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University of Cambridge’s Navi Radjou and Jaideep Prabhu write that since 2009, the cell phone company Nokia has worked to use cell phone technology both to empower and to target the world’s rural poor.
The article offers four recommendations for an effective “network orchestration” strategy, bringing together local and global innovation partners in emerging markets. Multinationals should extend innovation partnerships beyond the usual channel partners by engaging key community stakeholders such as government bodies, universities and NGOs; engage innovation partners strategically with a larger purpose; trust but verify in a transparent manner; and designate local partner network managers.
We’re all familiar with the power of volunteer contributions in the open source software movement. Now companies are finding additional ways to work with volunteer contributors.
Technology Review has published an interesting article about the increasing popularity of open-source hardware — and its use by companies ranging from Nokia to start-up Chumby.
A study of Nokia’s venturing program revealed eight important lessons that can help companies benefit from their investments in new ventures.
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Breaking free of linear chain thinking and viewing value creation from a multidimensional grid perspective provides the greatest opportunities for innovation.
For many companies, incremental growth is not sufficient. The changing business landscape is forcing corporate leaders to learn how to reposition their businesses more fundamentally.
Many companies adopt industry best practices to stay competitive. But high-performing companies do more: They also embrace unique “signature processes” that reflect their values.
Smartly placed, legitimizing constraints actually enable innovation by focusing it and giving it traction in the competition for corporate attention and resources.
Intellectual property now makes up a large proportion of many companies’ market value, and IP management can no longer be left to technology or legal departments alone.
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