Applying open innovation to a service
It is easier to trace the innovations that are present in a product than it is in a service. However, it also reflects the challenge of applying models of innovation …
Course: Harnessing Open Innovation in Business
Implementing and measuring open innovation
In this video, we will be discussing the importance of processes as a key factor. We will be exploring what the key processes are that an organisation would need to …
The week ahead
Welcome back to Week 3. We’ll get started by thinking about how open innovation can be implemented and measured – there can be significant differences depending on the approach and …
Summary of the week
This week we’ve covered some of the challenges an organisation faces when looking to find ideas and harness the power of its networks to successfully implement open innovation. We’ve also …
Sharing knowledge – expanding your own network
We’ve discussed the importance of relationships and networks this week. Indeed you will all have your own. The premise of open innovation is that, provided you choose your partnerships effectively, …
Identifying the network of innovation
Consider an organisation with which you are familiar. This may be one that you have worked for, or one of which the products you admire. Using some of your own …
Exploring a network
There are lots of examples of companies that have developed products using their external network. You may already know of several. For example – the two companies Linux and Wikipedia …
How to overcome biases and decision-making challenges
Both the beauty and the downside of successful open innovation networks means we can potentially access considerable amounts of information, but in doing so we risk becoming overloaded with information. …
Collaboration between universities and organisations
The sources of ideas and knowledge that an organisation can learn from vary. Here Dr Tim Hammond, Director of Commercialisation and Economic Development at Durham University, talks about his own …
The challenge of adaptation
“Big companies that fail to innovate risk extinction. That’s the stark truth in the era of ‘digital disruption’.” (Wall, 2014) Perhaps so, but this statement makes particular assumptions about the …
What affects finding and applying knowledge from the outside world?
Dr Mat Hughes introduces the concept of absorptive capacity and considers factors which affect the ability of an organisation to implement innovation. Reflection Watch the video and consider: What does …
The week ahead
Welcome back to Week 2. Dr Mat Hughes starts the week by inviting us to think about what affects the way organisations find and apply knowledge that have come from …
Summary of the week
We have seen this week that open innovation has the potential to make significant impact to competitive advantage, but there are challenges and risks to realise this. We hope you …
How does supplier integration work?
A key premise of the drive to integrate the supply chain is that working with suppliers can lead to better and more marketable products. When this is done early in …
What are the risks?
So far we have been discussing the positive aspects of open innovation. These have popularised the concept and in recent years several research institutes have tried to understand it, on …