Creating An Innovation Culture In Your Organization Dwayne Spradlin
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The document discusses creating an innovation culture in organizations. It argues that open innovation is a powerful approach that allows organizations to be better, faster and more cost effective. Open innovation requires tapping outside ideas and problem solving through crowdsourcing approaches. This differs from traditional closed innovation models and requires organizations to develop a new mindset and culture that embraces openness and external contributions.
![Lifelines, “Ask the Audience” and Crowdsourcing ,[object Object]](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
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Creating An Innovation Culture In Your Organization Dwayne Spradlin
- 1. “ Open” Creating an Innovation Culture in Your Organization UN June 10th 2009 Dwayne Spradlin CEO InnoCentive, Inc.
- 3. Humans irrationally gravitate to what they know
- 4. Uniquely prepared minds are everywhere
- 5. Implications for Businesses* Graphics property of respective owners
- 6. Innovation in 2009 & Beyond 1 BETTER Creativity and access to the brightest minds on demand 2 FASTER Competition and market conditions demand it 3 More Cost Effectively Than Before Pressure on expenses Organizations need to re-shape themselves Flexible platforms, organizations, business models and budgeting Organizations need to innovate in three ways: Open Innovation is a POWEFUL ANSWER for Businesses, Foundations, and Government alike
- 7. The Benefits of Open Innovation Faster time to market Faster product development cycles Avoid reinventing the wheel Accelerated Innovation Fund Solutions, not “trial & error projects” Faster realization of breakthrough challenges Dynamic flexibility to meet ebb & flow of demand More highly skilled resources without fixed costs BETTER, FASTER, and COST EFFECTIVE
- 8. A Crisis is a Terrible Thing to Waste
- 9. Open Innovation requires different mindset and Company Culture Difference between traditional innovation and open innovation: Open innovation requiresa different mindset and company culture from traditional or closed innovation. Source: www.wikipedia.org
- 10. Culture eats Strategy for Lunch - Customer Champion
- 11. Distinguished Panelists JUDITH ESTRIN, Author, Closing the Innovation Gap: Reigniting the Spark of Creativity in a Global EconomyTHE INNOVATION ECOSYSTEM MARTHIN DE BEER, SVP, Emerging Technologies Group, CISCO SystemsCREATING YOUR INNOVATION HUB NEIL BLAKESLEY, VP, Strategy Marketing & Propositions, BT AmericasUNLOCKING YOUR HIDDEN TALENT JOHN GIBSON, CEO, ParadigmRE-ENERGIZING THE ENERGY INDUSTRY
Editor's Notes
- voiceover CRITICAL. It’s what everyone sells and only we can offer via 1) diversity 2) parallel processing and self selection and 3) offloading failure risk.
- The world has changed a lot in 6 months – even before Sept 08. 9-11 without the smoke and sirens All business leaders are effected and need to modify strategies
- 1. Let’s define OI2.Biggest Issues Culture Change – Do It Yourself ----- Proudly Found Elsewhere3. Find and combine Internal and External Ideas