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The ‘license’ often include information about the collaborators, how the risks are shared, how the pofits are shared and to what extend the technology or information may or may not be altered or adapted. Route 4: Collaborative Innovation. Route 5: Co-engineering. More info: Steen, Manschot & De Koning (2011).
A 2011 IBM study of over 3,000 CIOs revealed that CIO-CEO alignment is stronger than ever, with traditional companies aggressively investing in technology innovation. Even internal collaboration tools, such as Basecamp, salesforce, and Sharepoint, should be subject to detailed business case and ROI analyses.
It made a massive investment (more than $1 billion) to build a software “ Center of Excellence ” in San Ramon, California to manage the data explosion created by the increasing intelligence of its industrial machines. GE is now approaching $1 billion in new revenue annually from their expanded software and data activities.
In 2011 GE, the company famous for exporting great leaders, imported one when it recruited Bill Ruh from Cisco to lead GE’s push into software and analytics. Three years later, GE hired veteran softwareengineer Ganesh Bell to be chief digital officer of GE Power and Water. Cut layers.
We believe that when this incredible professional diversity collides with softwareengineering talent, you have the recipe for breakthrough innovation. And what''s even more interesting, between 2007 and 2011, a time when venture capitalism was down 11% nationally, New York saw growth of 32%.
Brian Fitzpatrick joined Google as a senior softwareengineer in 2005, shortly after the company’s IPO. Brian specialized in open-source software development and he quickly became a champion within the company for various initiatives focused on end users. He had to find willing partners that he could collaborate with.
In 2011, Thierry Andretta, the CEO of French fashion company Lanvin, announced an initiative called "no email Wednesdays" because he thought people had stopped actually talking to each other. Atomic Object, a software company in Michigan, put in place a standing-only rule in meetings, to keep them focused and short.
In fact, among the top 10 companies of the Forbes Most Innovative Companies list (since 2011 when we started the list), more than 80% of the most innovative companies compete in industries in the top right quadrant. In other words, if you are in a high uncertainty industry, you must excel at innovation…or die.
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