Innovation Ecosystems: The future of Open Innovation

Idea to Value

For the past decade or so, one of the most popular ideas in innovation has been around Open Innovation. This is the practice of innovating and co-creation in collaboration with people outside of your company. Innovation ecosystems open innovation

When to Use Open Innovation Portals

Yet2

As providers of both proactive technology scouting services and open innovation portals, we often get asked when to use each approach. An open innovation portal is a public-facing, branded platform integrated into your corporate website experience.

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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. 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

What Are Some of the Benefits of Open Innovation?

IdeaScale

This has led to the theory of “open innovation,” and it’s one worth considering as you develop an innovation strategy. The post What Are Some of the Benefits of Open Innovation?

A Strategic Approach to Open Innovation

Speaker: Jeffrey Phillips, Senior Consultant, OVO Innovation

This action-packed session examined the critical questions you should ask as you establish an open innovation framework: which technologies or ideas? Which partners and how many? Which methods? By taking a strategic approach to open innovation, you’ll find the right ideas or partners more effectively, and you’ll accelerate new products to market more quickly. This was a great session you don’t want to miss.

Open Innovation: 2 approaches towards value creation

Imaginatik

Open Innovation has been around for years. Open Innovation (OI) is no different. So, why invest in Open Innovation? As Proctor & Gamble years ago justified their open innovation approach, by understanding that there was 100x the number of product managers in the world than there were inside P&G so the decision to exploit OI was easy. Yet Open Innovation could be much more than “open things up” to our stakeholders and customers.

The Blind Men & The Elephant: An Open Innovation Blueprint

Lucas Potasso-Justino

Curb Transactional Open Innovation and Embrace an Integrated Ecosystem Strategy “It’s a wall,” “It’s a snake,” “It’s a rope,” “It’s a spear,” “It’s a fan,” no, “It’s a tree,” and so goes the story of “The Blind Men & The Elephant”. The tale is a great example that shows how you and your team

The rise of open innovation

Exago

Now, open innovation is trendy. The post The rise of open innovation appeared first on www.exago.com. Blog Insights engagement innovationacrossborders open-innovationJust a little over two decades ago, engaging external stakeholders was a rare thing. Why is this? For a start, change has become the rule.

The promise of open innovation

Exago

While the idea goes back to the 60s, Henry Chesbrough, faculty director of the University of California’s Center for Open Innovation, coined the expression ‘open innovation’ in 2003. The post The promise of open innovation appeared first on www.exago.com. Blog Insights open-innovation

The Secrets to Making Open Innovation Projects Work

InnovationManagement

Open innovation often requires global teams with national culture differences to work together, which presents some challenges. The post The Secrets to Making Open Innovation Projects Work appeared first on InnovationManagement.

The Blind Men & The Elephant: An Open Innovation Blueprint

Ludwig Melik

Curb Transactional Open Innovation and Embrace an Integrated Ecosystem Strategy “It’s a wall,” “It’s a snake,” “It’s a rope,” “It’s a spear,” “It’s a fan,” no, “It’s a tree,” and so goes the story of “The Blind Men & The Elephant”.

The Leadership of Open Innovation

Speaker: Paul Sloane, Director, Destination Innovation

Paul Sloane is a well-known author and speaker on open innovation. In this session, Paul takes us through examples of successful open innovation programs to explore the breadth of what open innovation can be for organizations and the value it can bring. This was a great session you don’t want to miss.

Living Labs and Open Innovation

HYPE Innovation

"Living labs" is a label applied to an array of very different innovation infrastructures that did not make it in the Jargon Madness finals of Forbes but is nonetheless “trendy, but confusing.” In this post, you will learn what it means and how linging labs is a usefuly concept for open innovatino programs.

What Are Some of the Benefits of Open Innovation?

IdeaScale

This has led to the theory of “open innovation,” and it’s one worth considering as you develop an innovation strategy. The post What Are Some of the Benefits of Open Innovation?

Ten Top Tips for Success with Open Innovation

Destination Innovation

Increasingly this internal focus is being replaced by a more powerful and effective approach – open innovation (OI). Assess in what areas you need more innovation. CEO Laffley at Proctor and Gamble set a target of reaching 50% of new product innovations from outside the company – the goal was met. Assess your level of openness. Share : The post Ten Top Tips for Success with Open Innovation appeared first on Destination Innovation.

Tips 161

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.

Should you Choose Tech Scouting or Crowdsourcing for your Open Innovation Project?

Yet2

How should you choose the best approach for your open innovation project? Tim and Christian also address: How open innovation portals combine tech scouting and crowdsourcing. The post Should you Choose Tech Scouting or Crowdsourcing for your Open Innovation Project?

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. However, some challenges must be addressed as you develop your innovation strategy. But a small amount of guidance can be a powerful tool for innovators.

How is Open Innovation Different from Co-Creation?

IdeaScale

When innovating, do you stick to what you know or the wider world? Open innovation” and “co-creation” are words you hear a lot when building an innovation strategy, and they also seem to be words that most people poorly define. As the name implies, it’s innovation created by working together. This can be something of a sharp contrast to open innovation. What Is 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.

What exactly is Open Innovation?

Braineet

Here is my take on what open innovation really is and how you can use it to boost creativity in your company. Open Innovation

Shaping the Future of the Labor Market with Open Innovation

Idea Drop

Open Innovation to Meet the Challenges of the Labor Market Open innovation is a new framework to solve problems in a high-yield and low-cost manner. Open innovation relies on external input – that is, feedback from outside the organization.

