Open innovation is entering into a new phase. The way corporates are viewing open innovation has shifted radically and today there is a tendency for companies to ask themselves “why should I hire a third party service provider to do open innovation when I can do this myself?”
In fact, it is a great question that these companies are asking and I would not hesitate to answer that yes, of course it’s true, anyone can launch a corporate innovation portal. But in the end it is very dependent on what is understood by innovation portals and what are your expectations and, perhaps more importantly, your ambitions. Prior to embarking on a corporate portal it is useful to ask, what is the “job to be done” by open innovation and a portal?
Anyone can build furniture as long as they buy it from Ikea but that does not make them a cabinet-maker.
Anyone can build furniture as long as they buy it from Ikea but that does not make them a cabinet-maker. Just don’t expect to have anything more than a standard product and that will not stand out in the crowd. Ikea is certainly convenient, fills a very specific and effective role and has a clear “job to be done”.
The apparent simplicity of setting up an innovation portal is perhaps at the heart of the do-it-yourself portal mythology as it is so easy to download WordPress, code a few pages and then “build it and they will come”.
But build what… and why should they come… and in the end who will come… are they the right people? A portal is much more than HTML code stuck down to a URL.
The expectations of open innovation have been distorted by the over-promise of being the way to solve all problems and in the end an apparent under-delivery. Open innovation is far from this, it is not a global innovation panacea but is an integral part of the innovation toolbox and that any company that considers itself a serious contender in innovation should have. The managed innovation portal is again only one part of this toolbox.
To use open innovation portals requires experience, knowledge in communication and promotion and a clear well thought out strategy of how information gathered from external sources will be managed, curated and absorbed into a corporate strategy. The value added of experienced third party innovation providers is generally underestimated if not entirely ignored and undermined.
So, prior to embarking on a do-it-yourself innovation portal here are a few aspects that should be taken into consideration.
When evaluating whether to do-it-yourself portal first-of-all evaluate the final (corporate) cost before price.
In conclusion, it is in anyone’s scope that has a little web savvy and a lot of time to organise an innovation portal using internal resources but success requires a very determined and disciplined methodology. The cost cutting if not cheap temptation to take a summer intern to do this is great as, although this option looks risk free, simple and quick, it generally ends in disappointment and frustration internally and externally.
For an innovation portal to be successful requires that a company aligns objectives, resources and ambitions and to assure that expectations of all involved are clearly stated and fulfilled. An internal portal chosen for budgetary reasons will not be the ideal vehicle to solicit solution providers to submit proposals. Often success rates can be significantly improved by working with experienced third party providers who understand the issues involved in community out-reach, protecting corporations and managing and curating information. So when evaluating whether to do-it-yourself portal first-of-all evaluate the final (corporate) cost before price.
Campbell Lockhart is presently helping innovation practitioners write innovation scenarios that are applied to transforming ideas into value. He has been an innovation practitioner for over 30 years, working as a medical technology developer, an open innovation manager in a FMCG giant, an open innovation service provider and as an open innovation solution provider. He currently manages an open innovation platform that aggregates innovation needs into a one-stop-shop where solution providers can rapidly identify industry needs (www.innovatorslikeme.com)