So You Think You Know Your Competitors? Think Again.
A brand-new car sold by a vending machine and a robot that brings in the laundry - in this article, we'll explore how to prepare for new competitors entering the market.
Open Innovation: Colgate’s Sensible External Partnership Approach
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.
Open Innovation: The Technology Scouting Uncertainty Principle
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?
This is no time for ‘idea tourism’
Seth Godin recently published a blog post about a concept called "idea tourism." In it, he warns that we can't just be spectators when we come in contact with big ideas that could potentially transform our businesses. Rather than superfically reading about this big idea, I decided to dig deeper into it, to understand what it really means to you and I.
How to find potential open innovation partners
The world if filled with incredibly smart people. If you can locate them and convince them to partner with you, they can help to drive your open innovation efforts forward. Stefan Lindegaard shares several strategies for making that happen.
Is open innovation over-hyped?
Open innovation has been hyped in the media and by some consulting firms over the past few years as the next new thing and is just giving a term to an activity that has been underway in business for a long time. Simply put, open innovation is partnering to gain leverage and build barriers to competition.
Government’s promising role in fostering open innovation
One key partner that has the potential to greatly affect and enhance the human condition is government. This author prefers the open market as the main catalyst for change, but given the complexity and scale of certain types of research, government can play a vital role in advancing knowledge in science and technology by supporting basic research. While some governments have been funding research for quite some time, the inefficiency of the process may be keeping new discoveries from being commercialized.