7 Tactics for Open Innovation

7 Tactics for Open Innovation

Open innovation involves sharing the risks and rewards of innovation with others, but can be disruptive and counter-cultural for large organizations. To encourage success, it is important to share both risks and rewards and tap into intrinsic incentives like love, reputation, and purpose. It is also important to recognize that open innovation requires effort and collaboration, to ask engaging questions, build business empathy, prioritize quantity over quality, and find top 1% lead users. Overall, open innovation requires careful planning and consideration of the right incentives to drive collaboration.

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More Innovation Resources:

The LAB: Innovating Shredded Wheat with S.I.T. (July 2009)

The LAB: Innovating Shredded Wheat with S.I.T. (July 2009)

Post Cereal has launched an ad campaign against innovation. However, the author uses a Systematic Inventive Thinking method to show new opportunities that could be uncovered for their product.

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Running More Businesses at Once: Micro-Management vs. Macro-Management

Find out the difference between micro-management and macro-management in running multiple businesses and how finding a good balance between the two can lead to a successful business.

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Innovation for the Non-Profit Sector

Non-profits need innovation just as much as for-profits. Innovative methods, such as S.I.T, can help non-profits break fixedness and open up new approaches.

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