change in business as usual. And it’s not always bad.

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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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Has innovation changed over the last ten years?

Paul Hobcraft

Innovation ecosystems are networks of organizations and individuals that co-create value through innovation 2. From closed to open : Innovation used to be seen as a closed process, where organizations relied on their own resources and capabilities to innovate.

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Disruptive Is Not a Dirty Word

IdeaScale

Disruptive isn’t a dirty word, but it can be a scary one. Why does the word “disruptive” raise such fear among so many people? Uttering “disruptive” during a meeting can get you looks more along the lines of profanity. At the same time, disruptive innovation is what makes our lives better. Mindful Disruption.

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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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The need for Transformational Innovation

Paul Hobcraft

We have many innovation outcomes to choose from, including incremental, distinctive, radical or disruptive. Today we focus more on open innovation where a greater external diversity combines with internal expertise to generate the potential for something fundamentally different.