article thumbnail

Implementing Open Innovation: Insights from Ariana Smetana of AccelIQ Digital

Qmarkets

Open innovation is a core strategy for transformative growth amongst a growing number of enterprise companies around the world. The days of boardrooms and R&D departments keeping innovation under lock and key are waning, as companies are increasingly preferring a more collaborative approach with startups and other external parties.

article thumbnail

Crowdsourcing Open Innovation: Insights from Ariana Smetana of AccelIQ Digital

Qmarkets

After that, I decided to chart a different course by exploring my other interests and developing my creative side, which I expressed by founding an Interior Design and Workspace strategy firm in 2010. Let’s talk about open innovation.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

33 Routes to Open Innovation

Open Innovation EU

It has been a while since Henry Chesbrough coined the term Open Innovation and formulated it’s definition: “combining internal and external ideas as well as internal and external paths to market to advance the development of new technologies.” Open Innovation as a paradigm on itself is on its quest to touch base.

article thumbnail

The Need for Open Innovation in the Automotive Industry

Innocentive

This has worked until the point where effective innovation has become too complex and expensive for companies to achieve wholly from within ( Ili et al, 2010 ). Price erosion and shorter product life-cycles only make the impetus for innovation more aggressive and, thus, demand that innovation be as dynamic as possible.

article thumbnail

Effective communication is the essence of open innovation

Wellspring

The associated costs are significant; the company told Western Farmpress that the average cost to bring a new active ingredient to market between 2010 and 2014 was $286 million. They told Grainews in 2016 that, on average, 10 years elapse between idea generation and market launch.

article thumbnail

71 Innovation Methodologies

Open Innovation EU

Innovation Cycle (Avans). Focus stage: Early-stage Published: 2010 more…. Open Innovation (Chesbrough). Open Innovation Kick-Start Approach (AT Kearney). Open Innovation Requirement Model (AT Kearney). Experiments Open Innovation (Guinan). Managing Distributed Innovation (Bogers).

article thumbnail

Open-Source Innovation: Insights from Ariana Smetana of AccelIQ Digital

Qmarkets

Open-source innovation (or simply ‘open innovation’) is developing into a core strategy for transformative growth amongst enterprise companies around the world. Let’s talk about open-source innovation. Define Objectives: Know why you’re embracing open innovation.