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...
When talking about innovation, one of the challenges for companies is to pick up and connect the talent, ideas and knowledge. They are flowing everywhere. John Hagel, co-author of The Power of Pull: How Small Moves, Smartly Made, Can Set Big Things in Motion, discusses...
Technology Scouting is an element that can bring much value within the Open Innovation strategy. Identify future trends and technologies outside a company can help it find new partners. Also, it will bring inputs to current projects and help to develop new products and services. In...
From the point of view of companies, successful implementation of Open Innovation requires balancing many aspects such as the internal resistance and the objectives to be achieved. In a previous post I talked about facilitators, but Open Innovation also requires a change in the companies'...
When talking about Open Innovation, companies with specific programs and different practitioners normally focus on issues such as: Fastest return on investment Risks Minimization New talent and attracting ideas Searching of collaborative programs, especially in areas where a company has less experience Design new products,...
In the article I have linked here, Rita Gunther McGrath, author of The End of Competitive Advantage and professor at Columbia Business School, lists six signs to detect a broken innovation program. The Open Innovation model can be a good alternative to correct some of...
The professor of MIT Sloan School of Management Peter Senge has defined interesting concepts related to innovation processes. His “Breaking the Cycle of Fatalism” and “Tacking Complex Issues” proposals can be addressed through Open Innovation. Senge argues that we are living in an era of fatalism. A lot of challenges...