Making Open Innovation Work - presentation by Stefan Lindegaard

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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

    1. 1. 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!
    2. 2. We have no choice!Innovation is about connecting the dotsSocial media is about connecting the dots
    3. 3. Change how we innovateBe competitively unpredictableDevelop the right conditions and framework
    4. 4. “…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
    5. 5. 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
    6. 6. ARLA COLOPLAST GRUNDFOS LUNDBECK LEGO VESTAS NOVOZYMES DONGCycle time, money, IPR and conservatism
    7. 7. media are key drivers forterm is gone in 5-7 years! Open innovation as a o
    8. 8. 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)
    9. 9. Support and facilitate business unitsExpect pushback – Skeptics, legal, communicationLearn from others – not just at the start!Make communities work!
    10. 10. 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)
    11. 11. 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
    12. 12. No universal package –fit to your organization
    13. 13. Why big companiesneed small companies
    14. 14. #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!
    15. 15. 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
    16. 16. Why things go wrong
    17. 17. #1 Trust is not established!#2 They don’t do the homework!#3 More focus on own gains rather than win-win!
    18. 18. Create simple letter of understanding thatoutlines working principles for partnership
    19. 19. Set expectations upfront to avoid the “falsepositives” mode
    20. 20. Don’t end up negotiating with a closedinnovation mindset
    21. 21. Individuals really make the differenceStakeholder management and early wins are keyWhere are the personal goals, the BHAGs?People, first, processes next, then ideas
    22. 22. Holistic view: Go beyond productsNetworking, communication skillsKey role is to facilitate, integrate
    23. 23. Direction, training, time – and courage toleave comfort zone, experiment, be visionary!
    24. 24. Get in touch! www.15inno.com 15inno by Stefan Lindegaard at LinkedIn Groups stefanlindegaard@me.com Twitter: @lindegaardHey! Freebookson 15inno.com!

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