Category Archives: Open Innovation

The Impact of Open Innovation on Corporate Innovation

The Impact of Open Innovation on Corporate Innovation

GUEST POST from Art Inteligencia

Open innovation is becoming increasingly popular among corporations as a way to improve their innovation capabilities. Open innovation is a process where companies collaborate with external partners to develop new products, services, and processes. This type of collaboration is beneficial for companies as it allows them to leverage the resources, knowledge, and expertise of their external partners.

The impact of open innovation on corporate innovation can be divided into three categories: cost reduction, increased efficiency, and increased innovation.

Cost Reduction: Open innovation can help companies reduce their costs associated with research and development. By utilizing the resources of external partners, companies can reduce the costs associated with research and development, such as personnel and materials. In addition, companies can benefit from the cost savings associated with external partners by receiving discounts on products and services.

Increased Efficiency: Open innovation can help improve the efficiency of corporate innovation by providing access to new technology and ideas. Companies can benefit from external partners’ knowledge and expertise to develop innovative products and services. This can help speed up the process of innovation and reduce the time and resources spent on research and development.

Increased Innovation: Open innovation can also lead to increased innovation for companies. By collaborating with external partners, companies can benefit from the knowledge and expertise of different people from different industries. This can help companies develop new products and services that they may not have been able to create on their own.

In conclusion, the impact of open innovation on corporate innovation is significant. Open innovation can help reduce costs, increase efficiency, and lead to increased innovation. Therefore, open innovation is an important tool for companies to improve their innovation capabilities and stay competitive in the market.

Image credit: Designed by vectorjuice / Freepik

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The Challenge of Autonomous Teaching Methods

The Challenge of Autonomous Teaching Methods

An estimated 250 million children around the world cannot read, write, or demonstrate basic arithmetic skills. Many of these children are in developing countries without regular access to quality schools or teachers. While programs exist to build schools and train teachers, traditional models of education are not able to scale fast enough to meet demand. We simply cannot build enough schools or train enough teachers to meet the need. We are at a pivotal moment where an innovative approach is necessary to eliminate existing barriers to learning, enabling the seeds of innovation to be imparted to every child, regardless of geographic location or economic status.

XPRIZE Chairman and CEO, Dr. Peter H. Diamandis announced the $15M Global Learning XPRIZE today to help solve these challenges. The Global Learning XPRIZE is a five-year competition challenging teams to develop an open source solution that can be iterated upon, scaled and deployed around the world, bringing quality learning experiences to children no matter where they live. Enabling children in developing countries to teach themselves basic reading, writing and arithmetic.

At the same time, XPRIZE will launch an online crowdfunding campaign to mobilize a global street team of supporters to get involved with the Global Learning XPRIZE. Every dollar pledged will go towards optimizing the success of the prize, specifically focusing on supporting team recruitment globally and expanding field testing.

The Global Learning XPRIZE will launch with a six-month team registration period followed by 18 months of solution development. A panel of third-party expert judges will then evaluate and select the top five teams to proceed in the competition, and award each of them a $1M award. Solutions will be tested in the field with thousands of children in the developing world, over an 18-month period. The $10M top prize will ultimately be awarded to the team that develops a technology solution demonstrating the greatest levels of proficiency gains in reading, writing and arithmetic.

The learning solutions developed by this prize will enable a child to learn autonomously. And, those created by the finalists will be open-sourced for all to access, iterate and share. This technology could be deployed around the world, bringing learning experiences to children otherwise thought unreachable, who do not have access to quality education, and supplementing the learning experiences of children who do.

The impact will be exponential. Children with basic literacy skills have the potential to lift themselves out of poverty. And that’s not all. By enabling a child to learn how to learn, that child has opportunity – to live a healthy and productive life, to provide for their family and their community, as well as to contribute toward a peaceful, prosperous and abundant world.

XPRIZE believes that innovation can come from anywhere and that many of the greatest minds remain untapped.

What might the future look like with hundreds of millions of additional young minds unleashed to tackle the world’s Grand Challenges?

