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Examples of Businesses navigating complexity by fostering Ecosystems.

Paul Hobcraft

Procter & Gamble (P&G): Approach: P&G has embraced open innovation and collaboration with external partners. Still, it is all about opening our thinking to the Business Ecosystem in thinking and design that can make a real, sustaining difference in managing in today’s more complex and challenging environment.

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How Effective is Open Innovation?

100%Open

For example, this month’s tool in the spotlight is 100%Open Innovation Metrics. Many organisations now have the opportunity to look back at their open innovation programmes with an appraising eye. Does it result in faster innovation, more profit or higher scientific value? How open is your organisation ?

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A Quick Guide to Open Innovation Crowdsourcing Challenges

ITONICS

The power of the crowd is increasingly being recognized as a potent tool in problem-solving and innovation. This article delves into the nature of crowdsourcing and its advantages over internal innovation and offers insights into engaging a solver crowd and identifying the best ideas.

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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. But not every company that engages in OI enjoys the same success; there are many reasons why. Don’t Do it Once. That way, all lessons learned are applied to your next moonshot!

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From Consumer to Collaborator: A Look at Open Innovation

IdeaScale

This is more than just a way to better understand who shops with you, though; with the right platform, it can be a source of powerful innovation. What Is Open Innovation? Traditionally, innovation in companies has been “closed.” When Should I Use Open Innovation? How Should I Use Open Innovation?

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Optimising Your Return on Open Innovation

100%Open

The key word here is OPEN. .” ” As HeroX have noted in their blog post reflecting on the interview, there are five main points that came across during the Twitter Space: 1 – Open Innovation metrics are possible. 3 – Open Innovation gets you ahead of the competition.

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Three Interesting Examples of Crowdsourcing in the Financial Sector

IdeaScale

While open innovation and crowdsourcing are incredibly popular in other industries, the financial industry is necessarily more conservative about the technology it uses and the consumers it listens to. Open Innovation As Customer Service. Community Engagement. Crowdsourcing can add up in surprising ways.