Innovation might seem a bit foggy at times, but I have a pretty clear vision that the future for this increasingly important discipline will be build on three key elements; Fast, Open and Global.
If you follow my blog, then you know I have a strong focus on open innovation. This is one of the key elements, but it cannot stand by itself. Companies must bring the open approach into a fast and global perspective.
I give a brief explanation on the elements below, but first let me share why I write this post. I simply find the combination intriguing and I want to look further into this, write about it on my blog and share my findings through LinkedIn and Twitter. Hopefully, this will result in a new book in the spring of 2011.
It would great to get you involved and I hope you will join the discussions on the upcoming blog posts and thus share your views on this topic. I will be very open to include your thoughts in the book (due credit will of course be given)…
Let me get back to my early thoughts on fast, open and global.
Fast as in fail fast and fail often. Companies will no longer have the luxury of spending the time they do today in order to develop their products and services. As the speed of change increases and the life time cycles of products and services decrease, companies need to work hard on bringing their offerings to market faster and cheaper.
Open as in open innovation. This paradigm shift is inevitable for many companies and industries. It is just a question of which companies that gets this first and executes the best in order to reap the benefits of being the preferred partner of choice within their industry. Besides my blog, you should also check out my new book: The Open Innovation Revolution
Global as in innovation happens anywhere. Global companies continue to move their R&D and innovation activities away from their corporate headquarters into a growing number of global innovation hubs. What I find to be an interesting addition to innovation globalization is the emerging trend of reverse innovation in which western-based companies that innovate in emerging countries and bring this innovation back to the western world. It is no longer just a one-way game.
I look forward to working with you on the topic of Fast, Open and Global…
Stefan Lindegaard is a speaker, network facilitator and strategic advisor who focus on the topics of open innovation, intrapreneurship and how to identify and develop the people who drive innovation.