Open innovation uses both internal and external resources and collaborative business systems to solve problems. Traditionally, innovation came from internal R&D, but open innovation spreads costs and risks. It allows companies to find people to solve problems they don't know about. Major companies like Nokia, P&G, and IBM now use open innovation approaches, crowdsourcing ideas and partnering with startups and universities. While it risks losing competitive advantages and secrets, open innovation can lead to new growth by accessing ideas outside a company's walls.
Future enterprise towards 2030 internet business innovation_20-21march2014,at...FutureEnterprise
Frank Gielen - presentation at the workshop "Towards 2030 Internet Business Innovation" organised by FutureEnterprise on 20-21 March 2014 in Athens, Greece
There is a staggering amount of books on innovation, explaining what it’s all about.
In this presentation we give you exactly the opposite: 10 misconceptions on innovation.
*Exposições de Walter Bender, diretor executivo do Media Lab MIT, e David
Cavallo, pesquisador do Media Lab e diretor do grupo de investigação sobre o
"Futuro do Aprendizado" -- Instituto Fernando Henrique Cardoso, 01/06/2005,
NAE, 07/06/2005*
My plenary speech at the inaugural UX Live London conference on October 26, 2017.
Eric Reiss
CEO and Author
4.30pm-5.15pm
Innovation vs. Best Practice – Conflict or Opportunity?
“Best practice” implies doing things in the best possible manner, based on past experience. But we like to think of ourselves as innovators in a dynamic industry – we want to go where no one has gone before. Thus, “best practice” and “innovation” are like oil and water – they don’t easily mix.
How can we, as UX professionals, balance the need for consistency that “best practice” provides, with our on-going mission to improve the quality of our products? How can we create genuine improvements – and when have we been seduced by the evil twins, Fad and Fashion?
“Innovation vs. Best Practice” explores the elements that make up these two ends of the UX spectrum. We’ll take a closer look at the popular definitions of both innovation and best practice – and discover why these are frequently inadequate, misleading, or both. Why is a “standard” not always a “best practice”? And if “invention” can be spontaneous, why is “innovation” always planned?
We’ll also examine some of the worst reasons to innovate, which are also some of the most common, plus the Japanese concept of “chindogu” – “useless innovation.” Perhaps most important of all, we’ll see how User Driven Design helps us avoid harmful innovation in comparison to the more common User Centered Design methodology.
Innovation at Israel Mobile Monetization SummitEric Reiss
Everyone talks about innovation. But what is it? Everyone is developing apps. But will they gain traction in the marketplace? We all want to monetize our creations, but is there a recipe for success?
Perhaps there is. And I presented a new model for evaluating our work at the Mobile Monetization Summit in Tel Aviv in December 2013
Who killed Innovation - by Design the Future Tadeusz KifnerTadeusz Kifner
Who can kill innovation in companies & corporations? What drivers stimulate killers of the innovation? Opportunities in the future will demand new types of human approaches. The innovation needs openness & appropriate stimulation but should avoid "Mr Blockers" described in the presentation.
Future enterprise towards 2030 internet business innovation_20-21march2014,at...FutureEnterprise
Frank Gielen - presentation at the workshop "Towards 2030 Internet Business Innovation" organised by FutureEnterprise on 20-21 March 2014 in Athens, Greece
There is a staggering amount of books on innovation, explaining what it’s all about.
In this presentation we give you exactly the opposite: 10 misconceptions on innovation.
*Exposições de Walter Bender, diretor executivo do Media Lab MIT, e David
Cavallo, pesquisador do Media Lab e diretor do grupo de investigação sobre o
"Futuro do Aprendizado" -- Instituto Fernando Henrique Cardoso, 01/06/2005,
NAE, 07/06/2005*
My plenary speech at the inaugural UX Live London conference on October 26, 2017.
Eric Reiss
CEO and Author
4.30pm-5.15pm
Innovation vs. Best Practice – Conflict or Opportunity?
