Other Recent Posts
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Booze & Company 2011 Global Innovation Index Report Released
Total R&D investment among the world's top spenders on innovation surged upward in 2010 from its recession-induced decline in 2009, according to the 2011 Global Innovation 1000, the seventh annual study of corporate innovation spending, released today by global management consulting firm Booz & Company. The study revealed that the 1,000 public companies that spent...
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Kleiner Perkins Internet Trends 2011 Report Released
Kleiner Perkins Caufield & Byers, the venture capitalist group, regularly releases reports identifying the companies that are best-placed to exploit changing technologies and consumer habits, as well as providing some very useful data on Internet usage. They have just released their 2011 report - well worth reading. The list...
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Open Innovation and Aneesh Chopra
Open Innovation is now almost mainstream - and indeed, you know it is when the Chief Technology Officer of the US refers to the positive outcomes it has brought NASA. http://www.youtube.com/watch?feature=player_detailpage&v=3oZVzLMumNg
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DHL Launches Open Innovation Contest
DHL, the world's leading international express shipping provider, today became the first in its industry to launch an "Open Innovation" competition focusing on "City Logistics" -- the process whereby private companies optimize logistics and transport activities in urban areas while considering the traffic environment, the traffic congestion and energy consumption within the framework of a market economy. The contest, introduced by...
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Innovation in Government – success outside the corporation
Innovation in government comes in two forms (at least): innovation that governments can spearhead for the constituents, and innovation that can happen within governments around process. McKinsey recently reported on innovation by two developing countries to show how a willingness to take bold risks can make government services better and cheaper. McKinsey’s public-sector practice, under the...
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Innovation – In the Core – or a Separate Business?
One of the challenges I continually hear from executives is: "How do I reconcile the conflict between wanting to fund innovation as a separate entity, and the drive for performance out of the core? Do I build innovation in the core, or build a separate "Innovation" unit? So it was with interest that I read the recent
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Open Innovation and The Pharma Industry
Interesting article in Genetic Engineering and Biotechnology News on Open Innovation. Seems that the the cost of developing a new drug has escalated to an all-time high of $1.3 billion, the Tufts Center for the Study of Drug Development said in January. So Pharma companies are looking at ways they can reduce costs and...
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Airlines and Crowdsourcing
According to IdeaConnection, Crowdsourcing with customers is not only smart PR, but it can also save a company large sums of money as it doesn’t have to engage employees in endless rounds of meetings to come up with ideas and initiatives; the crowd can do it for them and it can also select the best...
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The Passing of Steve Jobs
Hard to believe Steve Jobs has died. In a business such as The Strategy Group, focussed on Innovation, Steve stands out as a legend, a true leader in the space, and we will be so much poorer without him. http://www.youtube.com/watch?v=S4HEOVQ4RRs&feature=player_embedded
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Open Innovation by GE in China
General Electric, the conglomerate, is using open innovation as a way to source ideas capable of boosting sales and solving major energy problems in China, according to a report in Warc. GE has announced a competition in the world's most populous nation, promising $100m in resources to back third party firms and individuals providing solutions to changing energy needs. Its latest initiative...
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The Kindle Fire – Innovation? Or price discounting?
Will be very interesting to see the uptake of the newly announced Kindle Fire. Today, Amazon introduced an all-new Kindle family: three all-new Kindle e-readers that are smaller, lighter, and more affordable than ever before, and Kindle Fire - a new class of Kindle that brings the same ease-of-use and deep integration of content that helped Kindle re-invent reading - to movies, TV shows, music,...
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The Berkeley Innovation Forum
Just attended two excellent days in Berkeley at Henry Chesbrough's Berkeley Innovation Forum. This is a small group who get together twice a year to share leading edge thinking around innovation - especially Open Innovation. Some key take aways for me from the forum are: - the challenges across organisations driving innovation within their organisations are similar. Each organisation is struggling with...
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