Innovation the Tom Sawyer way

Innovation the Tom Sawyer way

Are your organization's innovative ideas originating from inside, outside, or a combination of both? Increasingly, businesses that have focused on internal creativity are turning to external ideas and technologies for more innovations. This trend enables smaller firms to experiment with new solutions and technologies faster and at lower cost. In this blog, the author suggests that firms can learn from Tom Sawyer's approach to outsourcing work through strategic planning and attracting interesting opportunities. By communicating a corporate strategy, creating networks and relationships to external firms, and monitoring progress of external agents closely, your company can capitalize on a constellation of ideas and technologies generated by third parties while accelerating the development of new technologies with little cost or risk.