Collaboration is the New Hot Thing
Collaboration is the new hot thing. The idea is not new and one can trace its origins from the Silk route, to the old Italian Shipping cluster, to the Medicis, to the evolution of different industries, to the new age of globalisation to the new age we see today. However, we live in a business age with hype cycles and buzzwords serving as adrenalins. Everybody is talking collaboration. The new impetus has come because of three main reasons.
The Basics of Open Innovation
Open innovation is one of the hottest issues in the world of innovation today, but also perhaps the least understood. Jeffrey Baumgartner shares a simple framework for thinking about open innovation, its pros and cons, and how you may be able to utilize it to help spur innovation in your organization.
21 Great Ways to Innovate
Continuous innovation is not easy and if you keep using the same method you will experience diminishing results. Try innovating how you innovate by employing some of these ideas from Paul Sloane.
Adding Value to Customers Through Collaborative Innovation
The role of innovation in industry has changed. What used to be a closed and often secretive exclusive business of the R&D department is now being transformed to an open and collaborative eco system in many companies. InnovationManagement.se spoke to GBS Bindra, Global Innovation Director at Logica about the role of innovation.
How to Align Innovation with Your Corporate Strategy
For any corporate innovation initiative to succeed, it is important that it is aligned with corporate strategy. Jeffrey Baumgartner shares a simple three step approach to help ensure that this happens and to avoid common pitfalls.
The Legal Side of Open Innovation
There is one area in which open innovation differs significantly from in-house innovation: the legal element. The consequences of ignoring the legal side of open innovation can be catastrophically expensive, warns Jeffrey Baumgartner.
Are you ready for open innovation?
How do you know if your company is ready for open innovation, and what does it take to get there? Michael Dalton explores one potential framework for assessing your organizational readiness.
Henry Chesbrough About the Future of Open Innovation
Henry Chesbrough is known as the father of Open innovation. InnovationManagement.se asked him about the concept and how companies can benefit from working with Open innovation.
Open Innovation: Why Mindset Matters Most
I have long argued that companies should look more at the people side of innovation rather than concentrating all their efforts on processes and concepts. The necessity of building trust as a basis for successful open innovation makes this even more relevant, and it also brings more power to the people who really drive innovation within a company.
Three forms of open innovation: Cases from GE Capital, Coca-Cola, Hyundai and LG
When you apply such a broad definition of open innovation, which can be summed up as the opposite of doing everything yourself, you also get the sense that open innovation is actually much more about mindset than processes. You also understand that almost every company already applies some kind of open innovation today. To prove this point, let's take a look at these quite different examples from GE Capital/Hyundai, Coca-Cola and LG.
Innovating on Slender Means
When you are cutting costs and squeezing resources in all areas how can you find the people, time and money for innovation? Paul Sloane offers 5 practical strategies for innovating on slender means.
Purpose-Driven Innovation: The Key to Soliciting High-Quality Employee Ideas
You have doubtless visited a hotel or restaurant or other service business where a small box invited you to offer suggestions on "how can we better serve you?" Very likely, you never bothered to make a suggestion because, like most people, you sincerely doubted anything would happen to your suggestion. Indeed, I often wondered if such boxes were ever emptied and suggestions read! In other words, you probably didn't make the effort to offer a suggestion because there seemed to be no purpose to doing so.
Eight Critical Ingredients for Successful Corporate Innovation
Jeffrey Baumgartner shares eight ingredients that are critical to the success of any innovation program.
Innovation: A Leadership Issue
Creating a sustainable innovative environment is a leadership task. In order to succeed at this task, leaders must develop innovative abilities and develop them in their constituents. Here's how.
An Overview of Idea Management Systems
Idea management technology helps organizations to gather ideas from all employees, evaluate them and bring them to market faster than ever before. Learn more about the typical features of these powerful tools, and the benefits they can provide to firms like yours.