Calculating the ROI of an Idea: Ideas That Saved Time

InnovationManagement

Crowdsourcing and open innovation initiatives are vital by bringing vast stakeholders together to share ideas on complex problems and opportunities. Much of the focus is set on engaging the crowd yet deciding which ideas to take a risk on requires data on the likely impacts and costs.

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Three Flavours of Open Innovation: breaking down institutional boundaries through the X-Factor, Speed Dating, and iOT

Imaginatik

A great deal of activity has been happening under the topic of ‘open innovation’, however we have found very different initiatives launched by our clients that challenge a common definition of the term. From this cross-client perspective we understand a broad set of practices and ambitions for open innovation, which we can begin to place in patterns of approach or flavours. We have just peeked at three different flavours of open innovation.

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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.” Open innovation reverses this by laying out the project, the process, and the goal to other companies, or the wider public, and welcoming ongoing commentary and discussion. When Should I Use Open Innovation?

Boeing Engaging Employees via Open Innovation

IdeaConnection

When Boeing wanted fresh ideas on how to spend $100 million, which was the result of the benefits of tax reform legislation it turned to open innovation. The American multinational corporation solicited ideas from its workforce via surveys and mobile “ideas stations” Open innovation is not just for attracting external smarts and ideas. Employee Engagement. Boeing is currently processing all the data and will implement programs this year.

The Open Innovation Methods Matrix – Part 1

100%Open

When it comes to open innovation, knowing where to start or what to do next can often be the hardest decision. To counter this, we have produced a simple tool (below), which is based on our range of practical experience, to show the most common and relevant methods to successfully innovate openly. Additionally, the value of opening up is very different depending on which stage of the innovation process you are at (the Y-axis).

Technology Scouting Software for Open Innovation

eZassi

Consumer demands have never been higher, and large organization who don’t innovate will eventually die (think of Blockbuster or Xerox). Large organizations like these can no longer exclusively rely on the internal R&D team or employee base to produce the product innovation and insights that will keep them in the game. Enterprises are increasingly turning to open innovation for their product development strategy. Open Innovation Technology

Idea Management Software Streamlines Open Innovation

eZassi

Idea Management Software Streamlines Open Innovation. “Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology.” ” https://en.wikipedia.org/wiki/Open_innovation. Traditionally, innovation was a closely guarded secret. Traditional Companies Are Moving Toward Open Innovation.

3 Open Innovation Reports You Need to Read Right Now

Planview Spigit

In the open innovation space, one regularly leads to the other. Read these three in-depth industry reports to find out the new rules of the collaborative economy, why the United States is leading the way in turning customer feedback into innovative products, and what challenges are soon to crop up in crowdsourcing. Companies Leverage Open Innovation Better than China. that are taking innovation initiatives to heart.

That sudden surge within the crowd

Paul Hobcraft

Crowdsourcing today is being used across many challenges that are tackling social issues, global concerns, individual community or organizational questions that need “our” opinion and engagement. Sequencing Being systematic for ideas breaking down the value of an idea broaden out where ideas come from idea management ideal process for innovation process engagement open innovation and collaborations the Idea to commercialization concept The Power of Global Collaborative Innovation

The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

The use of crowdsourcing : the goal for me, is to engage and move the crowd towards a new direction, by encouraging out individual thinking and discovery, searching for combining these contributions; ones that lead to novel, new answers that move a challenge forward into a solution, one that has improved value over the existing. Crowdsourcing does offer increasing value as a contributor into our innovation management system. So is the art of engagement with the crowd.

The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

The use of crowdsourcing : the goal for me, is to engage and move the crowd towards a new direction, by encouraging out individual thinking and discovery, searching for combining these contributions; ones that lead to novel, new answers that move a challenge forward into a solution, one that has improved value over the existing. Crowdsourcing does offer increasing value as a contributor into our innovation management system. So is the art of engagement with the crowd.

