Collaboration and Co-Creation

Pertains to the collaborative aspects of innovation, including working with external partners and customers.

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Virtual Work

Virtual work refers to any work that involves computer and diverse telecommunication solutions allowing for remote accessibility.

Value Co-Creation

Value Co-Creation occurs when companies and customers work together to find, create or enhance value a product or service

Trust Building

Process of building relationships with customers and employees that facilitates them to trust your business and its products/services.

Tools Collaboration

Aplication software designed to help people involved in a common task to achieve their goals more effectively and efficiently.

Teamwork

The combined action of a group of people, especially when effective and efficient.

Supplier

The person or entity that provides something to a company. Typically, a primary supplier provides a substantial portion of a company’s needs and has an ongoing relationship with that company.

Strategic Partnerships

Relationships between businesses formed to pursue common opportunities that neither company could achieve alone.

Shared Goals

Shared goals are goals or objectives that two or more parties have agreed to pursue together for mutual benefit.

Risk Taking

An innovation approach to address challenges by boldly pursuing radical new ideas and strategies to transform the status quo.

Pivot

A pivot is a fundamental change in a business model or a company’s direction under extreme or uncertain conditions.

Partnerships

The act of carrying on a commercial project with partners

Open Collaboration

A property of systems characterized by the rules that allow participants to contribute to its authoring.

Makers Movement

The makers movement is a cultural and technological movement driven by collections of like-minded individuals passionate about creating DIY solutions to shared problems.

Innovation Network

An "Innovation Network" is a web of entities collaborating to foster novel ideas and advance new products or services.

Incubators

Incubators nurture startups with resources and support to accelerate growth and success.

IBM

IBM is a multinational tech company known for IT services, hardware, and software innovation, including AI, cloud computing, and more.

Face-to-Face

Face-to-face refers to direct interaction between individuals in the same physical space.

External Stakeholders

External stakeholders are individuals or groups outside a company that are impacted by its activities and decision-making processes.

External Innovation

External Innovation: Leveraging ideas, practices, and solutions developed outside an organization to enhance its innovation pipeline.

Exchange

Exchange: A process where parties trade goods, services, or ideas, fostering innovation and value creation in business ecosystems.

Engagement

Engagement refers to the active participation and emotional investment of individuals in a particular context or activity.

Crowdsourced Innovation

Crowdsourced Innovation: Leveraging collective expertise from a large group to generate creative solutions and drive breakthroughs.

Co-Innovation

Co-Innovation: Collaborative creation of value by parties leveraging shared resources and knowledge to achieve mutual benefits.

Collaboration Tools

Collaboration tools are digital platforms that facilitate teamwork and co-creation among professionals across locations and devices.

Co-Design

Co-design is a collaborative innovation approach that engages stakeholders from the beginning of the design process to create an end product or service that meets their needs and expectations.

Collaborative Innovation

The process of developing new ideas through collaboration with external partners, such as customers, suppliers, and other stakeholders.

Open Source

A model of collaboration in which the source code of a software product is made available to the public, allowing anyone to use, modify, and distribute the software.

Remote Innovation

Remote innovation is a way of developing new products, services, and processes in a virtual setting without needing to be physically in the same location.

Internal Collaboration

Internal Collaboration is the process of engaging multiple people within a company to work together on a shared goal or project.

Crowdsourcing

Crowdsourcing is the practice of obtaining ideas, services, or content for a common goal by enlisting contributions from a large group of people, typically via an online platform.

Concurrent Working

Concurrent working is the practice of working on multiple projects, tasks or initiatives at the same time.

Co-Creation

Co-Creation is the collaborative process of creating something with stakeholders, customers, or other partners to develop innovative products, services and experiences.