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Open Venture Challenge - Corporate Open Innovation - Collaborative Innovation - Program... - 0 views

www.nesta.org.uk/open-ventures-challenge

nesta open business models OI-program

shared by raheel naqvi on 20 Jan 09 - Cached

  • Open Ventures Challenge

    The Open Ventures Challenge will harness the interests, skills and resources of crowds and use these to create viable new fundraising ventures for Cancer Research UK.

    These ventures could be a new chain of coffee shops that donates a percentage of profits; a record label that gives a fixed fee for every sale; or a web business that doesn't openly support Cancer Research UK, but is part-owned by them. The point is to create multimillion pound ventures to help fund Cancer Research UK’s life-saving work.

    How it works

    NESTA, Cancer Research UK and mo.jo are now calling for people with good business ideas - or the skills and energy to help make them happen. 

    In early 2009, people will start building teams around their favourite ideas and developing a business plan, with support from Cancer Research UK. 

    In spring 2009, the best groups will be selected for intensive coaching and mentoring to get their venture ready for an investment pitch.

    In summer 2009, the groups will present their ventures to Cancer Research UK's venture board. The successful teams will walk away with at least £10,000 in investment to pilot their idea.

    How to get involved

    If you've got an idea that you think could be transformed into a million pound venture, or fancy getting involved at the early stages of one, please visit http://ovc.mo.jo

    Partners:

     Cancer Research UK logo

    Cancer Research UK

    Cancer Research UK is the world’s leading charity dedicated to cancer research and the largest funder of cancer research in Europe.

     mo.jo logo

    mo.jo

    mo.jo is focused on developing open models in venture creation, which enable anyone to actively participate in innovation creation, project development and resource

raheel naqvi

innovation playground Idris Mootee - 0 views

mootee.typepad.com

authenticity mootee strategy innovation research purpose web2.0 design blog trends

shared by raheel naqvi on 06 Oct 09 - Cached
  • Strategic planning is often used to describe operational planning, real strategic planning is about planning for the future.
  • Here’s advise from Steve Jobs in managing in a downturn. "We've had one of these before, when the dot-com bubble burst. What I told our company was that we were just going to invest our way through the downturn, that we weren't going to lay off people, that we'd taken a tremendous amount of effort to get them into Apple in the first place -- the last thing we were going to do is lay them off. And we were going to keep funding. In fact we were going to up our R&D budget so that we would be ahead of our competitors when the downturn was over. And that's exactly what we did. And it worked. And that's exactly what we'll do this time."
  • Some believe senior executives or the board should set the direction of the company and control all strategic directions and resource allocation. In fact, the better approach is to set the overall directions and then create favorable conditions and flexible architectures to support learning and innovation for middle management.
  • ...13 more annotations...
  • Balanced Scorecard/Strategy Map methodology from Kaplan and Norton knows the importance of Leading Indicators:
  • "finding new products and services that meet not only the functional needs of consumers for tasty food or clean clothes but also their wider aspirations as citizens."
  • I believe strategic innovation and strategic planning are two very different (not mutually exclusive) approaches that people mixed it up.
  • Strategic innovation is a process to discover new value through new ideas while strategic planning process plan base on what happened and what to respond.
  • Without something happen, planners cannot plan further. In most case, strategic planner assumes business as usual.
  • It is hard to find business as usual today.
  • Their job is not to read and interpret “weak signals”. That’s why innovation, strategy and operations and three different functions and require very different skill sets.
  • A first step is to formally integrate innovation into the executive planning agenda
  • Second, executives can make better use of external talent for innovation, people who bring proven tools and multi-disciplinary thinking. Bring them in as your innovation partner and have a formal innovation program that span across different business units and geographies.
  • Finally, identify leaders to help foster an innovation culture based on creativity and trust. In such a culture, people understand that their ideas are valued, trust that it is safe to express those ideas, and oversee risk collectively, together with their managers. Give them space to experiment.
  • Brainstorming is really about purposeful use of creativity and imagination.
  • Purpose is really the heart of any business strategy and should provide the guiding principle for corporate strategy (and brand).
    • raheel naqvi
      raheel naqvi on 06 Oct 09
       
      PURPOSE
  • The next big issue is “authenticity”?  Today this word carries extra meanings thanks to the Internet.  This is not something one can “buy” with big ad dollars. This is truly how brand differentiates and is strongly associated with trust, not just brands but also on a corporate level. Adv agencies (including interactive and direct mkt agencies) fundamentally operate differently and are not really good candidates for innovation and design explorations.
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