Over the last 5 years, Open Innovation has been evolving quite a lot in the ways it can be defined and implemented. Rather than proposing one more definition or describe one specific way to approach it, here is a set of trends I foresee based on the numbers of projects I have been involved in and the evolution of needs from organizations, would they be major corporations, SMEs or Public Services.
Ten years ago I was in a collaboration effort with one of the major consulting firms on a concept called “button and threads”. It caught my imagination and a number of important people in the Singapore authority the Economic Development Board , those responsible for providing the focal point in economic development where business, innovation and talent are nurtured.
Year after year, our Global Innovation 1000 study has demonstrated that it is not how much companies spend on research and development that determines success—what really matters is how those R&D funds are invested in capabilities,...
One of life's little ironies is the fact that irony is everywhere and so often unidentified or unappreciated. In the innovation space we encounter irony, often unintentional irony, quite often. Before we go further though, let's make sure of our definitions.
Dealing with the move from the Industrial Era to the Digital Era was tough for many companies. And now we are in the middle of yet another transformation of comparable magnitude. Today’s customers, clients and consumers are instrumented, interconnected, intelligent, engaged, informed and empowered. They want companies they buy from to interact with them on their terms and personalize marketing offers and customer support. They even want personalized products and services. It’s called the Connected Customer Era.
Making a snowman seems simple enough. You roll the balls of snow around until they are the size you want, and you stack them. Once they’re stacked, decorate your new snowman as you see fit. However, one inventor has decided his frosty deserves to be patented.
Based on the rankings of the SSRN database, we are able to create a ranking of the best – most downloaded – Open Innovation and related topics articles that have been published in 2013 so far. Therefore, this is a list of brand new theories, recent case studies, preliminary results and pioneering research.
In 2013, big companies in the cloud space faced downtime challenges, companies in the social media space were valued at costs seemingly much higher than they’re worth, and a superpower’s secrets were revealed to the world.
In the last five years, there has been a distinct globalization of entrepreneurship. There is a lot more romanticism about startups now, a lot more startup related events, organizations, incubators, so forth and so on.
For many years we've been incredibly critical of the famous Bayh-Dole Act, which was passed in 1980 with the idea that it would encourage greater innovation by pushing universities to patentthe research they were doing. The theory -- based on a rather ignorant view of innovation and research -- was that patents would create a market, which, in turn, would enable easier knowledge transfer from academia to industry, leading to a research boom. The actual results have been a near total disaster.
I've written here many times about the conflict that many innovators often face when called on to make definitive decisions about customer needs and the best ideas to pursue as new products and services. We've noted that innovation requires - no demands - people who are comfortable operating in an ambiguous stew of information, research, trends, insights and customer needs. Few of these data points are developed with any statistical rigor, yet together they must provide a direction for the team to follow.