I am frequently asked, “Why should my company adopt Open Innovation?” My new response will be, “Don’t you want 17% growth in earnings each year.” Let me explain.
Recently I visited a company that wanted to invest in innovation. They wanted to act, yet they were hesitating. They were thinking of innovation as the creation of totally new, game changing products that radically change the marketplace. They were reluctant to invest all of their innovation budget in such high risk projects. A veryContinue reading “Innovation – Where Should You Invest?”
When I talk about innovation I usually start with an explanation of why innovation is important. To do this I use two reports, one published in 2000 by PWC, the other published in 2010 by DeBooz. Although the surveys were published 10 years apart they provide a remarkably consistent view of why we should innovate.Continue reading “The Benefits of Innovation – The 20:20:20 Rule”
Enterprise social networks (like Yammer or Jive) are great for sharing information, having conversations and developing ideas. I seen a number of businesses implement enterprise social networks. I know that some of them have been disappointed with the outcomes. They’ve invested in the implementation and roll out. Technically the implementations have been great. Yet peopleContinue reading “Enterprise Social Networks: Build It and They Will Come (Maybe)”