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How open innovation ecosystems developed and nurtured by General Mills and partner companies helped the American Fortune 500 Corporation to develop and market two new products for its Convenience & Foodservice division.

High-technology firms have paved the way for user-driven innovations, but now even traditional industries are becoming increasingly open. This shift is a great challenge for companies with instituted practices, policies, and customer relationships. In this article, we identify four distinct steps in becoming an open innovation company based on our recent research into firms' experiences with living lab experiments in the information and communication technology (ICT) sector. - See more at: http://timreview.ca/article/489#sthash.XFu2gcan.dpuf

A new study at the European School of Management and Technology Berlin (ESMT) suggests that there are three main practices businesses should undertake to enjoy the benefits of open innovation.

Press Release: Embargoed until 2 February 3 Steps to Successful Open Innovation A new study at the European School of Management and Technology Berlin (ESMT) suggests that there are three main practices businesses should undertake to enjoy the benefits of open innovation.

The Business Recorder website reported that Pakistan Innovation Foundation (PIF) and Indus Motor Company (IMC) have announced the launch of National Innovation Grand Challenge (NICG) 2013-14,with objective to solve challenges of the country in areas including agriculture, energy, rural development, and manufacturing. A year-long `Open Innovation' competition, NIGC encourages Pakistani innovators, youth, students, professionals, entrepreneurs and citizens to innovate for solving country's problems. Article en entier : http://www.brecorder.com/pakistan/business-a-economy/146387-nigc-launched-with-toyota-manufacturing-innovation-prize.html

There is much talk these days about crowdsourcing and how companies can tap into the power and diversity of the crowd. I will share my views and perspectives on some good examples as well as bad ones in a series of blog posts.

"So how do we begin to break through the barriers that exist in healthcare to create an environment where truly disruptive innovation is possible? One option is to fling open the doors of the R&D department, figuratively speaking, and invite anyone - doctor, nurse, healthcare administrator, even patient and caregiver - to participate in product creation."

The lifeblood of any successful company stems from a sustained stream of commercially viable innovations, both incremental and breakthrough. As any seasoned executive will tell you, maintaining that steady stream is one of the most difficult management challenges he or she faces.

RESON8 is a smartsourcing innovation and collaboration platform where brands can post funded innovation projects to startup companies

Although we often shower accolades on organizations that grow their innovation advantage internally, firms that wrangle success in OI are viewed by peer organizations as leading players in their industries. Rather than indicating that internal strategies are failing, OI success now means that companies are wising up and becoming more agile.

dea contests are a popular form of open innovation that capture the imagination of brilliant minds and focus the attention on speeding up innovation outcomes.

Exclusive ITB Feature: Open innovation offers great opportunities for companies looking to streamline their product development and marketing because of its potential to empower and grant direct access from consumer to provider.

Chris Anderson, the best-selling author of "The Long Tail" and "Free" and a former editor in chief of Wired Magazine, said Korean companies should form a business environment with a more open attitude toward sharing ideas, sources and platforms, especially in the software industry.

Why does a company employing 92,000 people and spending $1.3bn on R&D need to go outside for more innovation? The reason is one of the classic foundations of Open Innovation.