Excellence in the Fuzzy Front-End – Part 3

In the first parts of this article series we argued that that the scope and nature of innovation is changing. Big Data, Social Innovation, Additive Manufacturing (3D-Printing etc.) Design Thinking, Lean Start-up, etc. are becoming Good Practice in innovation management. We argued that in “making innovation things right”, i.e. in the back-end of the innovation funnel, many firms have established …

Excellence in the Fuzzy Front-End – Part 2

In the first part of this article series we argued that that the scope and nature of innovation is changing. Big Data, Social Innovation, Additive Manufacturing (3D-Printing etc.) Design Thinking, Lean Start-up, etc. are becoming Good Practice in innovation management. We argued that in “making innovation things right”, i.e. in the back-end of the innovation funnel, many firms have established …

Leading firms are discussing with innovation-3 about “Open Innovation inside the firm”

Open Innovation inside the firm (sometimes also called intra-firm Open Innovation) is an extremely hot topic in Central Europe. And innovation-3 is in the sweet spot of helping leading firms to use the “wisdom of the internal crowd” for driving innovation performance. In the second half of May, innovation-3 will conduct a one-day workshop on this issue with clients and …

Integration of B2B customers in Open Innovation

It is now 10 years since Henry Chesbrough published his groundbreaking book on the “new  imperative for creating and profiting from technology”. A lot of insight has been generated since then about how firms could win the innovation race by leveraging the expertise of a connected world with exponentially growing and globally distributed knowledge. Probably the largest part of material …

Recording of Expert Panel discussion now online

On May 31, innovation-3’s Frank Mattes moderated an Expert Panel Discussion on making innovation pay. The session focused on methods to increase the rate of innovation, reduce individual level costs per innovation and encourage fail fast methods. This session was also looking for unusual ways that organizations have managed to drive innovation execution to make returns on their innovation investments …

Open Innovation conquers the whole value chain

Last week I had two very interesting discussions with two global companies that are far advanced in implementing Open Innovation. One of these companies is the lighting division (let’s call it ‘Lighting corp’ for the sake of confidentiality) of a world-leading electro-technical MNC, the other one a globally leading FMCG company (let’s call it ‘FMCG corp’). These discussions took place …

How to sell an innovation idea

Every new innovation idea – and this is certainly true the more radical it is – has first of all to get Top Management’s awareness if it ever it is to be realized. In my consulting experience I had dozens of opportunities (or challenges, depending on how you want to see it) to sell an innovation idea to Top Managers. …

Keeping up a constant flow of ideas at BASF

Recently I spoke with Dr Thomas Weber, Managing Director of BASF’s Future Business, about what it takes for a large company to maintain a constant flow of innovation ideas and a spirit of enthusiasm to feed the pipeline. BASF Future Business (www.basf-fb.com) opens up new areas of business for BASF, the chemical industry’s leading player. It is geared to exploration …