This document discusses how open innovation can help companies transform in today's digital world. It notes that 52% of Fortune 500 companies have disappeared since 2000 as the world changes rapidly. The document advocates that companies tap into ideas from a wide network of innovators through various modes of open innovation like partnerships, contests, and online communities. It provides examples of how different organizations have successfully launched open innovation programs to source ideas from startups, students, and other external innovators. The key message is that open innovation can help companies access more and better ideas to stay relevant in a fast-changing business environment.
2. The world is not changing.
The world has changed!
3. Pitch Deck
Being Disrupted by Digital
52%
of the Fortune 500 have disappeared since 2000
30%
of revenues of large companies will be generated from
Digital in the next 2 years
67%
of the CEOS from top 2000 global enterprise placed
digital transformation at the center of their strategy
7. « We didn’t do anything wrong,
but somehow, we lost. »
Stephen Elop – former Nokia CEO
8. Where you see a
problem, the others
see a solution
We are stronger
together to find the
right solutions
.
Communicate
and the solutions
will come to you
THE POWER OF OPEN INNOVATION
Tap into an
almost unlimited
number of ideas
15. Strategic Partnership
A bilateral relationship used when projects
are ill-structured and complex but relate to
well-known technological solution areas.
Mode 2
Open Innovation
Platform / Contest
A competition used when a problem
requires access to the “long tail” of solution
knowledge
Mode 3
Traditional IP Contract
A market transaction typically used when a
single owner controls a needed specific
technology
Mode 1
Open Innovation
Community
A collaboration among different parties used
when joint problem solving is required
Mode 4
Modes of
Open Innovation
ONLINE
MODELS
OFFLINE
MODELS
PROBLEM COMPLEXITY HIGH
HIDDENNESSOFKNOWLEDGE
HIGH
HOW? 4 MODES OF DOING OPEN INNOVATION
LOW
SOURCE: Accenture
16. üMORE PARTICIPANTS
üMORE TIME
üMORE QUALITY
üMATCHMAKING MORE RELEVANT
üNO GEOGRAPHICAL LIMIT
FROM OFFLINE
TO ONLINE
BRINGING THE CONCEPT TO THE NEXT LEVEL
ü48H HACKATHON
üIDEA BOX
üWORKSHOPS
üINNOVATION LABS
17. TURN A GOOD IDEA
INTO REALITY
Ideation / Sourcing
Teams are created online and first ideas
are submitted
01
Mentoring / Deepening
Selected teams are mentored by
company
02
Start of the Challenge
Online Vote
19. Calling all green-tech and
social-tech startups from HK
50+ startups applying
5 Successful Incubations
20. Rethink the Customer Relationship
in a New Era of Digital Financial
Services in Asia
98+ startups from 13 countries
5 Successful Collaborations in India,
South Korea, Japan and Taiwan
21. Invent the profesional salon of the
future
25,000 students from 60 countries
100+ new hires
22. Online program for young female
leaders
600+ students from HK top
universities
5 finalists joined the Microsoft
Graduate Program
23. ALWAYS LOOK AT YOUR COMPETITORS TO NOT FINISH LIKE NOKIA