What if the best solutions to your internal business problems can be found by looking externally?
In this episode, I have a conversation (using the Invisible Solutions® lenses) with my friend and colleague Jon Fredrickson. He is the Chief Innovation Officer for InnoCentive (a Wazoku company) and has 15 years of deep open innovation experience.
The conversation covered a wide range of topics including:
- According to a study conducted by Harvard, over 80% of solvers of InnoCentive challenges would not fit the hiring profile of the client
- One company replicated 15 years of R&D history with one problem with a 60 day challenge – and they got a better answer
- If you start looking externally, you can find a kernel of a solution which can be brought back to the organization and adapted
- Open innovation enables parallel processing of problem-solvingwhich can speed time to solution
There were so many stories, such as how a radiologist solved a problem on how to identify fractures and fissures in the bottom of the Gulf of Mexico to find natural gas or oil deposits.
I think you’ll really find this conversation fascinating.