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

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.

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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.

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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.

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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.

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

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

How Open Innovation Opens the Door to Successful Recruitment?

100%Open

If the most important facet of recruitment is the candidate, how can Open Innovation help improve the process? The post How Open Innovation Opens the Door to Successful Recruitment? first appeared on 100%Open.

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.

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

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 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.

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).

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.

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.

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.

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.

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.

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

Open Innovation at Bouygues – Innovating Across Business Units

Innovation Excellence

Vincent Maret is corporate director Open Innovation at Bouygues Corp. His goal is to drive competitiveness through innovation, leveraging agile methods, fostering open innovation programs, and supporting Bouygues business units in their transformation. Vincent has an extensive experience in marketing, strategy, innovation, project management, telecom and information technologies; as Marketing Manager; deputy R&D director with.

How Open Innovation led by Purchasing works brilliantly at GRTGaz

Innovation Excellence

Mathilde Delignou is Project Manager Open Innovation and partnership at GRTgaz, one of the leading European operators in natural gas transmission. What is uncommon is that the open innovation activity lies within the Purchasing Department. 1) Hi Mathilde, could you describe your entity, Innovation GRTGaz Incubation Intrapreneur Mathilde Delignou Open Innovation Start-up

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.

Open Innovation Helps in the Fight Against COVID-19

InnovationManagement

The post Open Innovation Helps in the Fight Against COVID-19 appeared first on Innovation Management. Open Innovation Trend Alert conferences coronavirus COVID-19 flexibility partnerships startup startup creativity virtual conferenceThe Coronavirus is having an equal impact on companies, giant conglomerates, and startups. Companies are dealing with the crisis in various ways - let's look at how in this article.

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.

Broadening the church of Open Innovation

The Future Shapers

Open Innovation is about increasing the innovation potential of firms by opening them up to new ways of working with external organisations. Whether this takes the form of new co-working agreements, acquisition of start-ups with interesting technologies, or spinning out new developments into external companies the ultimate goal is the same: to increase innovation and increase value as a result. Figure 1: Business Models, from closed to open (Source: 100%Open).

Open Innovation: A Tried and True Approach

Rocketspace

In the summer of 2014 , much of the tech press was amused, and even a little aghast —McDonald's had opened a digital incubator in San Francisco. How have we reached the point where even hamburger restaurants are embracing Open Innovation? Open InnovationThis smelled of the worst sort of Silicon Valley me-tooism. Why on earth would a huge fast food chain need to incubate anything, aside from maybe some potatoes inside a deep fryer?

Profiling the Open Innovation Manager

HYPE Innovation

We talk a lot about, and also to, innovation managers here on the blog. Mike Hatrick (the event moderator) asked the question: who really is the innovation manager? The Innovation ManagerIn fact, we have an entire section dedicated to them. At HYPE’s annual event in Bonn the topic was also in the limelight.

4 examples of open innovation in society

ideas4allinnovation

Open innovation is one of the most agile and effective avenues for transformation, as we have already seen in several examples with large enterprises. Let us use this post to review four public examples of open innovation in society, open to participation from all types of collectives and large groups of people. We can help you and broaden your scope with open innovation. Related content: 5 success stories in open innovation.

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.

Accompanying European SMEs on their Open Innovation Journeys

Innovation Excellence

Within INSPIRE (standing for Integrated Support of oPen Innovation pRofessionalization initiative), a Coordination and Support Action funded by the European Commission under H2020, we have investigated in depth Open Innovation (0I) practices in SMEs across Europe with a view to distilling lessons about how to improve the supply chain and deploy a dedicated support package.

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?

My Starbucks Idea : an Open Innovation Case-Study

Braineet

Open InnovationHow Starbucks gathered more than 150,000 ideas and created new products and services by engaging its community.

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.

Looking at Closed versus Open Innovation

Innovation Excellence

Is there any word more fundamental to the modern business lexicon than ‘innovation’? If we take renowned researcher John Seeley Brown’s definition, the very nature of doing business is an act of innovation: that is, innovation is invention — of any. Innovation Intellectual Property Open Innovation Henry Chesbrough patents R&D University Research LabTo say that it forms an important part of enterprise is probably an understatement.

Seven impacts Open Innovation can have on your bank!

mjvinnovation

It is no coincidence that the financial market, banks specifically, are among the most innovative. The disruptive initiatives that have emerged with external partnerships have kept this sector at the peak of global Innovation. . Keep reading to understand this movement and see what the main benefits of Open Banking are! Why are banks investing in Open Innovation? Those who best exploit Innovation are those who can compete and keep up.

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

Managing Open Innovation: one challenge/ coping strategy at a time

HYPE Innovation

We wrote about the trend too here on the blog, explaining how excessive collaboration harms organizational performance and stifles innovation (hint: overworking employees for only marginal gains). Open InnovationA few months ago, The Economist published an excellent piece on how the fashion for making employees collaborate had gone too far.

Open innovation challenges – How to overcome the most common ones?

Viima

The popularity of open innovation doesn’t come as a surprise as the use of external sources can expand the innovation potential of an organization. Open Innovation Innovation

On-Demand Webinar: The Intersection of Sustainability & Open Innovation

Yet2

How is open innovation shepherding sustainability in some of the leading organizations worldwide? That was the primary question put to the panelists in the webinar, The Intersection of Sustainability & Open Innovation , which is now available on demand. How sustainability and open innovation work together. The post On-Demand Webinar: The Intersection of Sustainability & Open Innovation appeared first on yet2.

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.

Six Myths about Open Innovation

Yet2

You have heard about Open Innovation in the news, but are hesitant to implement OI because you think it won’t be successful. Below are 6 myths about open innovation that will make you rethink your reluctance. Nobody Has Success Using Open Innovation. Open innovation has brought significant benefits to companies from enterprise to startup size, including GE, Lego, Samsung, and even NASA. Open Innovation is a Passing Fad.