Contagious or by the law!
In November 2009 an EU Manifesto targeted focus on funding and the competences and could read:
“The ambassadors believe that a comprehensive innovation policy , along with increased investment in science, technology and design, will help make Europe more competitive . “
At that time Jean -Philippe Courtois, President Microsoft International, said that the future of Europe depends on the imagination of its people and urged political and business leaders to create a environment that encourages creative thinking.
He said that the technology has the potential to radically transform society and create new jobs, but investment in skills is essential.
“The acquisition of IT skills, for example, is as fundamental as reading and writing, “said Courtois, who spoke on behalf of the 27 ambassadors.” Sigue leyendo
By Stefan Lindegaard
Many people ask what open innovation is. I suggest that you should view open innovation as a philosophy or a mindset that you should embrace within your organization. In a more practical definition, open innovation is about bridging internal and external resources and act on those opportunities. The value proposition this gives companies that get it right is simply too good to miss out on.
I also like this quote from Henry Chesbrough; “Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology”
This still leaves three other questions:
What is crowdsourcing? Wikipedia states that “crowdsourcing is the act of outsourcing tasks, traditionally performed by an employee or contractor, to a large group of people or community (a crowd), through an open call.” I view crowdsourcing as a tool that can be used to bring external input into your organizations.
What is user-driven innovation? I view this as a technique in which companies gain insights from users, which can then be used in the innovation process. I think that a key element in user-driven innovation is the observation of users rather than the use of questionnaires and focus groups. Erich von Hippel is an important influencer with his contributions on lead-user innovation. Sigue leyendo
by Sheldon Laube | Innovation Office, PwC
In a recent Bloomberg article entitled “Why Companies Need Less Innovation“ Pat Lencioni makes the case that companies should not be asking employees to be innovators. He goes as far as to say that leaders should not even be open to more ideas from their employees and that only a few people really need to innovative. He suggests that rank and file employees should not try to innovate but simply “do their jobs and satisfy customers in the most effective and charismatic way possible, but within the bounds of sound business principles.”
Lencioni has a far too limiting view of innovation. Let’s start with the definition of innovation itself. While this is widely debated, I always fall back to the simple dictionary definition:
Something new or different introduced Sigue leyendo
Once upon a time, we had many corporate venture units that invested in external projects as well as in internal projects from the corporate groups that they belonged to.
The number of units declined steadily during the last decade and it continues to do so in the aftermath of the financial crisis. One company that I have always admired is Danfoss Ventures, which is the corporate venture arm of Danfoss, a group with 26,000 employees working with refrigeration, air conditioning, compressors and more.
Unfortunately, Danfoss Ventures – my role model on corporate venture – is now dead. According to Executive Vice President at Danfoss, Nis Storgaard, this is about prioritizing resources where they make most impact. Sigue leyendo
What is happening in the innovation community right now? In this post, I give a quick overview of the top trends and issues based on the interactions I have had over the last month or so.
At the recent Open Innovation Summit, communication in a more holistic perspective was a key topic.
Jeff Boehm of InventionMachine gave a great presentation titled Marketing Innovation in which he argued that innovation success requires internal communication. He’s right and I will share more from this presentation in a later blog post.
At a Think Tank session during the summit, we also identified communication as a key characteristic for open innovation leaders. Some keywords on this were internal & external communication, consistent behavior & messages, deliberate strategy, top-down modeling, confidence to share what you know.
You should check out this post by Andrea Meyer: Unilever, Cisco, Whirlpool: Communication in Open Innovation Sigue leyendo
In a recent post, Where Big Companies Fail on Innovation, I argue that big companies fail to communicate well on their corporate innovation capabilities.
I believe this is a problem as most industries have begun adopting open innovation practices in which a key goal is to become the preferred partner of choice. This requires a significant higher visibility for corporate innovation departments.
Michael Fruhling and Kevin McFarthing contributed with comments in which they argue that companies can still do well with innovation – even open innovation – without communicating much about their efforts. Sigue leyendo
Open Innovation and fear of failure
In the last post I said, “Companies need to address the changing needs and only be able to do that through innovation, which implies a clear development of new information flows and management of connections increasingly demanding and diverse.”
But “When failure is intolerable” besides being an excellent article by Scott Anthony in HBR, is a good starting point to verify the extent to which our connections and information flows are well suited to our needs.
Whilst the communication processes owe their quality to the attitudes and skills of partners and are thus also of court behavior, innovation will only find the right path after removing certain obstacles.
It is true that these obstacles denser when the connections and interactions are made with outside organizations.
Although Scott did not call obstacles, but rather, failures, there are bumps are cracks, failure is part of the barriers to innovation and more acutely open innovation. He identifies three salient flaws:
- When someone knowingly does the wrong thing.
- When someone could have easily discovered that they were doing the wrong thing.
- When someone spent a lot of time and money researching something that could only be learned through experientially.
And why these three obstacles can be significant when we think of open innovation? Sigue leyendo
Posted by Erica Templeman
Today’s post is from Matthew Greeley, Founder and CEO of Brightidea, the global leader in On-Demand Innovation Management software. Prior to founding Brightidea, Matthew consulted for Wrenchead.com, helping them raise over $100 million in venture funding from investors. He holds a degree in Computer Engineering from Stevens Institute of Technology and studied Creativity and Marketing [...]
Today’s post is from Matthew Greeley, Founder and CEO of Brightidea, the global leader in On-Demand Innovation Management software. Prior to founding Brightidea, Matthew consulted for Wrenchead.com, helping them raise over $100 million in venture funding from investors. He holds a degree in Computer Engineering from Stevens Institute of Technology and studied Creativity and Marketing at Stanford University. In addition to his role at Brightidea, Matthew sits on the board of directors of ClearDay Technologies.
After 10 years of working in the trenches of innovation, I have attempted to distill down the ten MOST important concepts that I believe anyone working in this field should be aware of: Sigue leyendo
What is happening in the innovation community right now? In this post, I give a quick overview of the top trends and issues that I see based on the interactions I have had over the last month or so.
How can we establish – or improve – programs that makes us better at identifying and developing ideas and let our own people (intrapreneurs) – turn them into revenue and profits?
I have had two requests on this within a few weeks after a long time with almost no focus on this. A new trend? Perhaps. It also comes with a new twist as some companies finally try to combine this with their open innovation efforts. Very interesting…
Check this article to get an idea of intrapreneurship programs: Driving Innovation In Large Corporations Sigue leyendo