There are four ways to crowdsource answers to your innovation challenges: garden variety crowdsourcing, distant expert sourcing, expert targeting, and force multiplying.
Every year, IdeaScale hosts innovation leaders and creative thinkers from around the world in a global summit that shares innovation best practices. These leaders share success stories, failures, challenges, and solutions as they get to know each other so that they can call on one another throughout the year (long after the event is over).
Shortly, the demands and needs of approximately nine billion people will be about three times the current resources. At this time challenges will accelerate for the deficiencies of resources and enormous production of waste. Circular Business Models (CBM) is the solution for not only improving resource management and decreasing waste production but also reducing costs and expanding firm performance.
There has been a continued debate around finding and adopting a set of standards for innovation. I blow a little hot and cold on this - not dependent on the time of day but the very “force” that is pushing the agenda along. Far, far too many who push for standards often have very narrow agendas, where this fits their commercial purpose and you get the feeling that they are not as aligned to the broader innovation communities as they should be.
At Orange, the international mobile and fixed carrier issued from France Telecom, there is a strategy to diversify the services it offers to its users and has set up Orange Vallée as an external entity to drive innovation. Nicolas Bry tells us more about how the system works.
The innovation ecosystem is not new but it certainly has many new features. Jorn Bang Andersen looks back at the evolution of the innovation ecosystem, where it is now headed and how companies can develop ecosystem strategies.
The paradigm of innovation as driven primarily by technology and science is passé. A new paradigm is emerging, with the publication of success stories of companies innovating through other ways. The Danish and Finnish governments jointly funded a study into the new nature of innovation, as a contribution to the OECD’s work on innovation strategy. Innovationmanagement.se asked the FORA team behind the report to present the highlights. FORA is a research and analysis division under the Danish Authority for Enterprise and Construction
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.
Being the General Manager of TomorrowLab, Steven Peleman knows what is important for the creation of innovation in companies and organizations. Bringing people together outside their companies and helping them to develop new views of their existing innovation organization make a good start. Getting them to take more chances is even better.
It is time to rethink the main drivers of innovation. The key activities for successful innovation are not just company research and participating in innovation systems. One activity that is just as important is skilful information search directed towards opportunities in the world outside the organizaton or innovation system. To understand this line of thinking, we introduce the cave model of innovation.
Not only internal, but also external factors are strong drivers of innovation. Why have, for instance, some places emerged as “hot spots” for innovation? The impact of the location on innovation is the second in a series of five articles by Gunjan Bhardwaj, head of Ernst & Young´s Global Business Performance Think-tank. The topics of the other articles are: Disruptive Innovation; Innovation in Networks; Social Innovation; and Business Model 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.
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.