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Get Engaged in Next Generation Innovation – Best Practices and Success Stories

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In an open innovation ecosystem, what is best practice? How do decentralized and centralized organizations meet different needs? Which success criteria are most important for next generation innovators? These are a few of the topics discussed in the IM Channel One webinar on December 8, 2011.

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In: IM Channel One

At this page you are welcome to:

  1. Watch the recorded session.
  2. Download the webcast slides.
  3. Engage in discussion with the webcast presenters and particiants.

Challenges addressed in the December 8th session

Induct shared important findings from their last three years of studies and research projects from innovation practice. Understand how innovation life cycle processes and structures can be put in place to motivate, manage and move thousands of people into next generation innovation communities. Here were some of the challenges addressed:

  • How do decentralized and centralized organizations meet different needs?
  • In an open innovation ecosystem, what is best practice?
  • Which success criteria should an organization keep in mind in its attempt to move towards next generation innovation?
  • Learn from case studies from innovation leaders and their success stories.

About Induct and the 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. For more information see www.inductsoftware.com.

What is your experience?

You are welcome to share your comments and questions below. Experts from Induct will join and facilitate the discussion.

We would like to start by addressing some of the questions and comments which we did not have time for in the live session:

  1. Are you suggesting one has to start with one organization and then only bringing in other partners? Or can one not develop this multi-hospital collaboration from the get go?
  2. What’s about managerial prerequisite to enable open innovation?
  3. To boost innovation special care is needed to stimulate the participation of (innovative) SMEs. How can we assure the position of SMEs in open innovation networks?
  4. What kind of control positions that one has with their own ideas? What if they are patentable?
  5. It reminds me of Lean management process: operational workers are those who can bring most effective ideas most of the time.
  6. As we do not have clear indicator for ideas performance, shouldn’t use the report of the indicators mislead the results of this process?
  7. Best of ideas come from the field…
  8. When does the innovation initiative move to innovation management within the org? How long does this take on average?
  9. Can we say that people from the field/front office activities are those who can be the most innovative and why?
  10. How would you make the distinction between invention and innovation?
  11. Who are the people that create the scorecard? What criteria do they use in selection of items that become part of the scorecard?
  12. Kenny, How can innovation facilitators stimulate the decisions needed (from exes) to keep innovation moving forward?
  13. All nice, but most innovation comes from smaller companies, not the big ones. So why give room to small companies to lead innovation?
  14. What kind of control measures need to be put in place alongside with open innovation initiatives to maximize competitive advantage?
  15. How can we transfer this cooperative-web approach between different organizations based mostly on service, to other context more focused on manufacturing and “real” products?

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