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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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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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33 Routes to Open Innovation

Open Innovation EU

It has been a while since Henry Chesbrough coined the term Open Innovation and formulated it’s definition: “combining internal and external ideas as well as internal and external paths to market to advance the development of new technologies.” ” ( Chesbrough, 2003 ). Route 3: Spin-off.

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Innovation thinking in Ecosystem and Generative AI design.

Paul Hobcraft

This is a work in progress only, so let’s continue on that journey: Achieving an Ecosystem AI-driven innovation engagement process Thinking through any engagement process, one that is required to break through traditional innovation processes needs to break down the new areas of discovery.

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Technology Scouting Software for Open Innovation

eZassi

Enterprises are increasingly turning to open innovation for their product development strategy. Lafley, CEO of Proctor & Gamble believes “half the company’s ideas must come from the outside.” ” Technology Scouting Allows Organizations to Find Innovators and Solvers. Supply Chain.

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The Innovation Hotline: How Colruyt Group is Championing Intrapraneurship with Collaborative Idea Generation

Qmarkets

We wanted to create a safe environment where ideas could be ‘incubated’ while they were still new and fragile.”. If you want to get the maximum engagement for your platform it’s crucial to make your users feel safe. Out of the 35000 users we have a core audience of around 6,500 users who are highly engaged with the tool.

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Creating Innovation Connections as the Customer Advocate

IdeaScale

The strong customer advocate knows the landscape, keeps customers top-of-mind, represents the “voice of the customer”, sets expectations around customer value, supports open innovation with customers, and keeps future customers in mind. Bring the “voice of the customer” into the decision making and idea generation.