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The redefinition of corporate culture to implement a mindset of open innovation (OI) can be a difficult process for a company especially because of the change of values and the so-called “Not invented here” syndrome. In “A Framework for Open Innovation”, Michael Flynn, director of...

After reading the blog post by Ralph-Christian Ohr titled “Innovation and Growth”, I have been taking a look at the survey he refers in it and I have found some interesting data about open innovation as a process that makes faster growth possible. For instance...

Assumptions are one of the reasons why many ideas are left out and never become real innovative products or services. Avoiding risk and pragmatism are very common answers to new ideas, preventing the creation of disruptive products being incorporated into the market. Very often,  this...

There are many formal and informal practices and corporate activities which are included within the paradigm of open innovation. Companies have to constantly explore their environment to find new ideas, but also exploit them effectively and find value in their collaboration activities to bring new...

When introducing a culture of Open Innovation, companies find difficulties, especially in aligning internal resources. According to the report “Managing Open Innovation in Large Firms”, the main barriers in Open Innovation (by importance) with these kinds of businesses are: Managing the organizational change internally Management of external...

Since I founded Premium Ingredients, a company specialized in functional food ingredient blends, constant innovation became one of our priorities, and this has been possible thanks to our external partners. Now, Premium Ingredients is integrated in Blendhub  and we are immersed in new projects, again, made...

Open Innovation is more than just 'out the old and in with the new', going outside or outsourcing. In fact, internal collaboration and support is an essential part of an Open Innovation strategy.  No one better than a company's team for defining: In which areas...

Crowdsourcing and co-creation are resources used by companies to look for external ideas. They try to develop new products by asking the crowd. There is a lot of potential for innovation in passionate groups of people. In this famous TED talk, Chris Anderson speaks of...

Open Innovation requires processes to ensure internal and external collaboration, and good governance is essential to achieve it. In relation to this topic, I found the article linked (from Innovation Management) very interesting. Jean-Philippe Deschamps, emeritus Professor of Technology and Innovation Management at IMD in...