“Best practice” implies doing things in the best possible manner, based on past experience. But we like to think of ourselves as innovators in a dynamic industry – we want to go where no one has gone before. Thus, “best practice” and “innovation” are like oil and water – they don’t easily mix.
How can we, as UX professionals, balance the need for consistency that “best practice” provides, with our on-going mission to improve the quality of our products? How can we create genuine improvements – and when have we been seduced by the evil twins, Fad and Fashion?
“Innovation vs. Best Practice” explores the elements that make up these two ends of the UX spectrum. We’ll take a closer look at the popular definitions of both innovation and best practice – and discover why these are frequently inadequate, misleading, or both. Why is a “standard” not always a “best practice”? And if “invention” can be spontaneous, why is “innovation” always planned?
We’ll also examine some of the worst reasons to innovate, which are also some of the most common, plus the Japanese concept of “chindogu” – “useless innovation.” Perhaps most important of all, we’ll see how User Driven Design helps us avoid harmful innovation in comparison to the more common User Centered Design methodology.
Innovation at Israel Mobile Monetization SummitEric Reiss
Everyone talks about innovation. But what is it? Everyone is developing apps. But will they gain traction in the marketplace? We all want to monetize our creations, but is there a recipe for success?
Perhaps there is. And I presented a new model for evaluating our work at the Mobile Monetization Summit in Tel Aviv in December 2013
Who killed Innovation - by Design the Future Tadeusz KifnerTadeusz Kifner
Who can kill innovation in companies & corporations? What drivers stimulate killers of the innovation? Opportunities in the future will demand new types of human approaches. The innovation needs openness & appropriate stimulation but should avoid "Mr Blockers" described in the presentation.
Ordinary Innovator - Design the Future Tadeusz KifnerTadeusz Kifner
An innovator is one who does not know it cannot be done. Ordinary innovators are among us in corporations. What they need to create a new value, try new ideas, break rules, recreate processes, introduce goods and services? There is no single innovation tool or method. Breakthroughs & achievement are derivatives of hard work and highly integrated practices performed by motivated people. Innovation needs a systematic approach allowing build a systemic capability & a value proposition. 3 domains help any company to implement innovative approach and establish ordinary innovators in the firm.
Ideon Science's Park approach to network-based innovationIdeon Open
Here's our approach to open sales process and open innovation examples.
1. Inspire
2. Identify challenges
3. Suggest open process
4. Guide, coach, or lead in open innovation
Climate-KIC Business School Summer JourneyFrans Nauta
These are the slides of my yearly class at the Climate-KIC Summer School, run by the business school. It's a full day of training for a class of 50 students in innovation theory and startup tools
A Strategic Approach to Open Innovation - Jeffrey Phillips★ Tony Karrer
In this session, Jeffrey Phillips examines the critical questions you should ask as you establish an open innovation framework: which technologies or ideas? Which partners and how many? Which methods? By taking a strategic approach to open innovation, you’ll find the right ideas or partners more effectively, and you’ll accelerate new products to market more quickly.
Innovation Management - 2 - Types of InnovationJoseph Ho
4 Types of Innovation
- Sustaining Innovation
- Breakthrough Innovation
- Disruptive Innovation
- Basic Research
Dimensions of Innovation Space
- Product
- Process
- Position
- Paradigm
When you look at content strategy closely, you'll discover it runs through virtually every discipline—both online and off—from web development to service design to advertising. Once you understand the generic principles, you can apply content strategy anywhere you choose.
Presenation on Open Innovation in geo organizations in the Netherlands. On innovation, open innovation, findings, future research, relation to geo-information.
It has been proven that meditation helps improve ones capability to innovate. Some of leading Fortune 500 cos are taking to meditation to derive a some breakthrough from their scientists, researchers...
define of creativity ,define of innovation ,types of innovation ,processes of innovation , source of innovation .importance of innovation ,risk involved in innovation
Laura Mocanu of Elite Vision Coaching has an impressive background as a Marketing Professional in her native Romania. This combined with her own career change and a passion for continuing education sets the tone for her work. A business mentor for the Prince’s Trust and Well Being Officer for NIAMH, her own trajectory is an excellent model for what it takes a client to maximize their potential and illustrative of the "Design Thinking" she teaches.
