article thumbnail

Top Challenges for Open Innovation and How to Solve Them

IdeaScale

Sometimes an innovation finds you. Innovation works best when it incorporates a broad network of perspectives. Open innovation, where a company invites outside groups such as academic organizations and non-profits to offer ideas to address challenges, can be a superb way to get those perspectives. Efficient Structure.

article thumbnail

Measuring Open Innovation

Innov8rs

This collaborative approach to innovation – also known as Open Innovation – can come in many shapes and sizes. How to measure your corporate’s open innovation activities? Open Innovation: Pros & Cons Corporations can’t always undertake innovation on their own. Joint Ventures (e.g.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to build successful community open innovation networks

Innovation Excellence

Collaborative Innovation Networks (COINs) have mushroomed since the invention of the Internet and cheap mobile communications.

article thumbnail

How to Cut Costs and Still Be Innovative

Leapfrogging

Leverage external innovation. Work with other companies to lower the costs–and the risks–around new product development. This is also known as open innovation, and it can take many forms ranging from idea competitions to longer-term partnerships or equity investments. Rethink waste.

How To 100
article thumbnail

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

IdeaScale

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?

article thumbnail

How Corporations Can Manage New Ventures and University Projects as Extensions of their Advanced Product Development

Corporate Innovation

While these models of advanced work led to so many innovations and created tremendous broad economic value, though not always to the lab’s corporate owner, it is clear that large scale, insulated corporate research is no longer the most common model for entering new markets or developing technologies of the future. What has changed?

article thumbnail

Britney Spears, Oil Exploration and how to help your Company Innovate

IdeaConnection

How can we harness this in the context of a larger organization? In product development, there are typically many stages to the life cycle of a new technology and resulting product. It’s the kindling that ignites the fire of a more innovative company. Why do ideas seem to die on the vine so often?

Company 45