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Open Innovation

disruptive solutions mindset 101 coffee break game changers

Upcoming Radio Show Event - Disruptive Solutions Mindset 101 on Coffee Break with Game-Changers Radio LIVE Wednesday, August 16, 2017 at 8 am PT / 11 am ET. Disruptive Solutions Mindset. Listen live. Please join us as Denise Fletcher, our Chief Innovation Officer, will be a guest speaker on the Coffee Break with Game-Changers radio show, hosted by Bonnie D. Graham. ...

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Innovation Budget Planning Components Top 10

As a follow-up to our recent blog on “What to Include in Your Innovation Budget” we have created an innovation budget planning components list with 10 key items you should include in your innovation budget for the coming year.   As you will notice as you go through the budget checklist, some of the key components include taking advantage of external resources. As Benjamin Franklin said, “time is money,” so keep in mind that innovation planning may go beyond optimizing internal resources and require you to invest in outside resources in order to speed up production time.     With that in mind, here are 10 key components that should be a part of your innovation budget plan:   Innovation Budget Planning Components #1 Outside Consulting Ask yourself: Do we have the skills and resources necessary for our project research and development? Can we bridge the gap with outside consulting resources?   Whether you need help developing innovation and best practices...

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Innovation Budget Planning Considerations

As you start Innovation budget planning, Here are eight things to consider:   When it comes to Innovation budget planning (and R&D), it's typically a laborious process that spans several months with business model canvases, business cases, proposals and pipeline discussions. I remember my inbox being flooded with documents, meeting requests and scientists pushing their research forward for my sponsorship. As Forbes magazine mentioned in an article last year “The presumption is that R&D spending is somehow connected to increased innovation, revenue growth and profits. However, leaders may be asking the wrong questions here. A focus on R&D spending might be a good way to gauge best practice within an industry, but it is not a measure of how innovative any company is. Having a great R&D process and achieving market success with the technologies we invent are two different things.” Nonetheless, budgets are the fact of corporate world and must be developed....

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Open Innovation Convincing the Decision Makers

Open Innovation Shouldn't Be a Hard Sell. But, All Too Often, It Is. At Ezassi, we believe whole-heartedly in the importance of Open Innovation for the survival of businesses. That being said, we also fully recognize that convincing decision makers to go forward with Open Innovation initiatives can be a hard sell. It almost seems counterintuitive that the same leaders who were responsible for launching and cultivating a successful business, would be resistant to change even in the face of evolving markets. Yet all too often, that is the case. Open Innovation convincing decision makers should be a primary focus.   This means that it falls on employees to make the case for Open Innovation and convincing the decision makers, which can be a thin line to walk. To help you navigate these choppy waters, we put together a comprehensive guide entitled, “How to Make Open Innovation an Easy Sell in Your Organization,”...

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Innovation is the dynamic process of developing new or disruptive products, methods, or services. It doesn’t occur by accident or in a vacuum. Instead, innovation is guided by leaders who understand its demands and complexities, and are willing to share this knowledge with others. Innovation leaders share specific traits that naturally suit them to this role. These leaders are:...

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FEI Europe — Adapt, disrupt, innovate. This year’s FEI Europe conference in London was full of energy and ideas and I left feeling more motivated and inspired than ever to continue to find new ways to disrupt stale approaches to innovation. While every success should be celebrated, it is vital that companies don’t make the mistake of resting on their laurels. We must continue to innovate and look for new ways to think about and use technology. The good news is that there was plenty of that happening at FEI Europe.   London provided the perfect backdrop for a week of exchanging ideas at FEI Europe. The city is a unique combination of history and modernity that constantly reminds us of the importance of our past and the need to create a better future. It also didn’t hurt that I got the opportunity to meet with other thought leaders and enjoy world class...

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Intellectual Property (IP) Protection is the biggest obstacle to an effective, sustained open innovation initiative. IP protection is complicated because both the company and potential contributors have developed concepts and systems, and sharing them brings risks unless tools are in place to protect it. The challenge is to balance these competing IP needs to assure a continual flow of quality submissions. Ezassi has IP protection built into our robust Idea & Open Innovation Management Solution, allowing organizations to confidently maximize the benefits of an OI system.   The Need for IP Protection for Open Innovation Intellectual Property protection is necessary to Open Innovation for three reasons:   Trust. Open Innovation requires the development of a symbiotic relationship between the Corporation and its contributors. For this to occur, there must be trust between the parties that their IP will not be exploited by the other. An effective IP protection establishes the trust environment.   Reputation. Companies must have...

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