10 Do’s & Don’ts for Open Innovation Competitions

100%Open

We were asked recently by a new client what our top 10 Do’s and Don’ts are for running open innovation competitions, based on our experience including the UBS Future of Finance Challenge , Unilever Foundry Ideas Challenge , Colombia CO4 Open Innovation Competition , and Ordnance Survey GeoVation Challenge. So before launching any kind of open innovation programme be very clear about why you are doing it.

How Ideas Flow Through a Structured and Open Innovation Software

eZassi

We’ve wrote about the open innovation software process before, but understanding how ideas move through that process is very important from a couple of perspectives, depending on which style of innovation you move forward with; internal or external. Open Innovation. The first style of an innovation process we should talk about is the open style. Structured Innovation.

So Are You Thinking Crowdsourcing?

Paul Hobcraft

How do you deal with potential plagiarism, intellectual property rights or those deliberately seeking funds or engagement for their means? You can research the choices fairly well, prior any engagement with a little researching. A climate of trust comes from this dedication and empowerment, and openly engaging within communities. this source: [link].

So Are You Thinking Crowdsourcing?

Paul Hobcraft

How do you deal with potential plagiarism, intellectual property rights or those deliberately seeking funds or engagement for their means? You can research the choices fairly well, prior any engagement with a little researching. A climate of trust comes from this dedication and empowerment, and openly engaging within communities. this source: [link].

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. It can hold a key for us to help solve vexing questions, real challenges, and connect different voices, that builds into a community that can combine and open up the fields of opportunity for new solutions. All in all, if applied carefully it can provide you with a leading edge of innovation knowledge and insight. 6) it can create breakthrough innovation.

Evaluating Crowdsourcing – offering a bright future?

Paul Hobcraft

Crowdsourcing has been growing in interest for some time to change our thinking in innovation discovery. It can hold a key for us to help solve vexing questions, real challenges, and connect different voices, that builds into a community that can combine and open up the fields of opportunity for new solutions. All in all, if applied carefully it can provide you a leading edge of innovation knowledge and insight. 6) it can create breakthrough innovation.

Hunting Innovation: Incorporating Tech Scouting & Corporate Venturing Into Your Internal Innovation Process

Qmarkets

There are many different types of innovation. Some are internal ( involving employees , incremental innovation , etc.), and some are external ( involving customers , open innovation , etc.). Another successful approach to generate and implement innovation is to search for ideas that are at a much later stage in their development – ideas which have evolved into technologies, products, strategies and even companies.

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Six Insights for Innovating Amid Disruption

Yet2

In many ways 2020 defines the idea of disruption: the entire world went into lockdown, markets fluctuate, and every university and R&D department raced to innovate. Six months passed before we started seeing most of the innovations developed directly in response to COVID-19 hit the market.

Hunting Innovation: Incorporating Tech Scouting & Corporate Venturing Into Your Internal Innovation Process

Qmarkets

There are many different types of innovation. Some are internal ( involving employees , incremental innovation , etc.), and some are external ( involving customers , open innovation , etc.). Another successful approach to generate and implement innovation is to search for ideas that are at a much later stage in their development – ideas which have evolved into technologies, products, strategies and even companies.

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Innovation needs the power of completing the 4th Industrial Revolution

Paul Hobcraft

We are facing greater disruption and an increasing innovation pace. The prospect of new innovation potential will eventually work through into the world of Industry 4.0 Innovation is ready for those accelerating and being fully committed to their 4IR journey.

How to Assess Your Innovation Fitness

IdeaScale

There are two types of innovation fitness assessments that you should perform in your organization. Organizational fitness assessments help you understand the health of your innovation strategies as well as whether or not your culture, leadership, employees, and stakeholders are set up for innovation success. Program readiness assessments help evaluate your processes, resources, and goals. Why Innovation Fitness Assessments Are Important.

