Open Innovation

Measures – Will you get what you want?

I recently spoke with a new client who shared with me their innovation measures. When I looked at their measurement system, I immediately saw flaws. But before addressing these imperfections, let me first provide you my perspective on innovation measures. In general, there are three types of measures associated with “challenge-based” innovation (be sure to read this article if you ...

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It's Not Idea Overload – It's Filter Failure

At the recent Front End of Innovation conference, Wells Fargo’s Michael Duke presented in a session devoted to innovation metrics. He opened with a slide that asked attendees: Which would you rather have? 1,000 ideas; or 20 working prototypes With a setup like that, what do you think the general response was? Of course getting to 20 working prototypes was ...

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Increasing Innovation Productivity

In a 2006 article, P&G’s New Innovation Model, P&G stated that their open innovation program – along with improvements in other aspects of innovation related to product cost, design, and marketing – made their R&D productivity increase by nearly 60 percent since 2001. When I listen to P&G talks on innovation today, the innovation productivity has nearly doubled and open ...

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10 Signs That Innovation Will Fail

What are the signs that innovation in a company is set up to fail? It would be great to have a checklist, but unfortunately innovation is too complicated and company-specific to employ a standard checklist for this. However, we can share our insights on this and help each other become better at spotting the signs of failure. Thus I have ...

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Protecting Open Innovation from Corporate Antibodies

Point: By picking where open innovation occurs and what it communicates to the rest of the organization, innovators can protect open innovation efforts from corporate antibodies Story: All organizations, especially large ones, have an “immune system” in the form of an army of fine-tuned antibodies that root out risk and threats to the smooth-operating status quo. These antibodies help drive ...

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Open Innovation Bullies

Large companies have always used their size and power to get things their way. This is no different with open innovation. So I am not surprised when I listen to people from smaller companies complain about the behaviours of large companies when they start working together. Such behaviours were confirmed by several large companies at the recent Open Innovation Summit. ...

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Open Innovation Summit – Day Two

by Braden Kelley The first edition of the conference was held in Orlando, Florida at the Crowne Plaza Orlando Universal. The second annual Open Innovation Summit will be held August 11-13, 2010 in Chicago, IL. The second day of the conference kicked off with Robert Brands. Here are some of the key takeaways from Robert and the other speakers on ...

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