strategic partnership

The Frustrated Innovation Team: What Should They Do?

Many executives talk a lot about innovation, but they don't really know how to make it happen. A corporate innovation team asks themselves: How do we "educate" our executives on innovation management and develop stronger corporate innovation capabilities together?

Organizing within Networks of Collaborators

Our existing organization needs to envisage a changing world full of disruption that calls for radical change. To meet different challenges, to be highly adaptive it needs to begin to organize around ecosystems to deliver on a vision that recognizes it has to be part of a greater collaborating network to thrive in this highly connected world.

Picking the Right Stakeholders for Open Innovation

What external stakeholder groups can you tap into to build value for your innovation initiatives? Are your relationships with these external stakeholder groups solid or do you need to do additional work to build good, mutually beneficial working relationships? Are there potential stakeholder groups that you have not yet tapped at all? If so, what is your plan for reaching out to organizations within these pools so that you can further expand your innovation ecosystem? Are your channels for communicating with your external stakeholders strong or do they need further work?

A Quick Guide to External Collaboration

Working with external partners to bring better products and services to market faster and/or develop better intellectual property has never been more popular in the world of business than what we see today.

The Four Essential Steps Towards Open Innovation Success

Although ‘open innovation’ is the talk of the town in R&D circles, leveraging external sources of innovation remains challenging for most companies. In 2013, researchers Dr. Joel West (Keck Graduate, Institute of Applied Life Sciences) and Dr. Marcel Bogers (University of Southern Denmark) suggested a four-phase model for inbound innovation projects. They emphasized that open innovation needs to go further than just obtaining external ideas. Integration, commercialization and the interaction between the firm and its collaborators are just as important. This post explores the four essential steps towards open innovation success.

The Importance of Collaboration in the Digital Economy

What’s the future for the connected car, for digital financial services, or for smart and sustainable cities in the new industrial reality? How are innovations and technical developments in 5G, the Internet of Things and spectrum management impacting on future networks and future businesses? And if meaningful, affordable connectivity is the single best bet for accelerating socio-economic development and meeting the UN’s sustainable development goals (SDGs), how can we ensure we reach the billions of unconnected most in need?

Navigating the Make versus Buy Decision: A Crowd Sourced Check List

Product managers facing the make versus buy decision for their organization have a lot to consider. Biases abound. In this article, the innovation architect Doug Collins shares what was on the minds of senior product management leaders on this topic when they convened, recently. Their top 10 factors follow below.

Be Ready for the Next Major Technology Shifts in Your Industry

Technological and industry shifts are important drivers of innovation. Look no further than the advent of the mobile broadband Internet and the shift to the era of intelligent, connected devices. Even though shifts are difficult to anticipate, they often lead to fundamental business changes. Staying up to date with these changes is vital.

What Cleaning Your Closet Can Teach You About Complexity In The Workplace

Is your workplace cluttered? Not in the physical sense, but the figurative one. Do you have a bunch of old tasks and procedures taking up space without adding much value? Just like you have to dig through your closet every so often and get rid of questionable items that you once thought were good purchases, sometimes you have to assess the mental clutter that has built up in the workplace over time and recognize when policies have gone out of style. Tasks and rules that were once must-haves can build exponentially and increase complexity until employees have time for little else, like innovation.

To Approach Change Differently, Change Your Approach

Why do so many corporations operate under the assumption that change initiatives must come from the top down? Mandated change is often out of touch with the everyday work of employees, so it’s met with resistance as they immediately anticipate the additional work these programs entail.

Innovation: An Outside-In Approach

Every organization wants to be thought of as “innovative” and although cliché, there is something said about thinking outside of the box to help you get there. However, simply asking your employees to think outside of the box at your next internal planning session or brainstorm meeting may not be enough to get to those game-changing ideas. To get unique solutions, you need to look at things in new light. The following seven strategies are tactics that will help you take an outside-in approach to innovation, to help you come up with unexpected, richer solutions.

Negotiating Win-Win Strategic Innovation Partnerships

Recognizing that every collaborative endeavor is unique and should be evaluated on its own merits, companies must do their homework before starting to work together. Successful innovation collaborations start with a clear understanding of how each company wants to benefit from the partnership, and how they will work toward a win-win outcome. This article highlights matters to be considered and memorialized in this formative stage of a partnership.

Do-It-Yourself Open Innovation: Discovering Your Complementary Partner

Open Innovation relies on collaboration to achieve success. To determine which firm is the best suited to be an innovation partner, small and medium-sized entities (SMEs) should consider using an approach modeled on the “Want, Find, Get, Manage” methodology developed by Alliance Management Group (AMG). Because of their unique characteristics, broadly summarized as limited resources,SMEs should substitute “want, find and get” with “need, know and negotiate.” Capable and stable management remains a constant.

What is Innovation Governance? – Definition and Scope

Innovation governance can be thought of as a system of mechanisms to align goals, allocate resources and assign decision-making authority for innovation, across the company and with external parties. In this series of articles, professor Jean-Philippe Deschamps delves deeper into this topic; what is innovation governance, what different models are there and which ones seem to be the most effective?

Neuronal Innovation – the Next Big Thing After Open Innovation

This article shows how biomimicry can be put to effective use in designing innovative networks. It builds from similarities between the brain connectome and innovation networks to lead to a novel concept in innovation - Neuronal Innovation. This new concept shows how organizations can become proficient in deploying and using collaborative innovation.