December 29, 2017
Although the enterprise collaboration software market has been around for over 20 years, innovation management software is a specialized segment that helps companies guide and support their innovation process. With the right tool, the idea generation, implementation and evaluation, and market tracking phases can be managed to create successful business outcomes. What is innovation management […]
December 22, 2017
In the second part of our post on how big companies, aside from obvious OI success stories such as Google and Facebook, are successfully employing open innovation principles to get ahead, let’s have a look at a few more inspiring stories. Samsung Although the South Korean company may have been in the news for somewhat […]
November 29, 2017
What do mini-Big Bang Theory Lego, Mozilla, Facebook’s Pride Flag feature, P&G’s Connect+Develop, and Moodle have in common? There are all examples of open innovation (OI) at its best. Popularized by Henry Chesbrough,“Open Innovation” term refers to the broad concepts of leveraging external sources of technology and innovation to drive internal growth. It also entails […]
November 27, 2017
A couple of years ago, there was an article in Forbes which said, “innovation is often produced over time with a lot of collective sweat equity by many people.” It is hard to put it any better—but there is rarely innovation that hasn’t its origins in collaboration. Innovation and collaboration aren’t separate. Collaboration drives innovation […]
November 24, 2017
It wouldn’t be too presumptuous to say that half the population considers their jobs are just to get them by. Forbes says 52.3% are unhappy at work, and 63% are not engaged in their jobs. People who are over 35 (says Robert Half) seem to be more listless and unhappy than their younger colleagues who […]
November 22, 2017
Imagine an awards ceremony where your long-winded award acceptance speech is punctuated with repeated “requests from Miss. Sweetie Poo: "Please stop. I'm bored.” This is one of the running jokes at the Ig Nobel awards. Ig Noble is a parody of Nobel prize honoring improbable, unusual and trivial research. They are awarded to research that […]
November 20, 2017
“Open innovation is the use of purposive inflows and outflows of knowledge to accelerate internal innovation, and expand the markets for external use of innovation, respectively. [This paradigm] assumes that 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 […]
October 17, 2017
What makes us follow, or even idolize, “innovative” leaders? Is it because they can brilliantly and lucidly articulate their vision and passion? Is it their relentless drive and commitment? Is it that these dashing people seem to effortlessly run hugely successful empires? Or, do we just want to be in their shoes because we covet […]
October 16, 2017
Understanding Innovation Management What besets today’s companies? Is it a lack of innovation or an inability to cope with change? Or, is it the incompetence that underlines the failure to anticipate change and stay ahead of the curve? Either way, businesses need to identify where they are going wrong because innovation as a business strategy […]
September 15, 2017
Being innovative or creative looks like an inherent trait to most of us, doesn’t it? However, if you’ve been one of those lucky ones who had “creativity” as an academic discipline at school, you’d know that it can at least be nurtured. So what happened along the way? Perhaps, like renowned educationalist, Sir Ken Robinson […]