The Global Learning XPRIZE is funded by a group of donors, including the Dick & Betsy DeVos Foundation, the Anthony Robbins Foundation, the Econet Foundation, the Merkin Family Foundation, Scott Hassan, John Raymonds and Suzanne West.

For more information, visit http://learning.xprize.org.

COMMENTARY

I am very excited about this new effort, as I am a big believer that we should live in a world where the next Einstein could come from anywhere, but I have a few of concerns:

  • It seems to be focused on the use of technology
  • Five years is a long time (will they get a five-year-old solution?)
  • It doesn’t engage the target users in co-creation throughout the whole process (it’s outside in)
  • It seems to ignore the infrastructure in place in areas of the greatest need (where students don’t even have desks)
  • The most capable solutions may be too expensive to implement in the target areas
  • The goal should be to build an autonomous learning system that can be used for reading, writing, and arithmetic, but also extended to do much more
  • Teaching students skills autonomously is fine as long as there is social practice as part of the curriculum
  • An over-reliance on autonomous teaching will lead to less innovation not more
  • We are already seeing negative effects in first-world society from too much reliance on technology
  • If we want more innovation, we need to be teaching our kids ICE skills not just STEM, ICE being Invention, Collaboration, and Entrepreneurship – these are all social skills that don’t need technology (but can use it)

For more on my views on improving education (which doesn’t require education reform or new technology), please see my article Stop Praying for Education Reform.

For those of you who are going to enter a team, I look forward to seeing what you come up with and I hope that you’ll keep some of the above in mind!


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Your Chance to Help Overworked Entrepreneurs

Your Chance to Help Overworked Entrepreneurs

Life for a busy entrepreneur regular working 60 hours a week can lead to a struggle with maintaining a healthy weight. You may find that you are eating out for convenience and getting to the gym very infrequently (if at all). This lifestyle may have been fine through your twenties and early thirties, but after 35, it gets difficult to keep active and you might find those few extra pounds you’ve put on every year are really starting to add up.

Have you had similar struggles?

If you have a way to help motivate overworked entrepreneurs to lay off the takeout and introduce more physical activity into their busy lives, we at Premera would love to hear about it.

Simply post your idea to Premera’s Facebook or Twitter page using the hashtag #IGNITEchange, or as a comment to their stories. You are then automatically entered into a drawing to win a $200 Amazon gift card. Best of all, you have the chance to impact a real person’s life. There will be four chances to win, once every week from now until September 8, 2014 (terms and conditions link expired).

Have a true game-changing idea that will spark families to make lasting, realistic improvements to their health?

Premera is rewarding that type of innovation as well through Premera’s Innovate to Motivate challenge (link expired), which offers a grand prize of $5,000!


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Your Chance to Help Working Professionals

Your Chance to Help Working ProfessionalsToday life in our college years feels somehow more manageable than the hectic pace of the working professional. Somehow it feels like it was easier then to eat reasonably well and to stay in good shape. Recent college graduates feel the pressure to build a strong foundation for a career and a social life, then add in responsibilities like car payments, pets, rent, and student loan debt, and it’s no wonder many working professionals find a focus on a healthy lifestyle often comes last.

With time short, stress high, and energy running low after work, it is often easier to grab a burger or pizza than to make a kale salad, and skip the gym in favor of the siren’s song of Netflix and the couch.

Are you struggling with a similar issue or is this sounding like the problems of a younger you?

Then here is your chance to help working professionals everywhere!
(and possibly win some cash at the same time)

Simply post your idea to Premera’s Facebook or Twitter page using the hashtag #IGNITEchange, or as a comment to their stories. You are then automatically entered into a drawing to win a $200 Amazon gift card. Best of all, you have the chance to impact a real person’s life. There will be four chances to win, once every week from now until September 8, 2014 (terms and conditions link expired).

Have a true game-changing idea that will spark families to make lasting, realistic improvements to their health?

Premera is rewarding that type of innovation as well through Premera’s Innovate to Motivate challenge (link expired), which offers a grand prize of $5,000!


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Your Chance to Help Middle-Age Guys (and Gals) Get Fit

Your Chance to Help Middle-Age Guys (and Gals) Get FitHere is your chance to help every middle-aged guy (or gal) who’s struggling with the inevitable progression of age. What used to be easy isn’t anymore!