An audio of this presentation can be found at: https://www.dropbox.com/s/v6x32tx449nofqi/14%20Laura%20Mocanu.mp3?dl=0
www.evisioncoaching.co.uk
@EVisionCoaching
Ordinary Innovator - Design the Future Tadeusz KifnerTadeusz Kifner
An innovator is one who does not know it cannot be done. Ordinary innovators are among us in corporations. What they need to create a new value, try new ideas, break rules, recreate processes, introduce goods and services? There is no single innovation tool or method. Breakthroughs & achievement are derivatives of hard work and highly integrated practices performed by motivated people. Innovation needs a systematic approach allowing build a systemic capability & a value proposition. 3 domains help any company to implement innovative approach and establish ordinary innovators in the firm.
Ideon Science's Park approach to network-based innovationIdeon Open
Here's our approach to open sales process and open innovation examples.
1. Inspire
2. Identify challenges
3. Suggest open process
4. Guide, coach, or lead in open innovation
Climate-KIC Business School Summer JourneyFrans Nauta
These are the slides of my yearly class at the Climate-KIC Summer School, run by the business school. It's a full day of training for a class of 50 students in innovation theory and startup tools
A Strategic Approach to Open Innovation - Jeffrey Phillips★ Tony Karrer
In this session, Jeffrey Phillips examines the critical questions you should ask as you establish an open innovation framework: which technologies or ideas? Which partners and how many? Which methods? By taking a strategic approach to open innovation, you’ll find the right ideas or partners more effectively, and you’ll accelerate new products to market more quickly.
Innovation Management - 2 - Types of InnovationJoseph Ho
4 Types of Innovation
- Sustaining Innovation
- Breakthrough Innovation
- Disruptive Innovation
- Basic Research
Dimensions of Innovation Space
- Product
- Process
- Position
- Paradigm
When you look at content strategy closely, you'll discover it runs through virtually every discipline—both online and off—from web development to service design to advertising. Once you understand the generic principles, you can apply content strategy anywhere you choose.
Presenation on Open Innovation in geo organizations in the Netherlands. On innovation, open innovation, findings, future research, relation to geo-information.
It has been proven that meditation helps improve ones capability to innovate. Some of leading Fortune 500 cos are taking to meditation to derive a some breakthrough from their scientists, researchers...
define of creativity ,define of innovation ,types of innovation ,processes of innovation , source of innovation .importance of innovation ,risk involved in innovation
Laura Mocanu of Elite Vision Coaching has an impressive background as a Marketing Professional in her native Romania. This combined with her own career change and a passion for continuing education sets the tone for her work. A business mentor for the Prince’s Trust and Well Being Officer for NIAMH, her own trajectory is an excellent model for what it takes a client to maximize their potential and illustrative of the "Design Thinking" she teaches.
An audio of this presentation can be found at: https://www.dropbox.com/s/v6x32tx449nofqi/14%20Laura%20Mocanu.mp3?dl=0
www.evisioncoaching.co.uk
@EVisionCoaching
The Sales Manager's Guidebook contains all the information you will need to become a top performing sales manager.
Volume 1 will teach you:
- How to create a sales plan
- How to set sales targets
- How to develop an appropriate management style
- How to take over new sales teams
- How to manage the sales effort
- How to recruit and select sales staff
This paper describes trends in consulting business models and provides a tool to help consultancies develop their own new business model. Brief case studies of new models are included.
The Service Profit Chain
Customer Lifecycle
Profitably Serving Customers
Followed by:
Part One – Linking the Customer Lifecycle and Business Logic
Part Two – Developing the Customer Value Package
Part Three – Developing Service Products to fill the Value Package
Part Four – Understanding Service Pricing Strategies
Part Five – Improving Margins through the Service Value Chain
Driving to Market - How to "Drive" Competitive Advantage in your Go To Market...Michael Skok
Developed for the Harvard Innovation Lab workshop series on Startup Secrets.
