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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.   You will notice as you go through the innovation budget items, 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...

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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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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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Pharmaceutical Accelerate Innovation with Software Technology   First, A Look at Deloitte's US Life Sciences Outlook Report   Deloitte released the 2017 US Life Sciences Outlook and the report discusses some very important points for the pharmaceutical sector to consider. It’s a great report and one worth reading. Let’s compound this with a few other events occurring in this space: The healthcare bill on the senate floor that’s yet to be determined. The more informed consumers that think nothing of taking to social media to complain about the cost of care and drug prices. The press and evening news reporting immediately on the fallout from social media and drug prices. High deductible plans continue to trend upwards which equates to more consumers paying more out of their wallet for healthcare. And then there's Amazon...

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Idea Management Software Streamlines Open Innovation "Open innovation is a paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology." https://en.wikipedia.org/wiki/Open_innovation R&D Is No Longer a Barrier to Entry or Strong Strategic Advantage Traditionally, innovation was a closely guarded secret. R&D teams hid away in secrecy innovating, discovering, and releasing the next generation of products. Think of IBM, Bell Labs, DuPont and other companies where R&D was a valuable strategic asset. Traditional Companies Are Moving Toward Open Innovation According to the MIT Sloan Management review "Companies are increasingly rethinking the fundamental ways in which they generate ideas and bring them to market — harnessing external ideas while leveraging their in-house R&D outside their current operations." http://sloanreview.mit.edu/article/the-era-of-open-innovation/ Harvesting, managing and sorting through 1,000s of ideas to find the diamonds in the rough is a daunting process. Large organizations...

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eZassi Uses Social Sites like Linkedin to Sign-In and Auto Profile Users How many times have you been interested in something online, only to abandon moving forward when you see a cumbersome sign in process, replete with password entry a confirmation email in the way? A 2012 study by Blue Research found 86% of people are bothered by the need to create new accounts, 54% consider leaving the site, and 88% say they have given inaccurate information. What is Social Sign-in? eZassi integrates with Linkedin, Facebook, and other popular platforms so that with the click of a button, the visitor can “sign-in” and start participating in the open innovation process without creating a username and password and verification email. Benefits of Social Sign-in Higher conversion of visitors into users Increase the amount of people that join your innovation community by making it easier to begin. Higher participation once a user joins your innovation community. Users can go back...

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Technology Scouting Software for Open Innovation

Business is evolving faster than ever. Consumer demands have never been higher, and large organizations who don’t innovate will eventually die. Large organizations like these can no longer exclusively rely on the internal R&D team or employee base to produce the product innovation and insights that will keep them in the game. Enterprises are increasingly turning to open innovation for their product development strategy. Alan G. Lafley, CEO of Proctor & Gamble believes “half the company’s ideas must come from the outside.”   Technology Scouting Allows Organizations to Find Innovators and Solvers   To do this, you need to find and engage innovators outside of your organization. This is called “technology scouting,” and it’s a critical aspect of open innovation. Scouting allows organizations to identify intellectual property and key influencers and engage them to become part of their innovation. Whether you’re scouting “internally” among 1,000s of employees in your organization or need to reach outside of your organization,...

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