Next Generation Innovation – What does it Mean to Me as a Practitioner?

In this IM Channel One webinar David Burns talks about some of the challenges connected with how to better leverage Open Innovation in your organization. For example how processes and structures can be put in place to manage, rank, decide on, track and archive hundreds or thousands of ideas and challenges.

Induct shares some important findings from their last three years of studies and research projects from innovation practice:

  • understand how processes and structures can be put in place to manage, rank, decide on, track and archive hundreds or thousands of ideas and challenges
  • see how organizations can bring more employees into the innovation process and also increase the number of internal and external collaborations
  • learn more about managing the portfolio of ideas with several stakeholders in the organization.

Theoretical framework

Induct has been inspired by research from leading authorities and well as leading companies’ innovation practice through several years. Induct’s theoretical framework is very much inspired by professor Henry Chesbrough who is heading the Induct Academic Advisory Board, where his ideas are put into practice.

Induct has studied innovation practice in more than 250 organizations. The results and key findings have been transformed into a substantial knowledge base made available thought the Induct Academy™ and Induct Innovation Community™. In addition to sharing knowledge with clients and partners, Induct also participate in several research projects, and as experts in the European Standardization Committee for innovation management system.

About Induct

InductInduct was founded in 2007, and has already taken a leading position in the global market for innovation management solutions. Induct’s collaborative partnerships, involving Berkeley professor Henry Chesbrough, independent research projects, innovation consulting companies, industrial winners, and governmental programs are an essential part of Induct’s success.

Induct integrates Enterprise 2.0 technology and social networking concepts with a flexible and customizable innovation management framework. The result is the first truly integrated end-to-end ‘Software as a Service’ (SaaS) idea management platform. Induct manages the entire innovation process, supports collaborative innovation across organizational boundaries, and enables the gradual transition to a more open innovation environment.

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  • Preben Hjornet

    Open Innovation Comments.
    Great work guys, a great inspiration. A fews comments though.  Open Innovation and stakeholder involvement should be governed by the impact level besides the “type” innovation scope. By impact level I refer to
    1) Normative ( Mission statement)
    2) Strategic
    4) operational
     And the organizational structure facilitating and involvements sponsoring etc. should reflect this. For every company/organization its impractical to have a operational staff adding effectively to strategic say normative innovations I believe.