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Innovation Definition Tag

08 Nov

What is Social Innovation? Definition, Examples and Best Practices

by Robyn Silber
in Innovation, Types of Innovation
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[vc_row][vc_column width="2/3"][vc_column_text] What is Social Innovation? [/vc_column_text][vc_empty_space height="22px"][qodef_blockquote text="Social Innovation refers to the creation of new solutions—ideas, services, or models—that meet pressing social needs and improve individuals' and communities' quality of life. Unlike conventional innovations focused primarily on profit, Social Innovations aim to create shared value, addressing complex challenges such as poverty, health, education, and environmental sustainability." title_tag="h3" width="100%"][/vc_column][vc_column width="1/3"][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text]Notably, in 2023, the United Nations General Assembly formally recognized Social Innovation’s contributions to sustainable development, underscoring its relevance in today’s interconnected world. The jury is still out on the greatest social innovation of all time; is it the wheel, the social innovation that got the human race rolling, facilitating trade and spreading ideas and wealth globally, or is it the tax system which allowed the creation of public service the (theoretical) equal distribution of wealth? The internet gets my vote, for its substantial social impact in a relatively short period. In less...

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29 Oct

What is Open Innovation? Definition, Types, Model, and Best Practices

by Stephanie Creech
in Innovation Software, Intellectual Property, Open Innovation, Types of Innovation
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[vc_row][vc_column][vc_column_text]Table of Contents What is Open Innovation? Types of Open Innovation Models Examples of Open Innovation Top 10 Best Practices for Open Innovation [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="20px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] What is Open Innovation? Open innovation is a forward-thinking strategy that emphasizes collaboration and external input to drive innovation. By combining internal efforts with ideas, technologies, and expertise from outside sources, organizations can accelerate growth, develop cutting-edge solutions, and address complex challenges. Open innovation breaks down traditional boundaries, embracing collective intelligence to create value faster and more efficiently. Unlike closed innovation, which focuses solely on internal R&D, open innovation actively encourages partnerships and knowledge sharing, accelerating innovation cycles by leveraging external expertise and resources.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height="20px"][/vc_column][/vc_row][vc_row][vc_column][vc_column_text] Open Innovation Model: Key Features The open innovation model brings together several core principles, distinguishing it from conventional innovation practices: Collaboration: Open innovation thrives on partnerships with customers, suppliers, startups, universities, and even competitors. By working with external stakeholders, companies can benefit from broader expertise and...

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innovation day
13 Feb

Innovation Day

by Hunter O'Donnell
in Conference, Innovation, Innovation Software, Innovation Solutions, Open Innovation
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[vc_row][vc_column][vc_column_text] What is Innovation Day? Innovation Day is a dedicated event within organizations aimed at celebrating creativity, fostering new ideas, and encouraging employees to engage in activities that drive innovation, helping companies stay competitive and forward-thinking.  [/vc_column_text][vc_empty_space height="22px"][vc_column_text] Innovation Day - Challenge the Status Quo & Reach for Innovative Solutions [/vc_column_text][vc_empty_space][vc_column_text]Every year, the world of innovation pushes boundaries and reshapes our lives. The Ezassi Innovation Management Software, Strategy & Services team trusts you’ll identify an organization-wide opportunity to celebrate your advancements and envision the future. Here are some great dates to consider: February 11 A popular celebration of human ingenuity is February 11th, National Inventors Day, which began in 1983 in the United States. It recognizes new inventions and inspires innovators in honor of the anniversary of the birth of Thomas Alva Edison, one of America's most famous and prolific inventors. February 16 A similar commemoration found on many calendars is “Innovation Day,” often set for February 16. This...

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what is innovation management
16 Nov

What is Innovation Management?

by Hunter O'Donnell
in Collaboration Software, Idea Management Software, Innovation, Innovation Software, Innovation Solutions, Open Innovation
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[vc_row][vc_column][vc_column_text] Navigating Innovation Management: Implement a Scalable Process and Engaging Platform for Enterprise Ideation and Collaboration Creating Open Innovation Solutions [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Regardless of your organization’s innovation portfolio size or scope, every business needs a strategy and competitive advantage for growth and technological advancement. Supporting an innovative culture and adopting an innovation management platform across your company assesses valuable KPIs of the current pipeline and promotes future opportunities through the transformative power of innovation.[/vc_column_text][vc_empty_space][vc_column_text] Defining Innovation Management  The Key Pillars of Innovation Management Tools and Techniques for Innovation: Idea Management, Pipeline Management, and Technology Discovery Software & Innovation Services  The Benefits of Innovation Management [/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space][vc_column_text] Defining Innovation Management: [/vc_column_text][vc_empty_space height="22px"][vc_column_text]Innovation management is the process of nurturing and guiding the development of new ideas, products, services, or processes within an organization. It’s the strategies, idea stage gate and workflows that move creative ideas, novel technologies, or key market insights through an efficient and transparent pipeline of challenge solvers and...

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innovation solutions
03 Aug

What Are Innovation Solutions?

by Stephanie Creech
in Innovation, Innovation Challenge, Innovation Software, Innovation Solutions, Intellectual Property, Open Innovation, Technology, Technology Challenge, Technology Scouting
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Innovation can also come in the form of new types of services that offer improvements on old ways of doing things, meet previously unidentified needs or fill gaps in the market. More often, innovation solutions use technology to support and dispatch new services...

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