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Open Innovation Quick Tip #2:
How do you build a solid foundation for breakthrough OI? Six big ideas: I am seeing more companies realize they need to innovate from the outside in. They recognize growth requires doing new things, not working on the same things competitors are working on. They can no longer just discover, develop and ship to create…
Measuring your Open Innovation Strategy
Open innovation is the go-to strategy of the decade! As leaders try to be more innovative in the workplace, they look to external partners, universities and their networks to meet their growing demands for innovation across all areas of their business. I believe that open innovation is the strategy that will determine whether or not…
New Era of Healthcare Highlights Need for Partnerships to Overcome the Value Gap
One of the most important areas for Open Innovation in the last decade has been in the field of healthcare. Wholesale changes in the way Americans consume healthcare have greatly fragmented and complicated the external market and especially the back end of the business side. Today patients must navigate intricate networks of providers and multiple…
Using Co-creation To Put Innovation on Fast Track to Success
Innovation is adapting to a new age. Companies are dealing with so many more challenges today than in the past. They are competing harder than ever to create and communicate new products and services. They are looking for ways to quickly discover and implement new ideas, and many are turning to the power of co-creation….
Is your Open Innovation Portal like a backyard bird feeder?
My wife and I like birdwatching or birding. For us, backyard birding is a recreational activity. We place several types of bird feeders in our backyard and we fill each with different kinds of bird seed. In particular we like Kaytee Bird Seed from nearby Chilton. Watching the variety of birds at the feeders recently…
The future of Open Innovation looks bright!
Thanks to all of you who came to CoDev2015 last week in Scottsdale! It was a truly collaborative and forward-thinking gathering of innovators, with an extraordinary amount of knowledge and willingness to share. We came away with many new insights, and we greatly appreciate everyone’s openness. As Rosemary Pennington of J.M. Smucker Company, put it…