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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. Why Open Innovation Is Emerging as a New Paradigm.

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Open Innovation vs Closed Innovation: Here’s the Lowdown

Qmarkets

“For good ideas and true innovation, you need human interaction, conflict, argument, debate.” Margaret Heffernan – Entrepreneur, CEO and writer Few would disagree with the notion that innovation is driven by the sharing of good ideas. What is Open Innovation?

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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. R&D is expensive, but open innovation helps curtail the costs.

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Podcast S5E107: Ralph Hartmeier – How Kickbox brings open innovation within companies

Idea to Value

Kickbox is a framework which aims to bring the benefits of open innovation to all companies, based on a system pioneered by Adobe. 00:06:30 – How the process works. 00:09:00 – How the process affects the decision making process around which innovations can get started, and reducing friction from decision makers.

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Implementing Open Innovation: Insights from Ariana Smetana of AccelIQ Digital

Qmarkets

Open innovation is a core strategy for transformative growth amongst a growing number of enterprise companies around the world. The days of boardrooms and R&D departments keeping innovation under lock and key are waning, as companies are increasingly preferring a more collaborative approach with startups and other external parties.

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How Value Co-Creation Can Boost Your Innovation Process

HYPE Innovation

Marketing specialists swear by it, manufacturers and service providers try to integrate it into their innovation practices, and researchers study it. No matter the industry, the co-creation of value is a hot topic.

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Measuring Open Innovation

Innov8rs

When it comes to innovation, some initiatives may be too risky or outside of a corporation's capability zone, leading to a longer learning curve. 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?