http://openinnovation.berkeley.edu/
Related: mighty mid market15 Examples of Open Innovation between Big Companies and Startups Open innovation is a strategic game for big companies and one of the most important moves to consider for their innovation leaders is the allocation of focus and resources in the context of open innovation. Here we need to consider that big companies like GE, Cisco or Microsoft tend to have 8-12 different value pools (think suppliers, startups, customers or universities) to consider for their open innovation efforts. The challenge is that even companies that are good at open innovation only seems to be able to handle 3-4 value pools properly at the same time. I have no doubt that the value pool of start-ups and entrepreneurs is highly relevant value pool for most big companies and there are lots of initiatives that underscore my reflections. Just check out this list of corporate (open) innovation initiatives aimed towards startups.
Open Collaboration - The Next Economic Paradigm I’ve dedicated a lot of research over the last few years to understanding the deep trends that will define the next economy. As I’ve written elsewhere, the global economy goes through a creative-destructive cycle every 50 years. And now we’re in the midst of a collapsing paradigm that is soon to be replaced by something new. In this article, I will explain what the new paradigm is and how it will impact every sector of society — including business, government, education, and basic research. 7 Steps for Open Innovation by @Lindegaard: Grading Your Company’s Open Innovation Capabilities I am happy to give you access to the PowerPoint presentation deck for my new concept, which I might turn into an open source project (see more below). The premise for the 7 Steps for Open Innovation tool is that if a company is not already fully engaged with open innovation efforts, it is way behind. This is evident by looking at the number of companies around the globe that today embrace the use of external partners and input into their innovation efforts. But even though companies continuously launch new initiatives designed to help them leverage the power of outside knowledge and resources to drive innovation forward, there is a sense within these companies that they can do better and take this new innovation paradigm to an even higher level. They are also eager to get external perspective to make sure they are maximizing results by using best practices in all aspects of their open innovation efforts. 1.
Dispatches from the front lines of management innovation - McKinsey Quarterly - Strategy - Innovation The Management Innovation eXchange (MIX) is a Web-based open-innovation project dedicated to catalyzing the creativity of thinkers and practitioners interested in reinventing management. That’s not an undertaking for any one individual or organization—it’s everybody’s problem, which is why the MIX is designed as a collaborative platform both to surface bold ideas and make progress on a set of make-or-break challenges. Earlier this year, the MIX introduced the first-ever management-innovation contest, the M-Prize, around three such challenges: redefining the work of leadership, increasing trust, and taking the work out of work. MIXers from all over the world contributed hundreds of entries.
New Company Ownership = The need for New roles and New Strategy The Growth Drivers – Executives with Strategy Alignment Key roles in a company under new ownership When all the right pieces of an executive team for a growth oriented company are put together and integrated with a strategic play book, it is very strong asset that a company needs to raise the possibility of success. The current market for companies being sold in the under $75MM in revenue generally have gaps that need to be addressed.
Blogging Innovation » Central Role of Communication in Innovation The one ingredient essential for a company to become an innovation driven firm is communications. Consider the old parable: One day while wondering, I came across three bricklayers. I asked the first bricklayer what he was doing. “laying bricks,” he told me.
Capability Maturity Model Integration Capability Maturity Model Integration (CMMI) is a process improvement training and appraisal program and service administered and marketed by Carnegie Mellon University and required by many DOD and U.S. Government contracts, especially software development. Carnegie Mellon University claims CMMI can be used to guide process improvement across a project, division, or an entire organization. Under the CMMI methodology, processes are rated according to their maturity levels, which are defined as: Initial, Repeatable, Defined, Quantitatively Managed, Optimizing. Currently supported is CMMI Version 1.3.
70 Awesome Coaching Questions Using the GROW Model The GROW Model is the most common coaching framework used by executive coaches. Given its relative simplicity, many managers have taught themselves the GROW model as a way to structure coaching and mentoring sessions with their employees. GROW is an acronym that stands for: GoalCurrent RealityOptionsWill (or Way Forward) Managers can use the model to help their employees improve performance, solve problems, make better decisions, learn new skills, and reach their career goals.
The Path of Our Lives “Some men see things as they are and say, why; I dream things that never were and say, why not?” Robert Kennedy/George Bernard Shaw I got a call that reminded me that most people live their life as if it’s predestined – but some live theirs fighting to change it. At 19 I joined the Air Force during the Vietnam War. Out of electronics school my first assignment was to a fighter base in Florida.