Understanding Open Innovation

IdeaScale

Historically, research and development departments within organizations were solely responsible for coming up with innovative ideas. Traditionally, corporate innovation has been an inside job, with few exceptions. The ultimate result is open innovation, the concept that good ideas come not just from within organizations, but from outside them as well. Why Open Innovation Is Emerging as a New Paradigm. Best Practice open innovation

Do You Know What Open Innovation Is?

IdeaScale

In case you hadn’t heard, open innovation was defined by Henry Chesbrough as “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.”. It means that the process of innovation and competitiveness has been democratized. If you want to learn more about open innovation, download our complimentary Open Innovation Guide.

Insiders

Sign Up for our Newsletter

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

Leveraging the Benefits of Open Innovation

IdeaScale

Open innovation is innovation where companies or organizations reach out to other companies, individuals, and the general public to create innovative products and services. Some open innovation partnerships include colleges and universities. The internet has made this type of innovation far more feasible than it once was. Knowledge is widely distributed, and relying solely upon internal research can limit an organization’s innovative capacity.

Best Practice Open Innovation - this is how the best are doing it

Lead Innovation

Open Innovation is the opening-up of innovation process es in order to allow ideas, new technologies or feedback from external partners to flow into the company. Innovation process

Ernst & Young On Measuring Open Innovation

HYPE Innovation

Consider for a moment the following three statements: Innovation results from lucky accidents; The more open the innovation process, the less disciplined; Innovation can’t be measured. If you’re inclined to say: “They’re all truisms!” (= Truths too obvious to mention) I’d pat you on the back and kindly invite you to join us at the next HYPE Innovation Managers Forum in Bonn for two days of enlightening conversations about innovation practice.

Whitepaper: Stimulating and Measuring Open and Cross Innovation 

InnovationManagement

The post Whitepaper: Stimulating and Measuring Open and Cross Innovation appeared first on InnovationManagement.

An Openly Innovative Attitude.

100%Open

As a “newbie” to the innovation sector, I have to admit I had some help from the jargon buster. I’ve also come to understand that open innovation is no longer a novelty concept, rather a part of the culture at the heart of many companies, including Carlsberg , Argos , and Oxfam. This openness is helping them challenge conservative approaches thus, stand out from their competitors. Opening innovation up.

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.

Open Innovation: Overcoming cognitive bias in innovation projects

Innovation Excellence

This is cognitive bias and it is the enemy of innovation. Innovation Open Innovation Processes & Tools Innovation Management Product Management product managersYou’ve likely heard of the curse of knowledge or sometimes it is called the curse of the expert. It occurs when our knowledge leads us down predictable paths, likely not considering other possible solutions to problems but only those that are familiar to us.

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?

Open innovation with consumers: more customization for the masses

ideas4allinnovation

Open innovation with consumers allows companies to open up to sharing ideas , testing and refining them together with large groups of people before they are launched to the market. The consumer’s voice in times of collaborative innovation.

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).

Effective communication is the essence of open innovation

Wellspring

We've practiced agriculture for some 12,000 years, and in that time have continued finding innovative ways to feed a growing population. Dow AgroSciences is very open about the complexity of their R&D pipeline. innovation success innovation management innovation process innovation governance Open Innovation InnovationIndustrial agriculture is a highly complex operation.

Inviting Your Prosumers Into the Innovation Process

IdeaHunt

Inviting Your Prosumers Into the Innovation Process While managing the risks involved In the first post, we introduced the idea or concept of how consumers have changed, morphed thanks to innovation in commerce and technology, into proactive consumers – or prosumers. Corporate Innovation innovation strategy Open Innovation Prosumers

Open Innovation: A 2014 Research Agenda

Open Innovation

One of the main goals of the Chesbrough/Vanhaverbeke/West 2006 book was to shape the research agenda of the open innovation. Our final chapter was immodestly entitled “Open innovation: a research agenda” (West, Vanhaverbeke and Chesbrough, 2006). Since I'm trying to write a short encyclopedia article on open innovation — and want to make it different from my 2011 article — it seemed a good time to review what’s been written recently.

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

10 Commandments of Corporate (Open) Innovation

CREATORS

Yet, they are failing at corporate innovation. We believe that it doesn’t take a lot to do innovation better. Here a few rules companies can adopt instantly to get better at open innovation in no time! Corporate Innovation Rules 1. Create corporate innovation based on best practices, not by copy-pasting competitors’ activities. struggling with innovation the same way as them!?—?to to employ a generic innovation mechanism.

Social Media Integration and Open Innovation Software

eZassi

How many times have you been interested in something online, only to abandon moving forward when you see a cumbersome sign in process, replete with password entry a confirmation email in the way? eZassi integrates with Linkedin, Facebook, and other popular platforms so that with the click of a button, the visitor can “sign-in” and start participating in the open innovation process without creating a username and password and verification email.

Do you have an open innovation strategy?

Open Innovation EU

In today’s business environment, where startups play an increasingly important role and disruptions come from unexpected corners of the business arena, embracing external sources of knowledge as part of an open innovation strategy becomes crucial! Rotterdam School of Management launches a new programme focused on implementing such an open innovation strategy with a particular focus on the role of startups.

Open Innovation: definition, what types and benefits

mjvinnovation

We could summarize open innovation as the use of inflows and outflows of knowledge to accelerate internal innovation and expand markets. Keep reading to understand in depth what open innovation is and how it can be used in your business! The open innovation concept. According to the author, it is the use of intentional knowledge flows to accelerate internal innovative power and expand markets for external use of innovation.

