Posts Tagged ‘open innovation’

Supporting the “R” in R&D

When it comes to Research and Development (R&D), a majority of the new product development process involves the “D” from concept to launch. However, the “R” is where most breakthroughs come from – and it is in jeopardy due to recessionary cuts and the short-term pressure for monthly and quarterly results. When companies are laser…

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Challenging Open Innovation

Open Innovation is an effective method for gaining ideas from outside an organization, but in order to achieve long term sustained Innovation, companies need to establish a structured repeatable process. Breakthrough innovations still have to come from within the company through hard work and consistent efforts. A great example of this is Procter & Gamble…

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Managing the Uncertainty of Open Innovation

One of the hottest topics in business management today is open innovation. The concept uses an open business model for companies to “co-innovate” with their partners, suppliers, and customers – in order to accelerate the rewards of innovation. For example, a small or midsized company develops a game-changing new idea and works with a larger…

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THE OPEN INNOVATION IMPERATIVE – LEARNING FROM ABOVE

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…

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Second Open Innovation Summit Chicago Aug 11-13, 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…

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The Paradox of Open Innovation: Internal or External?

What came first, the chicken or the egg? This paradox has perplexed philosophers for millennia. In the progressive workplace, a similar dilemma confounds executives. In the pursuit of open innovation, what comes first: Innovation created internally, or innovation developed beyond the organization? People talk about open innovation. It’s the mantra of leadership experts and workplace…

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