There are many formal and informal practices and corporate activities which are included within the paradigm of open innovation. Companies have to constantly explore their environment to find new ideas, but also exploit them effectively and find value in their collaboration activities to bring new...
When introducing a culture of Open Innovation, companies find difficulties, especially in aligning internal resources. According to the report “Managing Open Innovation in Large Firms”, the main barriers in Open Innovation (by importance) with these kinds of businesses are: Managing the organizational change internally Management of external...
Since I founded Premium Ingredients, a company specialized in functional food ingredient blends, constant innovation became one of our priorities, and this has been possible thanks to our external partners. Now, Premium Ingredients is integrated in Blendhub and we are immersed in new projects, again, made...
Open Innovation is more than just 'out the old and in with the new', going outside or outsourcing. In fact, internal collaboration and support is an essential part of an Open Innovation strategy. No one better than a company's team for defining: In which areas...
Crowdsourcing and co-creation are resources used by companies to look for external ideas. They try to develop new products by asking the crowd. There is a lot of potential for innovation in passionate groups of people. In this famous TED talk, Chris Anderson speaks of...
In the video below (from TEDx Brainport), Harmke De Groot, Program Director at Holst Centre, highlights the value of Open Innovation to speed up innovation. Innovation is hard work and Open Innovation systems can help deal with some of the difficulties of the innovation processes....
Open Innovation requires processes to ensure internal and external collaboration, and good governance is essential to achieve it. In relation to this topic, I found the article linked (from Innovation Management) very interesting. Jean-Philippe Deschamps, emeritus Professor of Technology and Innovation Management at IMD in...
Some key points when talking about Open Innovation have to do with networking and connecting knowledge in, both outside and inside companies. In the video below, Seth Godin speaks of the connected economy and the opportunities for innovation and maketers. He refuses the industrialist mindset of...
Navi Radjou, co-author of the book Jugaad Innovation: Think Frugal, Be Flexible, Generate Breakthrough Growth, defines Frugal Innovation as a business paradigm that enables companies to do more with less. This model comes from emerging markets and Open Innovation can play a crucial role in...
This article discusses interesting points in the linked video in which the professor of ESADE Esteve Almirall talks about the Open Cities and also about Open Innovation Ecosystems. He provides a good summary of the evolution of the Open Innovation model throughout last ten years. According...