(Innovation Excellence, 25 April 2012) In Brief: Companies find success in working with external talent or companies by building networks for the long run, rather than waiting until the last moment to look outside of their organization. “You build it for when you need it, instead of building it when you need it,” this blogger [...]
Read more(Innovation Excellence, 16 April 2012) In Brief: Working with outside partners can lead to faster development of new products and services and a more diverse set of projects, according to an innovation service provider. Top management must support the strategy to influence the rest of the company. Our View: Most R&D employees don’t understand the [...]
Read more(The Globe and Mail, 10 April 2012) In Brief: IBM is partnering with seven universities in Ontario for a new R&D center in Canada. The company, which will invest $175 million in the project by 2014, is aiming to integrate Ontario’s researchers into its “pipeline of innovation.” Our View: To benefit from your open innovation [...]
Read more(Forbes India, 28 February 2012) In Brief: Because India’s Tata Motors wants to be a full-line auto maker that thrives in the global marketplace, it’s working on several R&D projects with universities, start-ups, and other vendor partners across the US, Europe, and its home country. Tata emphasizes acquiring technology for new products in the near [...]
Read more(15Inno, 15 January 2012) In Brief: This article provides three reasons why communication is important for companies who are involved in open innovation. The reasons include: to become a partner of choice, to have company buy-in, and to create clear messaging. Our View: Most companies lack top-of-mind awareness with prospective partners, often causing them to [...]
Read more(Financial Times, 28 December 2011) In Brief: As R&D budgets continue to tighten, companies are using open innovation for new and faster product creation. There are now over 50 companies that act as matchmakers to foster relationships between those who have ideas and those who seek them. Our View: Companies spend more than 20% of [...]
Read more(Forbes, 14 December 2011) In Brief: According to this author, business leaders struggle with understanding the three phases of innovation: discovery, evaluation, and execution. Our View: As organizations emerge from the recession, innovation is rising to the top of the corporate agenda. R&D leaders are increasing investments in growth markets and breakthrough projects but remain [...]
Read more(Strategy + Business, 30 September 2011) In Brief: Despite the challenges associated with striking successful third-party partnerships, companies are increasingly opening their research and development efforts externally. New research shows that open innovation partnerships can yield high returns in the long run, though trying to maintain too many relationships can be counterproductive and costly after [...]
Read more(Bloomberg, 5 September 2011) In Brief: Volkswagen and Suzuki’s planned joint venture is falling apart at the seams due to disagreements over financial and operating policy decisions. The deal had been signed in December 2009 so the two automakers could better collaborate on technology for hybrids and electric cars and to further their respective global [...]
Read more(Cnet, 31 August 2011) In Brief: The recent deal between Hitachi, Toshiba, and Matsushita Electric to manufacture large, liquid-crystal displays for flat-screen televisions is the latest joint venture among Japanese companies seeking to create a steady stream of what can be a volatile and costly supply for their TV businesses. Our View: Many organizations are [...]
Read more
