Open Innovation

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06-Innovation-500

Designing prizes to spur new ideas

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Innovation prizes are “experiencing a resurgence,” writes Jaison G. Morgan in a recent article in the journal Innovations.

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Breakthroughs and the "Long Tail" of Innovation

To understand how breakthroughs in creativity occur, managers must understand how most collaborations work. “Managers first need to understand that invention is essentially a process of recombinant search,” writes Lee Fleming. “That is, I adopt the classic definition of invention as a new combination of components, ideas or processes.” Fleming adds that “Almost all inventions are useless; a few are of moderate value; and only a very, very few are breakthroughs. Those breakthroughs constitute the ‘long tail’ of innovation.”

016-Innovation-500

The Era of Open Innovation

Companies are increasingly rethinking the fundamental ways in which they generate ideas and bring them to market — harnessing external ideas while leveraging their in-house R&D outside their current operations.

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Showing 21-31 of 31