Maybe you (or a friend) used to be a big runner and counted on running to keep weight down and stay active, but lately the motivation to run has waned, and as as a one-trick pony who’s never developed other ways to get regular exercise, with persistent plantar fasciitis that makes anything longer than a one mile walk moderately painful, the weight is starting to accumulate.

How do you re-energize what formerly were healthy eating and workout routines to accommodate the realities of middle age?

Any ideas for new forms of exercise, for establishing new routines that are realistic for an 8 to 6 office worker?

Premera would love to hear your ideas on a middle age makeover.

Simply post your idea to Premera’s Facebook or Twitter page using the hashtag #IGNITEchange, or as a comment to their stories. You are then automatically entered into a drawing to win a $200 Amazon gift card. Best of all, you have the chance to impact a real person’s life. There will be four chances to win, once every week from now until September 8, 2014 (terms and conditions link expired).

Have a true game-changing idea that will spark families to make lasting, realistic improvements to their health?

Premera is rewarding that type of innovation as well through Premera’s Innovate to Motivate challenge (link expired), which offers a grand prize of $5,000!


Build a common language of innovation on your team

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Your Chance to Help Working Moms (and Dads)

Help Working MomsWorking Moms (and Dads) struggle to get a healthy meal on the table for their family every night during the week without resorting to fast food (or any other fast, but unhealthy alternatives).

If you have an idea to help working mothers (and fathers) bring healthy creativity to their weeknight meals we at Premera would love to hear it.

Simply post your idea to Premera’s Facebook or Twitter page using the hashtag #IGNITEchange, or as a comment to their stories. You are then automatically entered into a drawing to win a $200 Amazon gift card. Best of all, you have the chance to impact a real person’s life. There will be four chances to win, once every week from now until September 8, 2014 (terms and conditions link expired).

Have a true game-changing idea that will spark families to make lasting, realistic improvements to their health?

Premera is rewarding that type of innovation as well through Premera’s Innovate to Motivate challenge (link expired), which offers a grand prize of $5,000!


Build a common language of innovation on your team

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What is the Role of Personal Branding in Achieving Innovation Success?

What is the Role of Personal Branding in Achieving Innovation Success?I’ve been thinking a lot lately about personal branding, in part because I’m about to begin a new commissioned white paper and so I’ve been re-visiting my popular white paper for Innocentive – Harnessing the Global Talent Pool to Accelerate Innovation, and what I wrote about personal branding there:

“… the world continues to move away from being a place where employees expect to have jobs for life, and fight against any change to this paradigm, to a world where portfolios, personal branding, and project-based work will become more common in an increasing number of industries. The evolving world of work is becoming a world in which individuals will need to be really good at collaborating and playing well with others, while also honing their skills at standing out from the crowd. At the same time, the external perception of your network value will expand from a focus on internal connections to also include the talented minds you might know outside the organization that can be brought in on different projects or challenges.”

So, let’s dig in…

The power of the individual versus the power of the collective. This is a tension that has been around longer than the practice of human resources and talent management as an occupation. While the organization is concerned with achieving success for the collective, too often we forget that the collective is made up of a collection of unique individuals, and that each of these individuals have a collection of unique skills, talents, and abilities that may or not directly fulfill the needs of their role and the organization’s goals and brand promise:

“To build a brand, you must start a conversation with your customers. Your customers have to know that you stand for something and that they can count on you to deliver upon your brand promise.” (April 20, 2012)

While the role of the individual in helping to fulfill the organization’s brand promise is often not considered, it should be, at the same time that the organization considers whether its chosen individuals adequately fill the defined job requirements that the organization believes are necessary to fulfill the collective’s mission to achieve revenue and profits for its shareholders, value for its clients and donors, or benefits for its constituents (depending on whether you’re talking about a for-profit, non-profit or governmental organization).

If we look at each role in an organization as an attempt by management and human resources to find a perfect match for the job requirements that live within a certain circle, the fact is that for every role, the circle of the individual’s skills, talents, and abilities will never perfectly overlay the circle of the job requirements, it will always look like a Venn Diagram with a good candidate possessing a large amount of overlap, but with always some of their skills, abilities, and talents lying outside of their job requirements’ circle.

