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Pitch me on why Innovation Ecosystems are better than my present open innovation approach

Paul Hobcraft

Pitching the reasons to change to Innovation Ecosystems in thinking and design So after working through the values of the Innovation Ecosystem over a series of three posts I asked Chat GPT to help me in making a pitch for the change from existing internal orientated innovation processes and structures.

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70-20-10 Innovation Rule Template

Leapfrogging

For example, core innovation might follow an agile project cycle, while disruptive innovation could use design thinking or open innovation models. Consider: Budget planning: Allocate 70% of the innovation budget to core initiatives, 20% to adjacent, and 10% to exploratory or disruptive ideas.

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The building blocks of open innovation lead towards Business Ecosystems.

Paul Hobcraft

The building blocks of open innovation building towards Business Ecosystem design. By incorporating Open Innovation Strategies as the next building block, businesses can create a dynamic and expansive innovation ecosystem beyond internal and partnership and certain collaborative boundaries.

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Recognizing the distinguishing points of Innovation Ecosystems

Paul Hobcraft

What distinguishes an Innovation Ecosystem from Open Innovation? Within a short series about Innovation Ecosystems this post asks what really are the distinct differences within innovation ecosystem thinking and design, to provide a set of common distinguishing points to move from “just” open innovation.

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Procurement Strategy for Supply Chain Agility

eZassi

The Ezassi Advantage: Enhancing Supply Chain Agility for Procurement Executives Why CPOs and Supply Chain Executives Should Pay Attention For Chief Procurement Officers (CPOs), procurement leaders, and supply chain executives, staying ahead of disruptions while driving efficiency, cost savings, and sustainability is more challenging than ever.

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Open Innovation: A critical success factor when you build your innovation journey

IdeaScale

and How can we change the way we work and the way we interact with our customers, to ensure that we know their needs at all times to respond in an agile and fast way? As a consequence there is not a “one size fits all” solution – each company needs a unique plan to drive innovation and change successfully.

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The Challenging Conditions for today’s Innovation Practice

Paul Hobcraft

Yet we must make the case for innovation to change before it is to late So what are many of those changing conditions in innovation practice?