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15 most important Innovation Theories your company should be using

Idea to Value

Every company says that innovation is important, and that they value the ideas of their people. Yet the problem lies in the fact that so few established companies actually know how to go about getting value out of their innovation ambitions, let alone turning it into profit. In fact, according to some estimates by Doblin , 96% of all new innovations which established companies attempt fail to make a return on investment. Suggested viewing: 12 – Disruptive Innovation.

Cultivating Innovation Agility

Innovation Excellence

Outlining the benefits of adopting a business eco-system accelerates the innovation process, reduces the risks inherent in innovation, and engages the entire organization as “co-ideators” and broader ecosystem in the innovation effort. Continue reading → Creativity Culture & Values Innovation culture education innovation agility Innovation Management Innovation Mindset innovative thinking Leadership Open Innovation

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Opening up our innovation to stay relevant

Paul Hobcraft

Our whole understanding of innovation is changing; there are numerous shifts occurring. We are opening up our thinking in where and with whom, to collaborate. We are evaluating and changing our existing focus from closed (internal orientation) into ones that are having a far more open stance. We are searching for more collaborative innovation (external orientation) combining external partners into more ‘collective thinking’.

We are transcending traditional industry and product boundaries

Paul Hobcraft

Within all the failures to change there still remains inside our existing organizations there is the inability to let go, to open up and share. A more open one built on collaborating, on leveraging, on tapping into low-cost capital presently available and pushing really hard for radically different business model design. Innovation will certainly be one significant part of this, so it will not get any easier; it will be faster, more demanding and a heck of a lot more risky.

Digital Technology MoshPit

Gregg Fraley

New Service Offering for Digital Technology Innovation. Discover Ideas for Long Term and Tactical Innovation Projects. Chicago, IL, August 1, 2018 — The MoshPit Innovation Service is an innovation project discovery service marketed by GFi (Gregg Fraley Innovation). It’s designed to uncover unlikely, but useful, combinations of technologies, products, services, trends, and insights that lead to breakthrough innovation.

Key Issues in Innovation Management – Revisited – Part 1

Tim Kastelle

At the beginning of 2013, Tim Kastelle and I identified four key issues in innovation management for the time to come. From our point of view, all of the issues pinned down at that time have gained significant importance, are being intensively debated and can still be considered cutting-edge for companies to stay ahead in managing innovation. Let’s have a brief look at each of them: Differentiating and integrative innovation concepts. Open and social co-creation.

A New Emerging Practice: Innovation Communications

InnovationManagement

Closed innovation is a thing of the past. Scalable, open innovation as a business practice has yielded the most dramatic and successful results - and communication and connection with your audience is essential to success. By engaging through at least four of eight channels (website, email, social, public relations, partners, events, offline, and beyond), a robust communications process and schedule can yield valuable insights to help you innovate better.

Effective Non-Contact Innovation

100%Open

Union is a club for innovation professionals, hosted by 100%Open, and its aim is to connect people. They are spaces where fascinating and accomplished individuals in the innovation world can come together to make new friends as well as strike up partnerships or find collaborators.

Moving towards a new innovation service model

Paul Hobcraft

The realization that innovation goes way beyond product innovation is a massive hurdle for many of our existing organizations to overcome, certainly in what they are offering today as solutions. This is part two of an extended series on my thoughts on “ moving towards a new way of managing innovation ” that explores the potential for changing the management of innovation. I would suggest on the very way we manage innovation. They are often stifling innovation.

Scaling Up Startups in Corporate Settings

Integrative Innovation

outsourcing’ uncertainty, particularly in early phases of radical/disruptive innovation activities. How is startup engagement organized in corporate settings? Those tools are often organized as independent units or activities within the corporation or are ideally embedded in a single unit dedicated to explorative innovation altogether along with internal ventures. Business model / technology readiness and connection to core processes.