This is part 4 of the 5 part series by Michael J Skok on how to get competitive advantage as a startup.
Michael's slides are the agenda for the workshop, and are NOT self contained. For fuller coverage of the slides, visit Michael's website http://mjskok.com/
Business model template - design with 16 blocks by @boardofinnoBoard of Innovation
Business model template: Design your business idea with 16 building blocks, and find inspiration in other revenue model examples.
Need more Business Model Innovation? http://www.boardofinnovation.com/business-model-patterns/
Want to try the Business Model Kit?
http://www.boardofinnovation.com/business-model-templates-tools/
Generating opportunity maps with customer jobs to-be-doneHutch Carpenter
Outlines a method for soliciting your customers' jobs-to-be-done. These customer insights then become an opportunity map for targeting high impact innovation.
Being a consultant and also teacher, I noticed gaps between what is being taught and what is being practised. These slides are my attempts to close the gaps.
Part 1 is more on the overview and processes while Part 2 will place more emphasis on Consultant's competencies.
Since many have requested for the copy, I have made this presentation downloadable. Thank you for your visits and comments.
IN THIS SUMMARY
For people who long to be independent in their work and to make the most of their time, independent consulting may be the ideal. An Insider’s Guide to Building a Successful Consulting Practice by Bruce L. Katcher and Adam Snyder provides information that new consultants need to build their business and existing consultants need to accelerate their business. To be a successful independent consultant, it is important to develop a niche, market diligently, provide value to clients, and network for additional business. Independent consulting is not for everyone; but for those who are so inclined, independent consulting can lead to greater satisfaction, greater income, and greater freedom of time.
http://www.bizsum.com/summaries/insiders-guide-building-successful-consulting-practice
Open Innovation: An Paradigm Shift for Sustainable Brand Pioneers - Henry Che...Sustainable Brands
Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal value creation, and expand the markets for external use of innovation. The paradigm assumes that for invention and scientific advancement, firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as they look to advance their technology. Dr. Henry Chesborough provides a look at the idea of open innovation as a backdrop to this year's launch of GreenXChange, an open sustainable intellectual property platform and coalition launched at Davos in January.
Warp #2 tomasz klekowski - do etnographers create technology - customer cen...hub:raum Krakow
Tomasz Klekowski (Business GTM Director EMEA, Intel Corporation) – „Do etnographers create technology? - customer centric innovation at Intel” is a presentation from WARP #2 – hub:raum’s turbo acclerator for CEE startups taking place in Krakow twice a year.
Apply for the next edition! www.hubraum.com/apply (select “Krakow” and “Accelerator”).
More information: www.hubraum.com/warp
Applying Innovation in Software DevelopmentAmish Gandhi
Sometimes the only difference between the winners and the losers is that the winners figure out how to innovate. Innovation is a broad term and this presentation outlines what it means for enterprises and companies involved in developing software. This presentation highlights how innovation can be applied at various stages of software product development and in different ways by applying special techniques, tools and frameworks.
Note: This was also a QCon Shanghai Keynote Talk. Full talk up at http://www.infoq.com/cn/presentations/business-innovation
Perpetual website: http://www.perpetualny.com
In the world of the enterprise, innovation must extend from the initial ambitious ideas gathered from R&D labs around the world, all the way through applied R&D with industry partners, and into the development and commercialization of technology products and platforms.
Innovation starts with the spark of the right culture and talent meeting that ambitious and once hidden idea. But it doesn’t stop there. In the world of the enterprise, I see the practice of innovation as encompassing a full lifecycle. It starts with those crazy and ambitious ideas that are then iterated and shepherded through a rigorous process of applied R&D. For the ideas that finally prove their worth, new technology products
and platforms that address significant business problems are created and taken into the marketplace.
