THE OPEN INNOVATION IMPERATIVE – LEARNING FROM ABOVE

August 19, 2010

When the brightest minds across disparate industries gather to discuss open innovation, parallel – and completely fresh – thinking can emerge. Two days spent at this month’s World Research Group Open Innovation Summit among the best-of-breed innovation leaders in the space revealed consensus on the imperative for open innovation. From Fortune 100 corporations down to the most agile mid-sized companies, all embraced the need for innovation. This was refreshing indeed. Executives from P&G... Read more »

Day II Open Innovation Summit Highlight Recap

August 13, 2010

Day II Attended OIS 2010 organized by World Research Group at Millennium Hotel Chicago, key innovators like Cisco, P&G, J&J, HP, Clorox, BCBS, etc. were present. Key learnings: PepsiCo –    Colliding market forces and trends create unique market dynamics –    World was: 1.0, Mobil, web, social , shopping , World is 2.0 social networks, shopping ratings, reviews, Mobile 2.0 –    Will be? 3.0 …all about digital savvy and empowered consumer: Less impulse buys, better  informed... Read more »

Second Open Innovation Summit Chicago Aug 11-13, 2010

August 12, 2010

Attended OIS 2010 organized by World Research Group at Millennium Hotel Chicago, key innovators like Cisco, P&G, J&J, HP, Clorox, BCBS, etc. were present. Key learnings: – For Open Innovation to succeed you need diverse teams that have members that have 7 key softskills (according to Unilever OI manager) Intrapreneurial skills Talent relationship building Strategic influencing Quick study Tolerance of uncertainty Balanced optimism Passion – Hard to find the right combination but soft... Read more »

How Do Apple, Ford, and Microsoft Survive In The New Economy While Others Crash?

August 12, 2010

Why innovation is the key component for dealing with the new economy. Six out of ten new businesses fail. Unemployment isn’t getting any better. The housing market is bracing for another bump in the road next quarter. And, as if the cake needed icing, the FDIC reports that about half of America’s banks — including the four largest — are on the bubble, and may fail by the end of the year. As serious people, at equally serious companies, search for ways to prosper — or just survive... Read more »

Continuous Training and Coaching is Essential to Innovation

August 3, 2010

In order for any company to meet its goals and to achieve sustainable Innovation, proper training and coaching is an essential though often overlooked imperative. But how can a New Product Development (NPD) team represent the philosophy of its organization if the attitude, culture and processes are not continually reinforced? Proper hiring, training and coaching is essential to finding and keeping the right people for the right job – and having them trained in their role and processes on the NPD team... Read more »