Open Innovation and Crowdsourcing Best Practices

Open Innovation and Crowdsourcing Best Practices

Open innovation and crowdsourcing are innovative approaches to creating new products and ideas. However, improper use can lead to failure. It is crucial to understand when each approach is best utilized and choose the proper platforms to drive success. For example, it's important to evaluate whether to keep ideation in-house or open up an innovation challenge to the masses. Similarly, it's important to choose the right crowdsourcing platform and payment that work for your specific project. Finally, open innovation and crowdsourcing can also be used for improving existing projects.

View

More Innovation Resources:

The Six Step Innovation Lifecycle

Innovation is a continuous activity that goes through six steps: Identifying a Problem to Solve, Identifying a Process that Works for You, Engaging Others in the Process, Empowering Groups of People to Build Ideas into Projects, Evaluate and Prioritize, and Idea Implementation.

View

Entering (Not Leaving) Corporate Life - 5 Observations

Moving from entrepreneurship to corporate life can be challenging. Here are 5 observations to keep in mind when making the switch.

View

How to Identify Weak Signals in Real-Time (To Not Miss Opportunities)

Identifying weak signals for innovation opportunities can be time-consuming, but innovation teams can use AI-driven software to streamline the process. Learn how to use the ITONICS Innovation OS for real-time weak signal identification.

View