Open Innovation

What's Your Lifeline for Innovation?

by Stephen Shapiro During dinner the other night, I compared crowdsourcing to the lifelines on “Who Wants to be a Millionaire?” Imagine you are sitting in the hot seat. The show’s host asks you a question. You are nervous and can’t think straight. You believe you know the answer to the question, but $64,000 is on the line. You are ...

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10 Innovation Lessons I've Learned

What should innovation leaders and intrapreneurs know about innovation projects and new ventures? I have had the pleasure of working with such people for many years and I begin to see a pattern that I have summarized into 10 lessons for innovation leaders and intrapreneurs: 1. Know that innovation and intrapreneurship is about teams build a team of people with ...

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Open Innovation Lessons From P & G

As you start the evolutionary process of adopting open innovation to your organization, always remember that open innovation is just a tool, not a goal. The goal is to grow your company and make a profit. Some companies might also have the goal of changing the world to a better place. Understand that open innovation is only a piece of ...

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Is Innovation Helped or Hurt by Self-Censorship?

I came across this interesting perspective on the blog of Mark Turrell, CEO of idea management software company Imaginatik, in his post Myth #3: “We need lots of ideas”: The next time someone tells you that you need lots of ideas, stop, think and work out the outcomes you want before you go collecting thousands, and thousands, and potentially more ...

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BOF 3.0 – Ruffle Your Innovation Feathers

I had the opportunity to attend Brightidea’s Birds of a Feather (BOF 3.0) event at Chevron’s headquarters the other day. For those of you not familiar with Bright Idea Birds of a Feather events, they are periodic events for innovation practioners from Brightidea customers (e.g. HP) and non-customers (e.g. Chevron) to get together to discuss innovation challenges and share practical ...

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Breaking Innovation Barriers by Looking Beyond

This is Finalist #2 of 3 in the Business Innovation Factory (BIF-5) Ticket Contest Vote for this entry by leaving a comment or sending an @reply to @innovate on Twitter with “I vote for #2” in it. If you are a scientist or an engineer, you know firsthand that innovation is neither inexpensive nor straightforward. It is a long convoluted ...

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Creating a Culture of Innovation

I define innovation as an “organization’s ability to adapt and evolve repeatedly and rapidly to stay one step ahead of the competition.” A culture of innovation, when done right, gives you a competitive edge because it makes you more nimble with an increased ability to sense and respond to change. A culture of innovation has less to do specifically with ...

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Book Review – "The Silver Lining" by Scott Anthony

A couple of weeks ago I received “The Silver Lining” by Scott Anthony in the mail. “The Silver Lining” is a relatively short, easy, and pleasant read. Scott introduces several different concepts in the book in addition to the main thesis – which seems to be that companies must prune their innovation portfolios, refeature their products to meet ever-changing customer ...

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