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Making Open Innovation Work - presentation by Stefan Lindegaard
 

Making Open Innovation Work - presentation by Stefan Lindegaard

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My latest presentation slides on making open innovation work.

My latest presentation slides on making open innovation work.

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  • 7 Reasons Big Companies Can’t Build Strong Relationships for Innovation
  • Big and small differences
  • establish benefits
  • Big and small differences
  • establish benefits
  • establish benefits

Making Open Innovation Work - presentation by Stefan Lindegaard Making Open Innovation Work - presentation by Stefan Lindegaard Presentation Transcript

  • MakingOpen Innovation Work- Going from the Why to the How www.15inno.com 15inno by Stefan Lindegaard at LinkedIn Groups stefanlindegaard@me.com Twitter: @lindegaardHey! Freebookson 15inno.com!
  • We have no choice!Innovation is about connecting the dotsSocial media is about connecting the dots
  • Change how we innovateBe competitively unpredictableDevelop the right conditions and framework
  • “…a philosophy or a mindset that theyshould embrace within their organization.This mindset should enable theirorganization to work with external input tothe innovation process just as naturally as itdoes with internal input”- Making Open Innovation Work, 2011
  • Partnerships, alliances, consortia, networks DirectedSupplier Summits, Entrepreneur Days Instructions Directive, invitational Directive, participative None Suggestive, invitational Suggestive, participative Relatively few Invitations “Everyone” Credit: OVO Innovation
  • ARLA COLOPLAST GRUNDFOS LUNDBECK LEGO VESTAS NOVOZYMES DONGCycle time, money, IPR and conservatism
  • media are key drivers forterm is gone in 5-7 years! Open innovation as a o
  • Hit the window - organize for fast pace, fast changeCrack the X – middle managers / leaders are key!Build sandboxes – and learn from failureBecome better communicators (all stakeholders)
  • Support and facilitate business unitsExpect pushback – Skeptics, legal, communicationLearn from others – not just at the start!Make communities work!
  • Mindset: We are bigger than you vs fair dealsNo networking culture; no innovation cultureNo direction, no resources (training and time)Don’t turn me off! (portals, legal docs, handlers)
  • T (Top Down): Get the executives onboardB (Bottom Up): Get employees engaged, involvedX (Across): Middle managers is biggest challengeO (Outside): Bring in external input, resources
  • No universal package –fit to your organization
  • Why big companiesneed small companies
  • #1 They live on the cutting edge!#2 They break the rules and take more risks!#3 They are closer to markets!Big companies bring scale and access to markets!
  • Innovation strategy vs entrepreneurship (do or die!)Speed – who understands / manages the business?Following vs breaking rules, attitude towards risksDriver’s seat vs back seat
  • Why things go wrong
  • #1 Trust is not established!#2 They don’t do the homework!#3 More focus on own gains rather than win-win!
  • Create simple letter of understanding thatoutlines working principles for partnership
  • Set expectations upfront to avoid the “falsepositives” mode
  • Don’t end up negotiating with a closedinnovation mindset
  • Individuals really make the differenceStakeholder management and early wins are keyWhere are the personal goals, the BHAGs?People, first, processes next, then ideas
  • Holistic view: Go beyond productsNetworking, communication skillsKey role is to facilitate, integrate
  • Direction, training, time – and courage toleave comfort zone, experiment, be visionary!
  • Get in touch! www.15inno.com 15inno by Stefan Lindegaard at LinkedIn Groups stefanlindegaard@me.com Twitter: @lindegaardHey! Freebookson 15inno.com!