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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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Understanding Open Innovation

IdeaScale

The ultimate result is open innovation, the concept that good ideas come not just from within organizations, but from outside them as well. Why Open Innovation Is Emerging as a New Paradigm. The erosion of closed innovation has been happening for several reasons.

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70-20-10 Innovation Rule Template

Leapfrogging

The 70-20-10 Innovation Rule is a strategic framework that guides organizations in allocating time, budget, and resources across three categories of innovation: core, adjacent, and disruptive. Adjacent Innovation (20%) targets expansion into related markets, new customer segments, or additional product lines.

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How to Execute An Open Innovation Strategy with Innovation Management Software 

Qmarkets

With digital disruption accelerating across industries, traditional, closed approaches to innovation no longer suffice for most companies. In fact, research shows that companies practicing open innovation achieve faster time-to-market and often realize higher revenue from new products.

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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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Imaginatik and the Oil and Gas Technology Centre to Co-Present During Poster Session at the World Open Innovation Conference

Imaginatik

Imaginatik will be attending the 5th Annual World Open Innovation Conference (WOIC) in San Francisco, CA on December 13th and 14th. We’ve partnered with our valued customer, The Oil and Gas Technology Centre (OGTC) to develop and submit an open innovation paper describing our work together and the resulting economic impact.

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Key Takeaways from April’s Open Innovation Summit

IdeaScale

The Open Innovation Summit is all about expanding innovation beyond a small committee or a lab in the building to your entire organization. Just like any other scaling project, taking innovation company-wide can come with unexpected obstacles. Innovation Isn’t Tech-Driven. Be Adaptable.