Open Innovation

Response – Should BP crowdsource potential solutions for the Gulf oil spill?

Hutch Carpenter asks on Blogging Innovation: Should BP crowdsource potential solutions for the Gulf oil spill? Crowdsourcing has indeed proven its value time and again. In We Think Charles Leadbeater demonstrates its power to harness the collective brains of people across the globe to design strategies to solve problems more effectively and rapidly than formal organization could ever do. In ...

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Seven Successful Open Innovation Practices

Last year I had the opportunity to visit or speak to 24 organizations around the globe, for my research on open innovation practices. These companies included Philips, Kodak, Nokia, Telefonica, Siemens, Xerox and Dupont, but also highly innovative Brazilian firms such as Natura (cosmetics) Embraco (world leader in refrigeration) and Petrobras (one of the largest energy companies in the world) ...

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Innovation at IBM – Open and Global

Anders Quitzau, an Innovation Executive at IBM forwarded an interesting presentation that gives a good overview of the many innovation activities that take place at IBM. How IBM Innovates (PDF) – Anders Quitzau Some keywords are open and global as summed up by this quote by Sam Palmisano (CEO): “We opened up our labs, said to the world, ‘Here are ...

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Diversity and Innovation

Improve the Person, Improve the Idea by Hutch Carpenter A key aspect of the next generation of innovation is the ability to tap a much larger set of minds in pursuit of valuable ideas. This draws quite heavily from the realms of Enterprise 2.0 and crowdsourcing. The historic method of innovation relied exclusively on a designated few. Now we’re seeing ...

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Open Innovation + Rapid Incubation = Power

Recently, I have read several interesting articles on how companies develop new projects based on rapid incubation or fast prototyping practices. Anthony Townsend, Director of Technology Development at the Institute for the Future wrote about rapid incubation and lightweight innovation models in this article, Moving Beyond Open Innovation. I agree with Townsend that the approaches he touches upon seem to ...

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Innovation is a Form of Win-Win Negotiation

Almost three decades ago, Ury and Fisher published their ground-breaking negotiation method, “Getting to Yes” that laid the foundation of win-win negotiation. Reflecting back on my early years in B2B Account Management and my current activities in Technology, I was struck by the parallels between win-win negotiation and innovation. Negotiators look for the fundamental interests underneath the positions. For instance, ...

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Why Talent Needs External Connections

The May issue of Fast Company had an interesting column by Dan and Chip Heath. They looked into the thinking of Boris Groysberg, a Harvard Business School professor who is due with a new book, Chasing Stars: The Myth of Talent and the Portability of Performance. In this book, Groysberg argues that talents and star performers – the case in ...

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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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