Two Case Studies: Implementing Open Innovation in Organisations
Implementation of Open Innovation at Palfinger
Open Innovation is common in start-ups, many projects are problem-driven instead of technology/solution-driven. For an established corporation like crane manufacturer Palfinger, the classic R&D department is invested in incremental innovation, whereas more radical innovation is happening in the new entity Palfinger 21st.
Open Innovation is a response to changing customers and industries. It is a strategic approach to find external radical innovations (digital, materials, business models, new ecosystems) and helps Palfinger to look ahead, and to develop new solutions and business models beyond the traditional crane business.
Palfinger’s core business contains fundamental areas where Open Innovation does not make sense; Open Innovation must be strategically implemented in areas where the company wants to gain novel external expertise to adapt to novel demands.
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