Open Innovation Examples – What can we learn from them?

Open Innovation Examples – What can we learn from them?

Successful innovation requires creativity, and external ideas from customers and partners can be a powerful source of new product development. This blog discusses the limitations of traditional closed innovation models and the rise of open innovation. Open innovation examples from Coca-Cola, LEGO, Samsung, and Facebook are highlighted to illustrate how these companies have embraced external inputs to drive innovation. Coca-Cola operates an accelerator program in eight global cities, while LEGO has launched LEGO Ideas to empower customers to create their own sets. In contrast, Samsung's Accelerator program offers resources to technology startups, and Facebook conducts hackathons for employees to encourage out-of-the-box thinking. The article concludes by highlighting MIT ID Innovation's educational efforts to promote innovative thinking.

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Why Top Executives Do Not Get Innovation – and What to Do About It

Top executives talk about innovation but often fail to walk the walk. A lack of innovation education, risk aversion, and a focus on short-term gains all contribute to this.

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Innovation Sighting: Task Unification and GladWare Containers

Glad's dressing cups fit within the larger lids, revealing an innovation template called Task Unification, which assigns a new task to an existing resource.

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Influencing Factors of a Successful Corporate Development

Corporate development is crucial for a company’s success. This article discusses the task of analyzing customer needs, promoting participation strategy, focusing on human resource, achieving economies of scale, striking a balance between agile management and a failure-tolerant culture, and determining the role of corporate development.

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