Currently I am working with one of Germany’s hidden champions (i.e. a SME that is world-market leader in a specialized market) in crafting its Open Innovation strategy. Defining the Open Innovation strategy is a stringent process with five steps (by the way, this is one of the topics I teach in my Masterclass, see here and here). In step 1, …
Open Innovation in Germany: The state of the nation (Initial study results)
Open Innovation is certainly one of the hottest topics in innovation management. The big question however is: To what extent is it already practiced in “normal” companies – companies that are not P&G, IBM, Eli Lilly and other well-respected singular beacons of Open Innovation. To answer this question – at least for the German-speaking countries – I conducted a statistically …
Trends in innovation management
In a recently published article in InnovationManagement Georges Haour, Professor of Innovation and Technology Management at IMD, states two major trends in innovation management. Innovation ecosystems First, companies must deal with more and more external inputs. By being aware of and accessing what universities, SMEs or start-ups can offer to complement their own internal capabilities, companies are in a much …