Six must-haves in the quest for open innovation success

Exago

We’ve seen how open innovation is stepping in to tear down more traditional corporate walls and to give you access to new sources of possibilities: the ideas, insights, opinions and visions of clients, partners, consumers and scientific and academic communities. The post Six must-haves in the quest for open innovation success appeared first on www.exago.com. Blog Insights engagement open-innovation

How to create valuable open innovation ecosystems

Exago

From building consumers’ loyalty through to establishing new partnerships, improving products and identifying more business opportunities – open innovation can bring companies remarkable benefits. The post How to create valuable open innovation ecosystems appeared first on www.exago.com.

Open innovation and the fight for your audience

Exago

Apple, Lego, Philips, Samsung, IBM, GSK and, most recently, Tata Steel, among many others – all have adopted open innovation initiatives to expand their organisations’ horizons. The post Open innovation and the fight for your audience appeared first on www.exago.com. Blog Insights business transformation open-innovation

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.

Open Innovation at Bouygues: each of our BU has an open innovation team

Rapid Innovation in digital time

Vincent Maret corporate director Open Innovation at Bouygues Corp. explains how to drive competitiveness through innovation! Innovation Rapid Innovation Unit Bouygues Corporate accelerator Entrepreneur Incubation intrapreneur Open Innovation Start-up Vincent Maret

Common Fears of Starting an Open Innovation Initiative and How to Resolve Them

HYPE Innovation

Adding external elements to an internal innovation program can prove a true rite of passage. The transition requires an open culture, employee empowerment, and executive commitment. Open InnovationIn other words, considerable maturity (1).

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.

Crowdsourcing vs. Open Innovation: What’s the Difference?

IdeaScale

Open innovation vs. crowdsourcing can be a tough call. What’s the difference between crowdsourcing and open innovation? Crowdsourcing Vs. Open Innovation. With open innovation, you might reach out to your entire company, and sometimes friendly rivals in the same industry, to share ideas and get perspective on something. The post Crowdsourcing vs. Open Innovation: What’s the Difference?

Open Innovation and Crowdsourcing Best Practices

HYPE Innovation

Open innovation (also known as user, cumulative, mass, or distributed innovation, or as know-how trading) and crowdsourcing are both affordable, reliable, powerful ways to keep your company on the cutting edge of innovative ideas and products. First, you need to understand when to utilize open innovation and when crowdsourcing is the better option. Here's how you can score with these innovation strategies. Open Innovation

The State of Open Innovation Today

Innovation Excellence

Last summer I wrote about an interesting report exploring the extent of open innovation around Europe. The study, conducted by the European Academic Network for Open Innovation, showed the growth in open innovation, with the majority of organizations practising it in some form or other. Innovation Open Innovation R&D

The European Space Agency's Voyage Into Open Innovation

Hype

This blog post is part of a series on successfully managing open innovation programs. Open Innovation

The Business Case for Open Innovation

IdeaScale

Open innovation means better business. Making the business case for open innovation can be an uphill climb. Here are just a few reasons open innovation is for everyone. Any organization, however nimble it is, is only as innovative as the perspectives under its tent. Open innovation changes that by inviting new, fresh approaches to your industry and what you do. Innovation isn’t necessarily cheap.

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. 00:09:00 – How the process affects the decision making process around which innovations can get started, and reducing friction from decision makers.

Open Innovation Game

Open Innovation EU

The use of Open Innovation is to a large extent related to the rise of technology. Not only does technology smoothen Open Innovation, also the adaption of new technologies to the core business (model) can be accelerated by participating in Open Innovation networks. In fact, when talking to businesses the questions that they have do almost never directly include the use of Open Innovation as a goal.

TASC: A Practitioner’s Tool for Better Results in Open Innovation

InnovationManagement

Despite its popularity as a way to promote innovations, organizations face challenges in their open innovation (OI) initiatives. As knowledge flows are vital for the success of OI initiatives, organizations should identify right partners in their open innovation implementations.

Open Innovation: co-creation, and intrapreneurship

Innovation Excellence

Culture & Values Innovation brand Cocreation Nicholas Ind Open Innovationn Start-up The Intrapreneurs' FactoryNicholas Ind is Associate Professor at the Oslo School of Management and a partner in Equilibrium Consulting.

Seven Critical Crowdsourcing and Open Innovation Mistakes to Avoid

IdeaScale

Crowdsourcing and open innovation are great ideas. Choosing Crowdsourcing Instead Of Open Innovation. Crowdsourcing and open innovation are two very different things. Crowdsourcing is a public, open idea pulling from the entire world, or at least the part of the world from which you can gain attention. Open innovation is a more limited process that draws from your company. Don’t get frustrated with your crowdsourcing campaign.

An open innovation success story

Be-novative

We have a particular key learning to share along with an open innovation success story. collective creativity open innovationFirst, let's briefly go over Collective Creativity.

Where in the world is the audience for your open innovation programme?

Exago

As we've seen before, you’ll have to create audience-centric content to capture your open innovation audience. The post Where in the world is the audience for your open innovation programme? Blog Insights engagement open-innovationBut, you should consider to locate suitable community places, as well as aligning your communication messages with your targets, places, channels and value pools.

Open innovation resurgence during COVID. Why?

Jeffrey Phillips

There's been a resurgence lately in the concept of open innovation. I'm not quite sure why open innovation as a concept has received more press and more attention lately. It's not as though we have new open innovation methods or mechanisms, or that open innovation has demonstrated more effective outcomes. Rather, I think, open innovation becomes interesting when we are distributed and looking for new ways of working.

Leveraging an Open Innovation Portal to Build an Innovation Ecosystem

Yet2

Many large companies have open innovation portals. The snack food and beverage manufacturer has two separate open innovation portals that play a key role in the company’s strategic initiative and mission to empower people to snack right. These portals also serve as vital components in the company’s commitment and process to building an innovation ecosystem that incorporates startups, small brands and more.