Reflections on Open Innovation

Por jabaldaia | //

What do you think?

“The next challenge of Open Innovationis the title of a article HBR in John Hagel III and John Seely Brown, who points out some directions , not way forward, but questions.

There you can read …“Thus it’s little surprise that nearly every company now has some sort of experiment or program relating to open innovation. Open innovation means reaching out to take advantage of talent beyond the firm (or responding to such outreach opportunities). It’s a terrific concept, borne out by several oft-repeated examples such as InnoCentive and GoldCorp.

But are companies, with all their good intentions, getting the most from open innovation? We suspect that the initial successes, encouraging as they are, represent only the beginning. What if open innovation were defined more broadly and more ambitiously? Could even greater value be realized? If so, what would the next wave of open innovation look like?” Seguir leyendo “Reflections on Open Innovation”

The Rubbery Challenges of Innovation

By Adam Richardson – //

I have recently started blogging for Harvard Business Review which is an exciting forum to be part of, and certainly I’m humbled to be in such esteemed company as John Hagel, Roger Martin, Michael Schrage, Rosabeth Moss Kanter, and many others. The first installment looked at the benefits from not over-determining a product in an early-stage category, using the iPad as an example, and the second at the downsides of using skunk works to boost innovation.

The latest one just went up today and it looks at recent studies by IBM and McKinsey that illuminate two key challenges many organizations face when trying to manage innovation: creativity to come up with innovative ideas in the first place, and effectively implementing them so they reach the market in the manner originally envisioned.

“I remember a conversation with an engineer at a large company’s future technologies lab describing what they did as “rubber meets the sky”, as opposed to “rubber meets the road.” The former is about coming up with creative new ideas, the latter about bringing them to the market. Both are needed, of course, and two recent reports shed light on the challenges that companies often still face when trying do both well. Seguir leyendo “The Rubbery Challenges of Innovation”

Shape Serendipity, Understand Stress, Reignite Passion

John Hagel III and John Seely Brown

We are delighted when we get approached by readers to discuss our latest book, The Power of Pull. Based on our encounters with readers, we see four themes resonating deeply.

Feeling more stress? You are not alone. We all feel increasingly stressed. This stands in stark contrast to the daily news headlines focused on the early signs of an economic recovery. Is this stress all in our minds?

The 2009 Shift Index for the U.S. Economy, which we released in June 2009, revealed a troubling long-term trend: return on assets (ROA) for U.S. public companies declined by a staggering 75% since 1965. This long-term view of company profitability calls into question the health of U.S. corporations. This is a wake-up call for executives running these companies. They have become so focused on short-term quarterly performance and economic cycles that they have completely lost sight of longer term trends that, in the end, have a far more profound impact on corporate performance.

This performance deterioration experienced by companies ripples down to all of us working within these companies. Even those of us not working for companies find that we are facing intensifying competition from talented individuals around the world. So, the stress is real. Our book validates this, but more importantly, it provides pragmatic pathways to overcome this stress, both for individuals and for companies.

Serendipity can be shaped. Being in the right place at the right time is not a new concept; the catchy little phrase has been with us since childhood. But is a fortuitous encounter that leads to a new business contract pure luck? Are some people luckier? Does luck last?

We believe you can shape serendipity. This is a very counter-intuitive notion. After all, most of us believe that serendipity is pure luck. How can you shape luck? While chance is an intrinsic element of serendipity, we believe that you can significantly alter the probability and quality of the unexpected encounters in our lives. Seguir leyendo “Shape Serendipity, Understand Stress, Reignite Passion”

Jobs: Passion—or a Steady Paycheck?

More people are leaving behind uninspiring careers and trying to earn a living from work they love. The government can help them reinvent themselves

By John Seely Brown
After more than a decade in the advertising business, Erik Proulx found himself on the wrong end of a pink slip. What most people might have deemed a setback, though, he saw as an opportunity. Instead of looking for another job making TV commercials, Proulx dove into a longtime dream: filmmaking. Last December he released a documentary called Lemonade, which chronicles the lives of ad industry veterans who reinvented themselves after being laid off: a coffee roaster, a nutrition coach, an artist, and others who, like Proulx, decided to pursue their passions rather than return to careers that were no longer inspiring. Seguir leyendo “Jobs: Passion—or a Steady Paycheck?”