The innovating power of ecosystems and platforms

Paul Hobcraft

Our whole understanding of innovation is changing; there are numerous shifts occurring. We are moving towards a new management of innovation where ‘greater’ collaboration is fueling new business models built on platforms, formed around ecosystems of communities with vested interest, contributing and extracting value. We need to find a new way of doing things differently around innovation and its management. Moving towards an even greater openness.

Jumping to a fresh cycle of innovation design

Paul Hobcraft

I have argued in the past that innovation management needs to radically adjust and needs to be designed differently, it needs to be highly adaptive. In my opinion, it needs to be based on the thinking around the shift from products to solutions, from transactions to building far more value-adding ongoing relationships, from a supplier of product services into highly valued network partnerships, exploring innovation across all options. Where is innovation within this?

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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.

Entrepreneurship or intrapreneurship? What do you think?

The Future Shapers

If you are looking for models on how to manage innovation, I would strongly recommend “ Zone to win “. Because I would maintain that innovation and/or intrapreneurship are crucial for your business survival. Hence “Transforming Legacy Organisations: Turn your Established Business into an Innovation Champion to Win the Future”. The book also starts with the premise that innovation is much more difficult in established organisations than it is in startups.

Gartner: Innovation Management Software Nearing Mainstream Adoption

Planview Spigit

Awesome new ideas are what make an innovation program…well, an innovation program. But it’s the tools you use that help those ideas become reality and bring about tangible returns — tools like innovation management software (and for some, a new way of thinking about innovation altogether). According to the people who spend their time researching this sort of thing, the importance of ‘managing innovation initiatives systematically’ (i.e.,

Applying the Three Horizon Thinking to a Fresh Perspective of Innovation Design

Paul Hobcraft

It is not just for innovation application, that can determine innovation activities. Thinking in different horizons prompts you to go beyond the usual focus of fixing innovation just in the present it provides the connections of the present with the desired future. I recently applied the three horizons thinking to ‘frame’ a new innovation design. In my view, we must go way beyond “open innovation” as we practice it today.

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Ezassi to Attend FEI Boston 2018: What to Expect

eZassi

While there, we’ll be showcasing our innovative platform and processes that have helped our client base increase user engagement, time-to-innovate, number of ideas and, most importantly, quantifying how it affects their bottom line. After working in various industries, we’ve found some similarities that make the innovation process effective and streamlined. Open InnovationWe will be attending the annual FEI Boston 2018 event.

Cultivating an Innovation Mindset

eZassi

Cultivating an Innovation Mindset — Actively Pursuing Innovation. At this point, most businesses are keenly aware that it is imperative to their survival, in a competitive business world, to actively pursue innovation and cultivating an innovation mindset within their organization. The real challenge becomes how to create a culture of innovation where individuals, and the team as a whole, are motivated and inspired to drive the company forward.

What is Innovation Software?

eZassi

What is Innovation Software? Innovation Software Helps Businesses Cultivate and Implement Innovation — Faster. Innovation software is a fairly recent development that was made possible by the rise in popularity of both cloud computing and social sharing platforms. The main goal of this software is to help enterprise level businesses generate and evaluate ideas so that innovation can be cultivated and implemented. How is Innovation Software Used?

Creating A Culture of Innovation Using Innovation Software

eZassi

As companies increasingly recognize the importance of innovation and disruptive solutions to remain competitive, the big question remains: where does innovation come from and how a culture of innovation be cultivated? Contrary to popular belief, existing employees account for the vast majority of innovative ideas and the right software can help unlock innovation while also shifting the entire company culture. Creating a Culture of Innovation.

Disruptive Solutions Mindset 101

eZassi

Please join us as Denise Fletcher , our Chief Innovation Officer, will be a guest speaker on the Coffee Break with Game-Changers radio show, hosted by Bonnie D. Denise will provide insight from her role as Chief Innovation Officer at Xerox and how Ezassi specializes in developing disruptive technology through a unique set of innovation solutions with a disruptive solutions mindset, ever evolving. Advancing Innovation Management. Innovation Thought Leader.