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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More Innovation Resources:

How to Be More Creative Amid Change - Stretch Yourself

Participating in events like Freelance Exchange of Kansas City's 2010 Portfolio Showcase can be a creative experiment for organizations, as it forces them to approach their marketing from a new strategic perspective.

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Are Your Employees Happy or Engaged?

Are Your Employees Happy or Engaged?

Companies need to invest in employee engagement and happiness to retain their best employees, but happiness and engagement are not the same thing. Employees can be happy but not engaged, engaged but not happy, or both.

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Four Different Brainstorming Methods to Try at Your Next Meeting

Brainstorming is a powerful technique used to generate ideas and promote innovation. Here are four different ways to conduct brainstorming sessions with your team.

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