February 19, 2014 | By: InnovationManagement
Implementing open innovation requires a shift in mindset and a change in culture. It requires individuals to be open for external ideas and to share knowledge. This is not the way innovation is managed traditionally. For individuals to behave in a way that fosters open innovation, support from the top management seems to be crucial. Is this really the case? Or are top executives too far away from the action when it comes to innovation and open innovation?
February 10, 2014 | By: Khattab Al-Ali
Running a successful enterprise innovation management program can be a challenging mission. Multiple factors have to be considered,each of which affect potential outcomes. One key aspect is the level of support an innovation program receives from an organization’s management. Connecting the needs of top-down management with the strategy and architecture of an innovation program will always lead to greater levels of success.
February 4, 2014 | By: Doug Collins
Organizations increasingly seek new forms of innovation—and, for themselves, transformation—by engaging in co-creation with the suppliers, clients, and consumers that comprise their value streams. What insights might be gained from organizations that have begun to realize their potential for leadership by embracing openness as a core element of their charter? In this article innovation architect Doug Collins reflects on the progress that the Beijing Genomics Institute (B.G.I.) has made on this front. What lessons does B.G.I. have to teach organizations that decide to paddle with the Digital Age currents as opposed to against them?
February 3, 2014 | By: Dr. Scott Edgett
We know that innovation capability is a critical driver of strategic growth targets. We also know that innovation success is not a one-time occurrence, but the result of an organization’s ability to conceive, develop and commercialize new products and services on a sustainable basis. In this article Dr. Scott J. Edgett discusses a model for measuring if your organization has a mature innovation process with well-internalized innovation capabilities.
January 16, 2014 | By: InnovationManagement
There is a huge need for a better understanding of the link between Open Innovation and strategy. This is recognized by professional literature, however this connection is yet to be unraveled in a detailed way. The very first live MOOI Forum discussion gave a number of exciting insights into this particular topic focus.
January 14, 2014 | By: Simon Middleton
Mitigating the high failure rate associated with entrepreneurial endeavour is something that concerns investors as well as potential entrepreneurs – “do I risk myself?” is a lurking question many ask of themselves or the person putting money on the table.
January 9, 2014 | By: Dr. Robert G. Cooper
Doing more of the same old product improvements, extensions and modifications – product renovation – won’t deliver the sales and profit impact needed to grow the business. To the great majority of businesses, product development means line extensions, improvements and product modifications and only serves to maintain market share. Firms increasingly compete for a piece of a shrinking pie by introducing one insignificant new product after another. The launch of a truly differentiated new product in mature markets is rare these days.
Continued Commitment to Open Innovation- Deliver New Products, Services and Business Models Though Co-Development
January 8, 2014 | By: InnovationManagement
Content for both the seasoned OI practitioner who has their processes in place as well as those who are just beginning their OI journey. Keynote presentations, case studies, interactive panel sessions and Q&A with top experts and advanced practitioners from Pfizer, 3M, Kimberly-Clark Corporation, WD-40, MIT and many others. Join CoDev2014, the longest running conference forum focused solely on providing innovation practitioners with the latest trends in open innovation and multiple opportunities to connect and network with top experts.
December 16, 2013 | By: Marc Sniukas
Your business model should answer two important questions: (1) What is your value proposition and (2) how are you organizing your company and your ecosystem to create this value. The 8 building blocks of the business model template help you to visualize your answers and think strategically about your business model.
November 29, 2013 | By: Sheila Moorcroft
Drones have until now been primarily used for military purposes and while they are extraordinarily accurate on one level, all too often there are innocent deaths. Drones are however moving into other sectors – rescue and delivery so far. They could revolutionise the cost base of deliveries to remote regions, not to mention search and rescue services.
November 27, 2013 | By: IMP³rove Academy
SMEs have sustainability on their radar. Their main goal is economic sustainability. To achieve this goal, they can take ecological and social sustainability as an opportunity for innovation instead of just considering it as a mere cost driver. Thus innovation and sustainability become the two sides of the coin called profitable growth.
November 25, 2013 | By: Fredrik Hacklin, Boris Battistini and Martin W. Wallin
A decade ago, when purchasing a new cellphone,informed customers would likely choose between Nokia, Ericsson, Motorola, or perhaps even Siemens. Today, youngsters, hipsters, techies and executives alike opt for Apple, Samsung and LG. What happened?
November 4, 2013 | By: Georg Stampfl and Marc Sniukas
Most “new” business models are not really “new”. Very frequently they are based on replications or re-combinations of existing business model patterns. Consequently, learning from business models from other companies and industries is a very important source of inspiration for business model innovation.
October 23, 2013 | By: Jørn Bang Andersen
The analyses and stories told about Amundsen and Scott’s fascinating and epic race to the South Pole are numerous. In this article I will try to make sense of the race in relation to the lessons derived in view of companies entering the white space or aspiring to succeed with disruptive innovations.
The lessons begin from using the holistic innovation management framework the Innovation Radar (IR) published in MIT Sloan Management Review in 2006.
October 14, 2013 | By: Frank Piller and Kathleen Diener
Successful open innovation relies on intermediaries and platforms connecting an organization with outside solution providers, so called open innovation accelerators (OIAs). With more than 180 players, the market for OIAs however is getting complex and difficult to navigate. A recent study by RWTH Aachen compared these OIA market. In this report, we summarize some of the main findings.