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 decisions - ... 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 skills are as... 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 »
Our Brains Are Out to Get Us!
August 6, 2010
by Holly G. Green Andy Grove, the founder of microchip giant Intel, once said, “Business success contains the seeds of its own destruction.” Just look around and it’s hard to argue with him. General Motors. Enron. Washington Mutual. Lehman Brothers. PanAm. The landscape is littered with once-dominant companies that have lost their position of market leadership or gone completely out of business. These companies withered away due to internal rather than external factors. Convinced of... Read more »
Five Communication Tips for Leaders
August 6, 2010
by Mike Myatt Regardless of your station in life, both what you say, and how you say it matter…It matters to an even greater degree for those in positions of leadership. Leaders simply don’t have the luxury of choosing their words in cavalier fashion. Whether in written or oral form your vocabulary matters. Few things make an impact, or lack thereof, like the words you allow to flow from your lips or from your keyboard. Even when you think they don’t, people really are listening to what... Read more »
Marketing Innovation – The Extreme Effort Tool
August 4, 2010
by Drew Boyd How do you create the most innovative TV commercials in the world? By using patterns embedded in other innovative commercials. Professor Jacob Goldenberg and his colleagues discovered that 89% of 200 award winning ads fall into a few simple, well-defined design structures. Their latest book, “Cracking the Ad Code,” defines eight of these structures and provides a step-by-step approach to use them. Here are the eight tools: 1. Unification 2. Activation ... Read more »
August 2010 Sponsor – Spigit
August 4, 2010
Thank you to Spigit for sponsoring Blogging Innovation for August 2010. Much excitement has surrounded Spigit, Inc. throughout the month of July. Earlier in the month, Spigit announced its largest growth of bookings in Quarter 2 of 2010. Spigit saw a 287% growth from this year’s previous quarter and a 308% growth compared to Quarter 2 of 2009. Further, the company’s customer base has doubled and its employee base has increased 107% since January 2010. Keeping with the theme of expansion... 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 »
Innovation Perspectives July Wrapup
August 3, 2010
Innovation Perspectives is our monthly feature to present our loyal readers with different perspectives on a single topic all in one place along with the ability to compare, contrast and discuss them in the comments here on Blogging Innovation and in the Continuous Innovation group on LinkedIn. July’s topic was: “How should firms identify innovation opportunities and predict market potential at very early stages and in new areas (“green fields”) and ambiguous environments?” Mike... Read more »
Innovation Evolution
