The Open Innovation Formula?
Today we have a guest blogger. In an earlier entry, I held a contest to see who could guess how many ideas were submitted as part of the LG Electronics competition. One of the respondents provided a detailed assumption analysis and complex equations. Although the assumptions proved inaccurate (read the actual answers), I felt that […]
LG Open Innovation Insights
In a previous blog entry, I discussed how LG Electronics used crowdsourcing and open innovation to help design the next generation phone. One of the individuals at LGE associated with the competition was kind enough to answer some questions I had. How many solutions were provided? 835 submissions from 324 individual creatives. What % of […]
Win A Prize! Guess the Open Innovation Numbers
In a previous blog entry, I talked about the LG Electronics open innovation design competition. LGE was kind enough to share some insights with me from that competition, and I will post some of them here on Monday. But before I do, I want to give you a chance to win some prizes (no, sadly […]
It’s Official!
Two weeks ago, I jumped the gun a bit when I announced my new role with InnoCentive. Now it is official. Amongst other things, the press release issued today says… With its new strategic consulting offering, InnoCentive will help organizations benchmark their open innovation readiness, develop custom innovation approaches and advise them on how best […]
How To Create a Culture of Innovation
I define innovation as an “organization’s ability to adapt and evolve repeatedly and rapidly to stay one step ahead of the competition.” A culture of innovation, when done right, gives you a competitive edge because it makes you more nimble with an increased ability to sense and respond to change. A culture of innovation has […]
The Magic of Innovation
In a previous blog entry, I discussed why watching “Pitchmen” (the Discovery TV show) can give you ideas on how to create more marketable solutions. [Sadly Billy Mays, the show’s co-star, passed away the other day] It is time to admit another guilty pleasure of mine. I also like to watch “Magic’s Biggest Secrets Finally […]
InnoCentive's Chief Innovation Evangelist
I am thrilled to announce that as of July 1st, I will become the “Chief Innovation Evangelist” for InnoCentive. If you are not aware, InnoCentive is an incredible company that is changing the world. They are leaders in the Open Innovation space. If you have a problem you want to solve, you can post the […]
Innovation Lessons from Around the House
Last night I was hungry and decided to make some tuna fish. I opened my refrigerator and found an 18 ounce squeeze bottle of mayonnaise. As I started to make my meal, I realized that the mayo had expired 6 months ago. I guess I don’t use it very often because the bottle was still […]
The First Open Innovation?
Today is “Flag Day” in the United States. Since 1960, we have had 50 stars arranged as they appear in the image left. The first flag back in 1777 had 13 stars – one for each of the original states. Since then, according to USA Today, the number of stars has changed 27 times. According […]
Listen to my CODcast
I was recently interviewed for a podcast by Jeff Brainard of “Catch Your Limit Consulting.” His company uses a fish metaphor, hence the “CODcast” name. Clever. In this interview, I discuss the challenges associated with innovation – and tips for success. Enjoy. (interview no longer on website)