7 Challenges for Corporate Innovation Units

by Stefan Lindegaard

What are the key challenges for corporate innovation units? Let’s have a discussion on this. Below you get my starters. Your input is highly appreciated!

Hit the window! The window of opportunity gets smaller and smaller and the time to success decreases. In short, cash cows are a dying race. Corporate innovation units need to hit smaller windows more often in order to create strong return on investments.

Organize for fast pace, fast change! This builds further on the above. Things just happen faster today and you need to prepare and organize for this.

Crack the X! My TBX model is quite simple. Innovation requires strong buy-in from the top (T) and support from the bottom (B), but the real challenge comes from middle managers...

FREE BOOK: Making Open Innovation Work

by Stefan Lindegaard

“Big and small companies—you need to open up!” This is the key message in my new book, Making Open Innovation Work, which is available on Amazon.com.

Yes, I might make a few bucks on the book if you buy it, but since the key reason for writing this book was to increase the awareness of open innovation, I will give it to you free of charge. I even encourage you to share the book with your network.

DOWNLOADS:

The full book: Making Open Innovation Work by Stefan Lindegaard
Text – if  you want to share it with others: About Making Open Innovation Work

SHARE IT WITH OTHERS! Why not give your network, readers or community a free book? You...

Open Innovation, Closed Innovation and Related Terms

by Stefan Lindegaard

When people ask me what open innovation is, I suggest they should view open innovation as a philosophy or a mindset that they should embrace within their organization. This mindset should enable their organization to work with external input to the innovation process just as naturally as it does with internal input.

In a more practical definition, open innovation is about bridging internal and external resources and acting on those opportunities to bring better innovation to market faster.

It does not really matter whether this external input is in the form of open innovation, crowdsourcing, user-driven innovation or co-creation (read later in this post). It is “just” about getting more external input.

This is in contrast to the old model of closed innovation, in which...

Open Innovation Examples and Resources

by Stefan Lindegaard

I have created a list of examples and resources that I find useful in my work with open innovation. I hope you can find some inspiration on this. Let me know if you believe something is missing.

Corporate websites – examples of open innovation and crowdsourcing-like initiatives:

• 3M Zukunft Innovation (in German)
• BMW Virtual Innovation Agency
• Boots Centre for Innovation
• Campbell’s Ideas for Innovation
• Cisco I-Prize
• Clorox Connects
• Colgate-Palmolive
• Dell IdeaStorm
• DSM Licensing
• Ericsson
• Ford Story
• General Electric Ecomagination
• General Mills G-WIN
• GlaxoSmithKline
• Hershey´s Ideaworks
• HP Labs Open Innovation Office
• IBM Collaboration Jam
• Ingenuity Working (by Psion)
• Intuit Collaboratory
• Intuit Labs
• Johnson Controls Open Innovation
• Kraft – InnovateWithKraft
• LG
• Medtronic
• Nestlé
• Netflix Prize
• Nokia
• Nokia Beta Labs
• P&G Connect+Develop
• Pepsi Refresh Project
• Reckitt Benckiser

...