Open Innovation and Crowdsourcing Best Practices

Open Innovation and Crowdsourcing Best Practices

Open innovation and crowdsourcing are innovative approaches to creating new products and ideas. However, improper use can lead to failure. It is crucial to understand when each approach is best utilized and choose the proper platforms to drive success. For example, it's important to evaluate whether to keep ideation in-house or open up an innovation challenge to the masses. Similarly, it's important to choose the right crowdsourcing platform and payment that work for your specific project. Finally, open innovation and crowdsourcing can also be used for improving existing projects.

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In near Future, you’ll wish you had started today!

In near Future, you’ll wish you had started today!

Innovation Cloud launched a challenge to see how closely we are to Back to the Future's predictions of the future. They found out that we have real-life versions of certain technologies but not all of them.

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Innovation and the Scientific Method

The scientific method is the oldest innovation framework in the world and has allowed mankind to accelerate innovation. It shares similarities with modern frameworks like Lean Startup and Design Thinking. Innovation requires a different management style and a learning process.

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4 Stages for Innovation Refinement

Innovation never stops evolving, and there are key inflection points for change during the development of a new idea. These include ideation and brainstorming, proposal building and refinement, evaluation and prototyping and testing.

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