InnoCentive
InnoCentive
Blog Post
  • Having the right project management tools and techniques are essential for successfully embracing open innovation. As traditional boundaries are crossed, established project management approaches simply don’t provide the kind of tools and techniques that are needed to maximize the multidisciplinary inputs.

InnoCentive
InnoCentive
Blog Post
  • The environmental impact of fossil fuels is causing the energy sector to focus on cleaner alternatives. Political agreements to curb fossil fuel emissions, such as The Paris Climate Accord - ratified by 168 nations, sets out ambitious plans to tackle the threat of climate change and shift towards a low carbon future.

InnoCentive
InnoCentive
Blog Post
  • Innovation is something that most organizations want to master so that they can survive in our increasingly ‘VUCA’ world. Innovating well is increasingly challenging however. A recent study from the Stanford Institute for Economic Policy Research highlighted the difficulties organizations face in the modern world. The study examined the productivity of research and development, on bot...

InnoCentive
InnoCentive
Blog Post
  • Open innovation is becoming well established as an important business model. But can it be used in public services, creating opportunities for citizens to participate in generating solutions for their communities? We think it has a lot of promise – and we’re not alone. Communities around the world are gathering together to solve a wide range of challenges – health, transport, access to...

InnoCentive
InnoCentive
Blog Post
  • Acclaimed Czech author Milan Kundera once commented that, “Business has only two functions - marketing and innovation.” Whilst it may seem a brutally simplistic view, it’s a fair comment when one strips most businesses to their bare fundamentals, i.e. to develop and maintain a sustainable competitive advantage and to sell their product to as many of their target market as possible. To ...

InnoCentive
InnoCentive
Blog Post
  • In these fast-changing times, the established models of innovation are being challenged. Rather than innovation from within – what’s been called an ‘invent-it-ourselves model’[1] – organizations who want to stay ahead are now looking to adopt different approaches. This article looks at how one such model – open innovation – can contribute to competitive advantage by following three vit...

InnoCentive
InnoCentive
Blog Post
  • The open revolution shows no signs of slowing as more open ways of doing things continue to replace old approaches. A lot has happened since our last look in Open: The Rising Prefix. Here are some highlights from over the past year.

InnoCentive
InnoCentive
Blog Post
  • In my previous post I highlighted a report from The European Academic Network for Open Innovation into the skills shortage many organizations face when trying to innovate successfully. One potential solution to this challenge is to build a dedicated department whose primary remit is to innovate. You can then do everything necessary to ensure that the personnel within that department ha...

InnoCentive
InnoCentive
Blog Post
  • Innovation in the financial sector has arguably lagged. Over time, hierarchical structures, regulatory pressure and “the way we’ve always done things” have propped up archaic practices which overlook customer experience in favour of stability and security.

InnoCentive
InnoCentive
Blog Post
  • The model of production most established companies will be familiar with involves a series of basic steps. Beginning with market research – to identify gaps and test ideas – new products and services then move through phases that include research and development, creation and manufacture, and launch. The drivers are external and each element of the process is protected. However, this m...

InnoCentive
InnoCentive
Blog Post
  • As an evolving, fashionable and relatively new field, Open Innovation is naturally packed with jargon and disputed definitions. There are different terms with the same meaning, the same terms with different meanings and terms being used entirely incorrectly. In this post I try to bring some clarity, referencing reliable academic and business literature where possible.

InnoCentive
InnoCentive
Blog Post
  • Whilst challenge prizes have existed for hundreds of years, the concept of open innovation came to widespread attention through the work of Henry Chesborough. His 2003 classic Open Innovation: The new imperative for creating and profiting from technology highlighted the considerable potential of a more open approach to innovation, and alongside James Surowiecki’s Wisdom of Crowds, whic...

InnoCentive
InnoCentive
YouTube Video
  • Last month we had the Final Live Event of the 2013 Rail Customer Experience Competition, held at 15hatfields - the leading sustainable venue in London, UK. This £1m prize-bearing competition sought innovations to transform the customer experience on GB railways. There were three challenges for this, each tailored towards a different customer group -- regular (commuters), discretionary (non-commute...

InnoCentive
InnoCentive
YouTube Video
  • The City of Boston partnered with InnoCentive on a Challenge to predict pothole locations using data collected from a smartphone application called Street Bump. The solution is expected to help the City respond to potholes more quickly than ever before, resulting in improved service to citizens, reduced environmental impact of city repair crews scouting for potholes, and greater engagement from c...

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