I call this multi-phase process: Full Lifecycle Innovation. It is a practical approach to one of the most creative and essential practices in business today:
Transforming Ideas form the Lab Into Marketplace Realities
The practice of Full lifecycle innovation requires a layer of processes, resources and decision criteria – each one a little different for the four phases of the journey:
1. Open Innovation
2. Applied R&D
3. Product and Platform Development
4. Commercialization
At each step, truly powerful events are triggered, explored and nurtured as different players, technologies and ideas enter the mix. All of them are serving the goal of creating something that is substantially bigger and more impactful than the simple sum of its parts. Something that is truly remarkable.
At NTT i3, we believe that Full Lifecycle Innovation is about:
Curating a culture of ambitious ideas
With rebellious talent from around the world
Dedicated to turning hidden opportunities into real products
That make a difference for the enterprise
Ignite your strategic thinking mit innovation labAlan Scrase
IGNITE your…. strategic thinking
Presenter – Dr. Dave Richards, experienced and highly successful serial entrepreneur, innovator and master strategist, will be presenting on
“The MIT Innovation Lab: 5 key Learnings”
Dr Dave is an inspirational speaker, adviser, author and globally recognised thought leader.
He is honorary visiting Fellow with the Faculty of Management, Cass Business School, City University, London, co-founder and honorary lifetime member of the Massachusetts Institute of Technology Innovation Lab, Fellow of the Institute of Directors and the Royal Society for the Encouragement of the Arts, Manufactures & Commerce as well as adviser to a variety of business and government leaders.
Why open innovation offers opportunities for startupsJean-Yves Huwart
Big corporations have no choices : they must open up their innovation process to startups. Startups can count on new opportunities. If a risk exists to be stolen one's ideas, some careful practices help to reduce it as much as possible.
Want to know about open innovation and its process in detail? Become a part of innovation courses offered by MIT ID Innovation.
For more details, visit : https://mitidinnovation.com/recreation/open-innovation/
Search and Society: Reimagining Information Access for Radical FuturesBhaskar Mitra
The field of Information retrieval (IR) is currently undergoing a transformative shift, at least partly due to the emerging applications of generative AI to information access. In this talk, we will deliberate on the sociotechnical implications of generative AI for information access. We will argue that there is both a critical necessity and an exciting opportunity for the IR community to re-center our research agendas on societal needs while dismantling the artificial separation between the work on fairness, accountability, transparency, and ethics in IR and the rest of IR research. Instead of adopting a reactionary strategy of trying to mitigate potential social harms from emerging technologies, the community should aim to proactively set the research agenda for the kinds of systems we should build inspired by diverse explicitly stated sociotechnical imaginaries. The sociotechnical imaginaries that underpin the design and development of information access technologies needs to be explicitly articulated, and we need to develop theories of change in context of these diverse perspectives. Our guiding future imaginaries must be informed by other academic fields, such as democratic theory and critical theory, and should be co-developed with social science scholars, legal scholars, civil rights and social justice activists, and artists, among others.
PHP Frameworks: I want to break free (IPC Berlin 2024)Ralf Eggert
In this presentation, we examine the challenges and limitations of relying too heavily on PHP frameworks in web development. We discuss the history of PHP and its frameworks to understand how this dependence has evolved. The focus will be on providing concrete tips and strategies to reduce reliance on these frameworks, based on real-world examples and practical considerations. The goal is to equip developers with the skills and knowledge to create more flexible and future-proof web applications. We'll explore the importance of maintaining autonomy in a rapidly changing tech landscape and how to make informed decisions in PHP development.
This talk is aimed at encouraging a more independent approach to using PHP frameworks, moving towards a more flexible and future-proof approach to PHP development.
GraphRAG is All You need? LLM & Knowledge GraphGuy Korland
Guy Korland, CEO and Co-founder of FalkorDB, will review two articles on the integration of language models with knowledge graphs.
