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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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Open innovation & crowdsourcing resources

Board of Innovation

Open innovation & crowdsourcing resources Open Innovation, crowdsourcing, co-creation… overlapping terminologies to describe a trend towards more open business models and a closer collaboration with customers. On this page we gather a list of inspiring examples.

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Announcing the 4th Annual World Open Innovation Conference

IdeaConnection

Do you want to hear about the latest open innovation research? Are you keen to know more about how open innovation can help your business? If so, point your feet toward Silicon Valley, San Francisco this coming December for the 4th Annual World Open Innovation Conference (WOIC 2017).

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The critical differences in understanding Dynamic Ecosystems.

Paul Hobcraft

Environmental Factor: The ability to adapt quickly is often facilitated by open communication channels, collaborative decision-making, and agile organizational structures. Environmental Factor: Building redundancy, fostering diversity, and ensuring effective risk management contribute to the resilience of the ecosystem.

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Open innovation and Real-Time Mapping of Irma Flooding

IdeaConnection

Open innovation, social media and mobile technologies are rapidly changing the face of disaster preparation, response, relief and rescue. In preparation for the approach of Hurricane Irma, Broward County in Florida launched Riskmap.us, a public reporting platform for disaster management. Compiling Flood Reports.

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Open Innovation Contests Drive Breakthroughs

IdeaConnection

Whether it’s coming up with novel ways that allow astronauts to poop safely in space, inventing life-saving medical devices or finding solutions to such complex problems as global warming, open innovation contests are powerful catalysts for groundbreaking advances. GE and Statoil Open Innovation Challenge.

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Calculating the ROI of an Idea: Ideas That Saved Time

IdeaScale

Crowdsourcing and open innovation initiatives are vital by bringing vast stakeholders together to share ideas on complex problems and opportunities. One of the top innovation management topics I run into is evaluating the Return on Investment (ROI) for an idea. Introduction to ROI.