The Power of Collaborative Partnerships

What to Consider Before Establishing a Partnership

In a world of widely distributed knowledge, companies cannot solely rely on their own competencies to sustain a competitive market position. The paradigm of Open Innovation recognises this and provides a structure which encourages organisations to go outside the four walls of their team, department and company to find and access knowledge to fill internal competency gaps. Engaging in Open Innovation requires an organisation to develop a strategy, build a networking culture and create partnerships with external sources. In the context of Open Innovation, partnerships enable companies to establish relationships with universities, SMEs, research institutes, etc. to acquire or jointly develop a technology.

How to Conduct Successful Technology Scouting

How to Conduct Successful Technology Scouting

Key findings from Best Practice Research Study

Even though the concept of Open Innovation (OI) has been around for some time, insights tend to focus on the ‘what’ and ‘why’, but not the ‘how’. This post gives a sneak preview of the actionable findings from the recent best practice study I have conducted into Open Innovation, and reveals what best practice is for Technology Scouting.

How business models can accelerate innovation.

Lessons in parenting and teenage development

Fred van Ommen, SVP Innovation Excellence at Philips, was speaking at a conference in Barcelona last month  (the 2nd Annual Open Innovation in the Life Science Sector to be exact). His chosen topic was how business models can accelerate innovation.  The Life Science Sector is an area that Fred is passionate about . He ran the MRI (magnetic resonance imaging ) business at Phillips for six years, and during that time he doubled the business,  and he did that  by  changing the design of the outside of the machine. Fred realised that the key to success was the anxiety that an MRI produced in people, not the technology inside the MRI.  People are afraid when an MRI  machine makes a  noise and they are also scared by the lack of mobility. Fred’s success was because he considered the human side of the product.  At Barcelona, Fred and his colleague, Corina Kuiper, took this one stage further when they compared business model innovation to parenting and teenage development. Their starting point was that as a parent you have to be consistent, and with innovation you have to have consistent strategy over time.  

The following comparisons flowed naturally after that: 

IP protection in Start-Ups

A Comment to "A Plea for Patents that Inspire Invention"


I read this great article written by James Dyson, when it was shared by Dick Lee on his Value Innovation group at LinkedIn. Please find it in the following link: http://www.ft.com/cms/s/0/cbd5c6bc-87ac-11e1-ade2-00144feab49a.html#axzz1sUf190k7

Why this article caught my attention

Pure Insight Overview

Annual Survey of Key Innovation Management Challenges for Members of Pure Insight’s Innovation Leader Programme

Which challenges keep customers awake at night?
 

Listed below are the top 4 of our 5 key Innovation Management challenge areas, as defined by our ILP Members, in the 2010/11 membership year.

This short publication provides interesting insights into cross company, sector and industry trends surrounding the key innovation management challenges in the year ahead.