a small group of innovation enthusiasts to exchange insights and best practices. Hot topic of the day: open innovation. What did the conversation boil down to? These are the six main takeaways.
American organizational theorist Henry Chesbrough was the first to dub this concept ‘open innovation’. Speaking out against traditional, closed product development processes, he introduced the ‘open innovation funnel’, encouraging companies to look beyond their own organizations.
While the importance of innovation is crystal clear for many organizations, daily execution usually remains challenging. When renewing products, services or business processes, companies often encounter the same obstacles. But what if companies could learn from each other?
We show some of the hurdles of open innovation and present some useful tips to overcome them.