Creating Value Through Business Model Innovation References (28) 1. “Business 2010: Embracing the Challenge of Change,” white paper, Economist Intelligence Unit, New York, February 2005, p. 9. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. www.betterplace.com. 22. 23. 24. 25. 26. 27. Show All References Open Innovation and Regional Economic Development Hypothesis: If Pittsburgh knew what Pittsburgh knew, it would be unstoppable. The amount of research and development talent in Western Pennsylvania -- in universities, government-sponsored research enterprises, and corporate R&D facilities, not to mention small labs, garages, and studios -- is extraordinary. There are an awful lot of great people in town doing an awful lot of great, innovative work. But too often, they don't know each other, and for want of collaboration, great innovations go undeveloped or are underdeveloped. Innovator #1 and Innovator #2 may each have a critical piece of an innovation marriage made in heaven -- but those two people may occupy different innovation spaces altogether. Can the idea of Open Innovation help solve some of this complex coordination problem? There are some modest examples of related things already in place. The Innovation Access Network is an imperfect thing (aren't they all?) So: How might Pittsburgh improve on this?
modernmarkets Innovation Excellence The Truth about Innovation Innovation is a fancy word. We therefore expect it to be well dressed, smooth talking and brilliantly executed. We like the good things in our lives to be clean and shiny. But breakthrough innovation is not smooth. Portrait of an Innovator Linus Pauling was an innovator of historic proportions. One of his earliest and greatest breakthroughs was the discovery of the structure of hemoglobin. He was the most celebrated scientist of his day and a shoe-in for the Nobel Prize, which he first won in 1954. It was, in fact, two unknown postgraduates at Cambridge named Watson and Crick who utilized x-ray diffraction analysis to discover the helical structure of DNA. Testing and Learning The example of Watson and Crick is not uncommon. However, they also usually fail. Venture capitalists understand this. The reason is that prediction is difficult, for a variety of reasons. The Difference Between Strategy and Innovation Innovation has nothing to do with overall direction. - Greg
blog - collaborate to innovate: ECONOMICS of open innovation What ROI at what RISK? – every investor’s top question! With respect to open innovation, the same question gets rephrased as below … a) What is the cost of doing ‘open innovation’ vis-à-vis strictly ‘in-house innovation’?b) Opening up for innovation is new for me, and new things carry more risk, can I predict my return-on-investment?c) How can I have a control over people not on my payroll? So how are the various aspects of collaborative innovation fair when it comes to the all important, COST? COST FACTOR 1: By far the most favorable advantage open innovation carries is ‘Pay for real outcome not for trial and error.’ This is a huge cost saving, and a simple logic. A must ask question is “Then who pays for the effort which does not yield desired results”? COST FACTOR 2: Benefit from what is yours, in-house. COST FACTOR 3: Avoid risk of not completing the first, fifth or the last mile of your idea just because you do not have a person who can travel that mile for you.
iPhone & iPod Touch App Crowdsources Locations of EV Charging Stations Cars Published on June 2nd, 2011 | by Zachary Shahan Tina wrote about a Google and Department of Energy initiative to create a comprehensive map of electric vehicle (EV) charging stations for the United States in April. Of course, that is awesome and I have no doubt they will create an awesome and useful map. But now, I’ve just read about what may be an even cooler EV charging station map that’s in the works. Xatori Inc., a software innovation company, has created an iPhone app that provides instant access to EV charging stations and other EV owners. Here’s more from our sister site, Insteading: Beautiful. In addition to just helping people find and access EV infrastructure, the app is focused around supporting and growing an EV culture as well. “We want to build and support a community that’s creating a paradigm shift to a massively cleaner type of transportation,” Xatori co-founder and chief executive Forrest North told TechCrunch. Here’s a little more from Insteading: Thoughts?
How to Innovate Innovation: Takeaways from the Quick MIX Brainstorm (part 1) We recently ran an on-line brainstorming session we call “Quick MIX” focused on a topic related to the current “Innovating Innovation” M-Prize challenge. The question for the Quick MIX was: what is the one thing you’d change to make organizations more innovation-friendly? Over the course of a few days, MIXers from around the world submitted over 100 answers to this question, many of them receiving lots of praise and tweets from the MIX community. 1. Several entries suggested that innovation is often a fuzzy concept in most organizations—that is, different people have disparate views of what innovation is or ought to be. Developing the right metrics goes hand-in-hand with clearer and more holistic definitions of innovation. View all the Quick MIX ideas on defining and measuring innovation 2. View all the Quick MIX ideas on innovation skills 3. View all the Quick MIX ideas on innovation tools 4. View all the Quick MIX ideas on innovation accountability 5. 6. 7. 8.