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Crowdsourced Innovation: Three Things I Learned

IdeaScale

Innovation is Required to Be Competitive. This means that companies need to continuously innovate if they want to remain competitive in the market. In fact, Netflix crowdsourced its innovation process by paying 1 million dollars to the people who figured out how to improve its recommendation algorithm from 2006 to 2009.

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Getting to Yes Quickly: How Amazon Out-Innovates the Competition

Planview

How does tech titan Amazon out-innovate its competition time-after-time? It revolutionized cloud computing with the launch of Amazon Web Services in 2006. The post Getting to Yes Quickly: How Amazon Out-Innovates the Competition appeared first on Spigit. They do one thing more frequently than most. ” Say yes more.

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What is Crowdsourcing? Definition, Examples, and Benefits

Qmarkets

Whether it’s refining products, solving complex challenges, or gathering market insights, companies are increasingly turning to crowdsourcing to stay competitive. The term was popularized by Jeff Howe in 2006, when he described how businesses could leverage online communities to source innovative ideas.

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Getting to Yes Quickly: How Amazon Out-Innovates the Competition

Planview

How does tech titan Amazon out-innovate its competition time-after-time? It revolutionized cloud computing with the launch of Amazon Web Services in 2006. The post Getting to Yes Quickly: How Amazon Out-Innovates the Competition appeared first on Spigit. They do one thing more frequently than most. ” Say yes more.

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NASA Announces Winners of Open Innovation Robot Contest

IdeaConnection

The space agency launched an open innovation competition to design an arm for a space robot named Astrobee, and the first winners have just been revealed. Astrobee is a free-flying square robot that is going to replace three MIT-designed robots that have been working on the International Space Station since 2006.

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71 Innovation Methodologies

Open Innovation EU

Design Competitions. Focus stage: Seed Published: 2006 more…. Focus stage: Growth Published: 2006 more…. Focus stage: Seed Published: 2006 more…. Focus stage: Maturity Published: 2006 more…. Focus stage: Seed Published: 2012 more…. Crowdsourcing (Whitla). Focus stage: Growth Published: 2009 more…. Deep Dive (Ideo).

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3 Vital Idea Crowdsourcing Best Practices from the 2021 Suez Canal Obstruction

Qmarkets

In 2017 it was blocked for a few hours by the OOCL Japan, in 2006 it was blocked by the Okal King Dor for 8 hours, and before that in 2004 the Tropic Brilliance became lodged for 3 whole days. Ultimately, because the SCA has no competition there is very little pressure for them to innovate.