But most organizations (referred to as Typical Organizations in the graphic below) fail to harness the skills, abilities and talents of the individuals they have in their organization to achieve greater performance as a collective. In my mind this is painful, wasted human capital – painful for the organization (lost potential revenue and profitability) and painful for the individual (boredom, stress, and disappointment).

Wasted Talent and Human Capital

But, a handful of more progressive, innovative organizations are trying to do better to harness the passions AND the skills, abilities, and talents of their individuals to better achieve the collective’s ability to generate revenue and profits (or other appropriate benefits) by engaging their employees in the innovation efforts of the organization, and allowing their employees to take some of their skills, abilities and talents and apply them to help fulfill other job descriptions. This looks something more like this:

Building an Innovative Organization

But in the most progressive organizations, they not only provide a way to better harness a more complete set of their employees’ skills, abilities and talents to more than one job description, but they also find a way to harness more of the skills, abilities, and talents that employees are currently realizing outside the organization in their hobbies, volunteer work, or other places.

And the successful organizations of the future will not stop there. They will also harness the connections their employees have outside the organization to increase the innovation capacity of the organization, and better engage not only partners in helping to fulfill the needs of different job descriptions, but they will also even engage their customers in achieving the work of the organization.

Where customer or partner skills, abilities and talents intersect with the job requirements, work can get done, and where customer or partner skills, abilities or talents intersect with employee skills, abilities or talents intersect, communities and connections have the chance to form and be nurtured. This is what organizations of the future will look like:

Organization of the Future

In this scenario, where innovative organizations begin to move beyond better harnessing the internal innovation capacity of their employees, to also harnessing the external capacity to work (and to innovate) of individuals outside of the organization (and to expand the scope of the collective), and to attract partners and customers to participate, organizations that allow and even encourage employees to develop a personal brand and greater external connections, will claim an outsized share of the potential benefits to both the mission of the organization and to its innovation efforts.

If your employees lack the external exposure, the external connections, and the external personal brand equity and awareness, how much harder will it be for your organization to:

  1. Attract the best partners to your innovation efforts
  2. Recruit the best customers to co-create with you
  3. Build a strong pipeline of potential future internal talent

Through this lens you can see that in the future, innovation success will be determined not just by how strong the brand of your organization is (or the collective), but also will be shaped by the strength of the personal brands of the collective’s component individuals.

Does your organization recognize the value of your personal brand to the innovation success of the collective, and foster it, or attempt to prevent you from growing your personal brand equity?

What is your personal brand, how strong is it, and how are you going to leverage this to power innovation in your organization?

Keep innovating!


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Innovation in Motion

Every once in a while someone comes along and takes what most people believe is a mature category and finds a way to inject new life, new innovation into it.

What’s even more impressive in the case that I’m about to talk about is that a new entrant has found a way to innovate in a category where the dominant player is often held up by innovation consultants and innovation keynote speakers (like myself) as a company that has an innovative culture and working environment, plus an open innovation program worth looking at.

What established player am I speaking of?

Lego

And if you’re not aware of their open innovation program, it is called Lego Cuusoo.



So how could someone come in and realistically challenge Lego?

By coming in with a building toy approach that is both Lego compatible but while simultaneously introducing new design and building capabilities.

The main thing that this new competitor is bringing to bear to compete with the dominant Lego, is motion.

Think about what would happen if you smashed together the basic tenets of Lego with the basic tenets of Hasbro’s Transformers (more than meets the eye), and you’ll start to get an idea of what this new competitor is bringing to their crashing of the Lego party.

Who is this Lego competitor?

They are called Ionix Bricks.

Ionix Bricks - Innovation in Motion

They launched into the marketplace with a Saturday morning cartoon called Tenkai Knights on the Cartoon network.



Here is a video review of some of the initial robot characters, showing how they transform and can be configured and played with:



At first glance they look pretty fun!

Will they catch on and take some of the building toy market away from Lego?

What do you think?