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.

Open Innovation for Startups

IdeaHunt

Opening up the Innovation Process

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. The open innovation initiative generated more than 40,000 ideas from employees across the globe.

The Living Labs Driving Open Innovation in the Public Sector

Innocentive

Open innovation is becoming well established as an important business model. To demonstrate the positive impact this approach can have, we explore three initiatives based on the concept of ‘Living Labs’ – “ user-centred, open innovation ecosystems based on a systematic user co-creation approach integrating research and innovation processes ". Innovation Insights

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.” In the course of time, the terminology surrounding Open Innovation has evolved alongside developments in management literature and practises. Route 4: Collaborative Innovation. Route 12: Open Business.

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.

Achieving Open Innovation Without the Risk By Empowering Your Prosumers with Idea Hunt

IdeaHunt

Empowering Your Prosumers with Idea Hunt Achieving Open Innovation Without the Risk In this series of blog posts, we’ve been talking about the shift from consumers to prosumer, and how you can bring them into your innovation process, without opening yourself up to risk. Corporate Innovation Idea Hunt Innovation idea hunt Open Innovation Prosumers

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.

Finding the limits of open innovation

Open Innovation

In preparing for #AOM2016 and another session on open innovation, one of the potential participants raised the issue of the limits of open innovation. I am certain sympathetic: since 2006, I have noticed “open innovation” used as though it were a sacred incantation or magic pixie dust that somehow could turn lead into gold or gruel into caviar. Still, from this, I would suggest at least two limits on the definition of open innovation.

The Efficiency of Innovation

Innovation Excellence

Innovation efficiency is simply the output produced from the resource invested. Build Capability Culture & Values Innovation Open Innovation People & Skills innovation portfolio innovation process metrics Paradox of Innovation ProcessEffectiveness is doing the right things, efficiency is doing things right. Increasing the former while reducing the latter increases efficiency.

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.

Innovation is a Lifestyle, Not a Bunch of Metrics

Innovation Excellence

Far too many supposed innovation experts believe that measuring activities is critical to success. Innovation activities simply for the sake of doing something without context and insight from the measure may be in fact very misleading. Maybe. Maybe not so much. At least for the big stuff.

Developing and Maintaining Innovation Networks

Wellspring

Maintaining an innovation network is easier said than done. With 150 scientific articles, 720 patents filed, and 80 startups founded every 30 minutes, even the most lavishly staffed innovation teams cannot parse this level of data. innovation success innovation management innovation process Innovation Open Innovation software Open Innovation

Data 43

Why the Test & Learn Approach Does Not Work

Innovation Excellence

The in-market test & learn approach to innovation is becoming increasingly common, because it meets the cultural needs of modern businesses to behave entrepreneurially. Consumer Innovation Innovation marketing Open Innovation Processes & Tools Product Innovation Comsumers Customers Product Launch Strategy test & learn test marketing

Mid-market Firms Need Innovation

Wellspring

While the innovation prowess of the top-performing companies are well known, the “big business” side of the market only represents one-third of the $30 trillion dollars in private sector gross receipts. innovation success innovation management innovation process Innovation Open Innovation software Open Innovation

Are You Looking Everywhere for Your Ideas?

InnovationManagement

Strategies chunking idea management IdeaScale magneti marelli open innovation process prototyping testingLots of industries care about intellectual property and proprietary information, but perhaps none more so than the automotive industry where product development is seen as the competitive edge.

That sudden surge within the crowd

Paul Hobcraft

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

One big open innovation square dance…

Innovation 360

Innovation is a way of getting competitive advantage which is well known and documented since ancient times, ranging from machinery, war equipment to the beauty industry and all trial building the perpetuum mobile. What´s happened lately is the paradigm shift of opening up the innovation process from being secret and closed towards inviting for collective wisdom and creativity. We call it open innovation or sometimes Innovation 2.0.

One big open innovation square dance…

Innovation 360

Innovation is a way of getting competitive advantage which is well known and documented since ancient times, ranging from machinery, war equipment to the beauty industry and all trial building the perpetuum mobile. What´s happened lately is the paradigm shift of opening up the innovation process from being secret and closed towards inviting for collective wisdom and creativity. We call it open innovation or sometimes Innovation 2.0.

Are Insiders or Outsiders Better Innovators? [Report]

Innovation Excellence

A new study looks at the different ways that industry experts innovate when compared to those from other field. Continue reading → Innovation Processes & Tools Research Uncategorized Challenges Expertise Open Innovation report research Talent

The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

After a fairly detailed exploratory working through crowdsourcing in this mini-series, I wanted to offer my ‘take’, to help our thinking though in formulating clearer positions in this, to see its increasing value as contributing into an innovation management system. Crowdsourcing does offer increasing value as a contributor into our innovation management system.

The Growing Value in that Crowd- Encourage it Out.

Paul Hobcraft

After a fairly detailed exploratory working through crowdsourcing in this mini-series, I wanted to offer my ‘take’, to help our thinking though in formulating clearer positions in this, to see its increasing value as contributing into an innovation management system. Crowdsourcing does offer increasing value as a contributor into our innovation management system.

Implementation is Your New Competitive Advantage

InnovationManagement

When it comes to implementation there are three things that companies ought to be thinking about in order to maintain a competitive advantage: process, feedback, and the importance of having multiple stakeholders from the beginning. Learn more in this Open Innovation Guide from IdeaScale. Strategies feedback IdeaScale open innovation process Stakeholders