1. Unifying Large Language Models and Knowledge Graphs: A Roadmap.
https://arxiv.org/abs/2306.08302
2. Microsoft Research's GraphRAG paper and a review paper on various uses of knowledge graphs:
https://www.microsoft.com/en-us/research/blog/graphrag-unlocking-llm-discovery-on-narrative-private-data/
Neuro-symbolic is not enough, we need neuro-*semantic*Frank van Harmelen
Neuro-symbolic (NeSy) AI is on the rise. However, simply machine learning on just any symbolic structure is not sufficient to really harvest the gains of NeSy. These will only be gained when the symbolic structures have an actual semantics. I give an operational definition of semantics as “predictable inference”.
All of this illustrated with link prediction over knowledge graphs, but the argument is general.
State of ICS and IoT Cyber Threat Landscape Report 2024 previewPrayukth K V
The IoT and OT threat landscape report has been prepared by the Threat Research Team at Sectrio using data from Sectrio, cyber threat intelligence farming facilities spread across over 85 cities around the world. In addition, Sectrio also runs AI-based advanced threat and payload engagement facilities that serve as sinks to attract and engage sophisticated threat actors, and newer malware including new variants and latent threats that are at an earlier stage of development.
The latest edition of the OT/ICS and IoT security Threat Landscape Report 2024 also covers:
State of global ICS asset and network exposure
Sectoral targets and attacks as well as the cost of ransom
Global APT activity, AI usage, actor and tactic profiles, and implications
Rise in volumes of AI-powered cyberattacks
Major cyber events in 2024
Malware and malicious payload trends
Cyberattack types and targets
Vulnerability exploit attempts on CVEs
Attacks on counties – USA
Expansion of bot farms – how, where, and why
In-depth analysis of the cyber threat landscape across North America, South America, Europe, APAC, and the Middle East
Why are attacks on smart factories rising?
Cyber risk predictions
Axis of attacks – Europe
Systemic attacks in the Middle East
Download the full report from here:
https://sectrio.com/resources/ot-threat-landscape-reports/sectrio-releases-ot-ics-and-iot-security-threat-landscape-report-2024/
"Impact of front-end architecture on development cost", Viktor TurskyiFwdays
I have heard many times that architecture is not important for the front-end. Also, many times I have seen how developers implement features on the front-end just following the standard rules for a framework and think that this is enough to successfully launch the project, and then the project fails. How to prevent this and what approach to choose? I have launched dozens of complex projects and during the talk we will analyze which approaches have worked for me and which have not.
UiPath Test Automation using UiPath Test Suite series, part 4DianaGray10
Welcome to UiPath Test Automation using UiPath Test Suite series part 4. In this session, we will cover Test Manager overview along with SAP heatmap.
The UiPath Test Manager overview with SAP heatmap webinar offers a concise yet comprehensive exploration of the role of a Test Manager within SAP environments, coupled with the utilization of heatmaps for effective testing strategies.
Participants will gain insights into the responsibilities, challenges, and best practices associated with test management in SAP projects. Additionally, the webinar delves into the significance of heatmaps as a visual aid for identifying testing priorities, areas of risk, and resource allocation within SAP landscapes. Through this session, attendees can expect to enhance their understanding of test management principles while learning practical approaches to optimize testing processes in SAP environments using heatmap visualization techniques
What will you get from this session?
1. Insights into SAP testing best practices
2. Heatmap utilization for testing
3. Optimization of testing processes
4. Demo
Topics covered:
Execution from the test manager
Orchestrator execution result
Defect reporting
SAP heatmap example with demo
Speaker:
Deepak Rai, Automation Practice Lead, Boundaryless Group and UiPath MVP
The Art of the Pitch: WordPress Relationships and SalesLaura Byrne
Clients don’t know what they don’t know. What web solutions are right for them? How does WordPress come into the picture? How do you make sure you understand scope and timeline? What do you do if sometime changes?
All these questions and more will be explored as we talk about matching clients’ needs with what your agency offers without pulling teeth or pulling your hair out. Practical tips, and strategies for successful relationship building that leads to closing the deal.
Kubernetes & AI - Beauty and the Beast !?! @KCD Istanbul 2024Tobias Schneck
As AI technology is pushing into IT I was wondering myself, as an “infrastructure container kubernetes guy”, how get this fancy AI technology get managed from an infrastructure operational view? Is it possible to apply our lovely cloud native principals as well? What benefit’s both technologies could bring to each other?
