How Businesses Use Crowdsourcing to Disrupt and Avoid Disruption
As industry disruption has spread from a few niche markets to entire sectors that were once considered all but bulletproof (i.e. retail), companies have increasingly been confronted with a stark choice: innovate or become irrelevant, [...]
How the U.S. Government is Conquering Open Innovation
The U.S. federal government has over 430 departments, agencies, and sub-agencies that oversee and fund some of the most important aspects of society in the country (I.e. Defense, Homeland Security, Intelligence, Infrastructure, Energy, Health, Agriculture, [...]
Budgets Don’t Cripple Innovation, Poor Investing Does
It’s been established through research that larger budgets don’t necessarily lead to more R&D success. It’s a quality over quantity equation. When departments or business units are given unlimited budgets and money expenditures are not managed, [...]
Myths Surrounding Open Innovation – What is the Truth?
Open Innovation has taken on many definitions and descriptors over the last nearly 20-years. To define what Open Innovation is, it’s important to define what it is not. It is not simply asking people to give random ideas without [...]
How Open Innovation is Helping to Fight Climate Change
There has a been a lot of talk across the globe about the looming climate change crisis we are facing. United Nations Intergovernmental Panel on Climate Change (IPCC) has weighed in on the issues, warning [...]
How to Create a Comprehensive Open Innovation Strategy
Most businesses understand the concept of open innovation, but devising a strategy to crowdsource new ideas is easier said than done. To this day, many businesses are still using closed innovation when coming up with new [...]