Section » Innovating Companies
Hierarchical Management Bottlenecks Innovation
An article in Forbes argues that the old industrial management model is a thing of the past. Gone are the assembly line days of productive repetition. Value in the modern economy is created by doing something different each time, rather than repeating the successes of the past. The creative act itself is the spark that must be perpetually lit and
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Can Open Innovation Provide Better Care for Patients?
The IdeaCommection blog notes that one of the boons of open innovation is that it can be used not only to boost business bottom lines but also for the common good, such as initiatives to eradicate disease and improve health and well being of patients. For example, GE’s Healthymagination Innovation
Open Innovation Summit May 21
The Pittsburgh Technology Council website noted that without the ability to innovate quickly and often a company will be left behind. That is why the Council, Carnegie Mellon University and 113 Industries are partnering to offer the Open Innovation Summit, a one-day training event May 21 focused
EMC, EDF and InnoCentive Launch New Eco-Challenge
The Sys-con website reports that the EMC Corporation, Environmental Defense Fund and InnoCentive announced
Watch Company Wins Accolades in Open Innovation Challenge
The Cal Berkeley Haas School of Business website announced that Modify Industries, a company founded by Haas alumni that makes customizable watches, won honorable mention in the Zazzle Million Dollar Open Innovation Challenge. Modify Industries was among seven companies to receive honorable mentions
How Top CEOs Succeed at Business Model Innovation
Forbes Magazine held a live roundtable with leaders from four companies (Comcast, RR Donnelley, Meritor and IBM) who have proven significant success in business model innovation. Innovation may well be the defining characteristic of successful companies. In today’s ever evolving digital, connected
GSK on Open Innovation
The Maven website published an interview with Helene Rutledge, Head of Open Innovation at GlaxoSmithKline. She discusses her perspective on Open Innovation, why companies have moved toward adopting it, OI success stories, how GSK practices Open Innovation, tools to generate new ideas, and factors when
GE & Partners Announce Winners of “Healthymagination Cancer Challenge”
The MarketWatch website reports that GE has announced five innovation award winners as part of the first stage of its $100 million “GE healthymagination Cancer Challenge.” More than 500 ideas from 40 countries were submitted, sparking robust conversations among more
How to make open innovation work in Europe
The Science|Business website reports that the academic ‘father’of open innovation, Henry Chesbrough, is launching a European forum for it, in collaboration with the Science|Business Innovation Board. Chesbrough discusses the European challenges in an interview with the Science|Business
Examples Of Open Innovation To Stimulate R&D
The SeekingAlpha website reports recent research which identified four different types of corporate environment in addressing the potential of open innovation. Technology isolationists, (36 percent of the respondents), invest solely in their own R&D and are not interested in tapping outside wisdom