Aug 21, 2012 | By: Chuck Frey
The biggest single success factor in any open innovation initiative, according to Michael Fruhling, is when a corporation has a specific, time-sensitive need that it must meet.
Jul 17, 2012 | By: Chuck Frey
Michael Fruhling rececently spoke with Dr. Horst Wenck, Beiersdorf’s Corporate VP of R+D, about his company’s approach to open innovation. One key is its OI web portal, which carefully cultivates a qualified set of external partners. Once a relationship is established, Beiersdorf forms a ‘project house,’ where qualified partners are deeply immersed in its current technical needs and challenges and the corporate intelligence it has gathered to support its OI priorities.
Jul 09, 2012 | By: Chuck Frey
Opportunities are abundant for “crowd-accelerated innovation, collaborative alignment and creative dislocation,” says a new KPMG report. A case in point is the healthcare market, the focus of this new study from the consulting giant.
Jul 03, 2012 | By: Chuck Frey
A couple of years ago, it seemed that everybody in the external innovation business aspired to be “partner of choice.” That is, they wanted to be the company that external partners would preferentially approach with unsolicited new opportunities. Michael Fruhling is pleased to report that a number of companies have really stepped up their external partnering “game.”
Jun 21, 2012 | By: Chuck Frey
Ken Klimpel, Colgate Palmolive’s Worldwide Director of External Innovation and Outreach shares his perspective on some aspects of the approach he and his company take to drive their open innovation successes.
Jun 14, 2012 | By: Chuck Frey
In any supplier/customer relationship, both sides (but quite often the supplier) desire clarity regarding the certainty of the relationship. When there is uncertainty, there is angst. Some of this is natural and necessary. However, Michael Fruhling believes that in open innovation it is needlessly excessive. How can it be reduced?
May 03, 2012 | By: Chuck Frey
Given the relatively small number of qualified solution providers for any given technical challenge, one fairly productive and successful problem solving approach undertaken by corporate technology seekers is to organize “supplier summits.”
Jan 18, 2012 | By: Chuck Frey
Open innovation can fall prey to bandwidth issues. In other words, executives get so busy with current projects that they lack the time and attention span to be able to consider new opportunities in a timely fashion.
Jan 04, 2012 | By: Chuck Frey
Here are some common-sense suggestions to improve everyone’s experience when implementing open innovation initiatives.
Nov 02, 2011 | By: Chuck Frey
How can small companies participate effectively in open innovation? That’s the central focus of Stefan Lindegaard’s new book, Making Open Innovation Work.
Jul 12, 2011 | By: InnovationTools.com
Open innovation R+D gatekeepers also should act as product champions. They should be empowered to recognize, build a case for, and advocate select external submissions as fledgling new business opportunities, asserts Michael Fruhling. Here’s an example.
Jun 29, 2011 | By: InnovationTools.com
Do you have a process in place to handle open innovation inquiries? Or do they languish in no man’s land, indistinguishable from a host of non-descript sales leads?
May 10, 2011 | By: InnovationTools.com
As open innovation grows in popularity, companies will need to compete for the best potential partners. The time is now to identify the best potential partners and partner with them, before your competitors do. So predicts open innovation expert Henry Chesbrough in a recent article.
May 03, 2011 | By: InnovationTools.com
Looking for inspiration for your open innovation efforts. Check out IdeaConnection.com’s library of over 100 OI case histories.
Apr 27, 2011 | By: Chuck Frey
According to an expert on information governance, the growing complexity of corporate innovation, especially if it involves outside partners, is driving the need for better collaboration tools, such as mind mapping software.