Business Needs Innovation Ecosystems

Business Needs Innovation Ecosystems

As technology and digital management continue to transform businesses, ecosystems and platforms are becoming increasingly important for innovation delivery. Collaborative innovation is moving away from offering stand-alone products and services towards building technically connected ecosystems that provide customers with a seamless experience. The shift towards open and collaborative innovation requires bold leadership and a willingness to adapt, particularly with regards to partnering with new and even competing organizations. The creation of dedicated websites such as ecosytems4innovating.com reflects the importance of ecosystem thinking in today's businesses.

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More Innovation Resources:

Why is this company giving $1,000 to anyone with an idea?

Adobe's Kickbox program gives every employee with an idea the opportunity to experiment on it with a red box that includes $1,000 on a pre-paid credit card. The company trusts its employees to spend the money wisely, and even if the idea fails, it actively measures what went wrong to learn from its mistakes.

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Building an Innovation Portfolio—10 Key Takeaways

Innovation and portfolio management are closely related. Here are 10 key takeaways to build an effective innovation portfolio.

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Where Great Ideas Come From

Discover the five patterns of Systematic Inventive Thinking (SIT) that can help you be more creative and innovative in your business.

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