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Nine Short Innovation Lessons from Lego

Destination Innovation

David Gram, Head of Marketing at Lego’s Future Lab, said, “We only develop the few key features that are really needed. We throw it into the market and get feedback from consumers.”. As recently as 2011 90% of Lego’s users were boys. Collaborate to innovate. Study the user in action.

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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.” ” ( Chesbrough, 2003 ). Route 3: Spin-off.

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Typology for Innovative Organizations

Open Innovation EU

The model describes organizational typologies based on cultures of innovation. This model is drawn upon a combination of Quinn & Cameron’s values framework (2011) and Nagji and Tuff’s innovation ambition framework (2012). Each type of organization exists in three different levels of innovation. References.

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Adaptive Strategy Matrix [Infographic]: exploration vs. exploitation?

Open Innovation EU

I recently ran into an article (Walrave et al 2011) that analyzed a simulation of investing in exploration vs. exploitation. A monopolistic position in a certain market will reduce the external pressure to invest in exploitation. A calm market or ecosystem will increase the external pressure to invest in exploitation.

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Simon Hill shortlisted for The TechXLR8 2020 Tech Leader of the Year Award

Wazoku

programme, and agreed a major new partnership with US Open Innovation firm InnoCentive. In the spirit of innovation, “it is important for us to keep pushing the boundaries of what we can offer to drive value and new solutions for our global clients” said Simon. In the last 12 months alone, Simon has: closed a £2.5M

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11 Paradoxes of Entrepreneurial Thinking: why entrepreneurship can hardly be taught

Open Innovation EU

Whereas Schumpeter describes an entrepreneur as disequilibrative – destroying the pre-existing stage of the equilibrium ((Kirzner, 1999) – Kirzner chooses to describe the role of the entrepreneur as more equilibrative – entrepreneurs systematically displace disruptive conditions in order to create stabilized market conditions (Kirzner, 1999).

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Warm and Fuzzy at the Front End of Innovation

Paul Hobcraft

I wrote about “ hearing all the voices of ideas at the front end and the “ two distinct parts of the innovation funnel ” building from my original post “ the new extended innovation funnel “, written in 2011. Broader engagement in innovation creation is presently hampered by this narrow view.