Let me take this questions and provide you a short journey through existing deployment models and use cases for AI software. On practical examples, we discuss what cloud/on-premise strategy we may need for applying it to our own infrastructure to get it to work from an enterprise perspective. I want to give an overview about infrastructure requirements and technologies, what could be beneficial or limiting your AI use cases in an enterprise environment. An interactive Demo will give you some insides, what approaches I got already working for real.
How world-class product teams are winning in the AI era by CEO and Founder, P...
Open Innovation
1. Open Innovation
As a Collaborative Business Process
Simon Reynolds
simonreynolds.com.au
twitter.com/simonnreynolds
2. Innovation
Invention, New Ideas, Creating new products
Traditionally has been closed innovation
Driven by Technology
Engineering and R&D
Comes from Internal Research
Creates false positives & false negatives
4. What is Open Innovation?
Uses Internal AND External resources
5. What is Open Innovation?
Uses Internal AND External resources
Looking outside for answers
6. What is Open Innovation?
Uses Internal AND External resources
Looking outside for answers
Solving problems
7. What is Open Innovation?
Uses Internal AND External resources
Looking outside for answers
Solving problems
Everyone is the best at something!
8. What is Open Innovation?
Uses Internal AND External resources
Looking outside for answers
Solving problems
Everyone is the best at something!
Uses collaborative business systems to function
9. Why Open Innovation?
"No single company is large enough or
inventive enough to be an innovation leader
without collaborating with an array of
partners,"
A.T. Kearney 2008, "Open Innovation: the next frontier in
innovation management."
10. Why Open Innovation?
Spreads Risk and Cost
Finding people to solve problems
Finding out things you don’t know
Solves Business Problems
Finding new sources of growth
Business and Value Generated - (P&G using only 10% of
their developed patents)
Invention itself is not going get market success (you can be
inventive without being innovative)
13. Where IT fits in?
What Open Innovation would be like WITHOUT IT
•Severely diminished capacity to innovate
•Mostly limited to mail and personal visits
•Costly, time-consuming and limiting
•Scope of possible innovators is limited to large companies and universities.
IT gives many possibilities for open innovation:
•Faster and wider communication
•Ability to find innovators and innovations
“the trouble was that uniquely prepared minds can be illusive, like
the proverbial needle in the haystack” (Tapscott & Williams 2007)
•Ability to Share resources
•Ability to Distribute Processing
14. How is Open Innovation
being used?
“when a company gets big enough the ability to
innovate within diminishes” Dr. Bob Iannucci, CTO of
Nokia and Head of Nokia Research Center
15. How is Open Innovation
being used?
Nokia – Forum Nokia, OKI, Beta Labs, Closed down research labs and
opened ones next to universities
Procter and Gamble – 50% of innovations are developed from external
parties, provide a webspace for innovators to partner with P&G,
Innovation scouts *Pringle Chips printing process example*
Kraft – Provides a webspace for innovators to partner with Kraft to
deliver innovations in various domains
IBM – More than half of their revenue is made by making technology
which fits other’s needs (including competitors) (IBM Global Services)
Intel – Developed the open innovation framework that Nokia (and many
others) uses
Ideagoras: - Market Places for ideas
Innocentive - Werner Mueller developed anti wrinkle technology for
cotton clothes
16. Issues
• Giving away business secrets, designs, &
processes
• Risk of losing your competitive advantage
• Possibility of creating new competitors
• Shared risk between those involved
• May rely too heavily on others – what if they fail to
perform?
• Must be open with Others
• Holding back important data or information can be
costly
17. Where to find out more?
https://www.pgconnectdevelop.com/
http://research.nokia.com/openinnovation
http://www.kraftfoods.com/innovatewithkraft
http://www.wikinomics.com
Wikinomics: How Mass Collaboration Changes
Everything - Don Tapscott 2006