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.
Tag Archives: open innovation
The Five Innovation Myths That Destroy Big Companies
Nokia is seen as a company that was innovative but is in decline. It was the company that made cell phones fashion accessories. In 2008 it had a 40% share of the global mobile phone market. Today it has just 3% of the smartphone market and the company is worth just 5% of it’s 2008Continue reading “The Five Innovation Myths That Destroy Big Companies”
Your Adjacent Possible – It’s Bigger Than You Think
Why didn’t Leonardo da Vinci invent the helicopter? In the 1480’s he drew a vertical flight machine. His notebooks reveal that he built small models of it. So why wasn’t he the first person to make a helicopter?
Loose Connections Stimulate Innovation
How many friends do you have? How many acquaintances and contacts? 5, 50, 150, more? Often innovation is about making unexpected connections. A diverse network of contacts increases our chances of making these connections. Your network is a great asset in expanding your thinking, providing new inputs and generating novel solutions.
Time your Tweets for Maximum Impact
When you Tweet has a big impact on how effectively you get your message across. If you’re organising a Tweet campaign you have to think about your tatget audience. Ask yourself when they will be most receptive to the message you want to deliver. Then time your Tweets so they have the maximum impact.
Action for Innovation 