Personally, I think that they have a chance of doing so, and if nothing else I think that Ionix Bricks and the Tenkai Knights are a good reminder that even in categories that people might think are pretty mature and the dominant player is unlikely to be disrupted, that isn’t necessarily the case.

And if you get bored with the pieces that come in any of the Tenkai Knights building sets?

Well, because they are compatible with Lego and other leading building sets, you can attach all kinds of crazy, random Lego pieces that you might already have from castle, space, or other kinds of sets.

Ionix Bricks are a good example of the “C” from SCAMPER – Combine – as they are exactly the kind of outcome you would expect if you combined Legos with Transformers. I wonder what kind of other crazy toys some young toy designer out there could come up with by combining Legos with something else.

In the meantime, I challenge you to keep challenging your own orthodoxies about what your product or service should look like, and how your industry should operate. You never know what kind of crazy new potential innovation you might come up with if you never take your product or service as perfected and keep challenging things at the edges.

What things about your product or service could you challenge? How could SCAMPER or other ideation tools help you?

I will be at the Back End of Innovation conference (November 18-20, 2013) in Silicon Valley. I hope you’ll join me!

(Save 25% with code BEI13IX)


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Is GE Trying to be Too Quirky?

Is GE Trying to be Too Quirky?

Last week GE and Quirky announced a new partnership where GE will make some of its library of patents available as part of Quirky’s new inspiration platform, allowing inventors to use some of its patents in their potentially novel consumer product invention ideas. This on its surface is a very interesting and logical open innovation partnership. Some people are talking about it as a crowdsourcing partnership, but it isn’t really because the work product is not well-defined and being sourced from multiple competing providers. No, this is an open innovation partnership.

Here is the Quirky and GE partnership announcement video:



It is very interesting to me that GE chose to partner with Quirky and not someone like Innocentive, NineSigma, Idea Connection or someone else. I’m curious what others think this indicates about the future of these firms. Personally, I think that this is something that Quirky is better equipped to make happen than these other firms, and that Innocentive and others still fill an important need using a completely different approach (challenge-driven innovation).

Is GE Trying to be Too Quirky?

Whether or not GE creates any sizable new businesses from their participation in this partnership, I still think this is a brilliant marketing move by Beth and her team and it will be interesting to see whether any impactful inventions come from people leveraging GE’s patent portfolio.

Here is Quirky’s video announcing their inspiration platform (which they raised $68 million to help build):



There is one thing that bugs me a wee bit about Quirky. My tagline since 2006 has been “Making innovation insights accessible for the greater good” and it feels like they’ve swiped it to create theirs – “Making invention accessible.” Surely as creative people they could have invented their own tagline instead of swiping mine. 😉 (wink)

But, there is another idea of mine trapped in this announcement that I’d like to highlight and set free, and that is the idea that innovation is not just about ideas, but that other factors are equally important – including inspiration, investigation, and iteration. These are captured in my incredibly popular Eight I’s of Infinite Innovation framework.

Eight I's of Infinite Innovation

Be sure and follow this article link to the Eight I’s of Infinite Innovation if you missed the link above, or if you’re not clicking away to learn more, here is a quick list of the eight stages:

  1. Inspiration
  2. Investigation
  3. Ideation
  4. Iteration
  5. Identification
  6. Implementation
  7. Illumination
  8. Installation

Personally I don’t think their platform appears to go far enough to deliver inspiration or to empower investigation, and as a software and internet guy I would be happy to help Quirky and GE strengthen the solution if they’re interested in making this platform more successful.

Will any successful innovations come out of this GE and Quirky partnership?

I’d love to hear what you think.

Image credits: GE, Quirky


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New White Paper on External Talent Strategies

Innocentive - New White Paper on External Talent StrategiesFollowing on the heels of a recent thought leadership webinar (link to recording) on the same topic, this white paper explores the intersection of talent management and open innovation strategies. The paper dives into why having an external talent strategy is becoming increasingly important and how it can help your company accelerate innovation, shows how leading organizations manage their open innovation and crowdsourcing efforts (including case study examples of companies like P&G), and provides proven strategies and steps to take for attracting talent to your organization’s innovation efforts.

Download this Complimentary White Paper

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