McKinsey put together 3 videos where corporate CEOs shared how their companies were implementing open innovation practices and what they found exciting about open innovation. Scott Cook, Intuit’s CEO, made a comment that he thinks corporations need the lean method more than startups do. My ears piqued and thus I went on an online exploration of Cook’s thoughts on why corporations should act like lean startups. It turns out that he has been saying this for years, articles date back to 2011.Read More »
Two weeks ago we talked about an interesting research paper that discussed the trend of the decline of corporate research over the past 35+ years. The paper concludes with both a pessimistic outlook and a positive outlook. My first thought when I read it was, this is great, this means opportunity, collaboration, partnerships, innovation!
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I recently came across an interesting research paper that details the potential reasons that corporate R&D has seen a decline in activity and was left feeling very positive about how shifts in industry behavior have changed the opportunity for research in academia or elsewhere. Between 1980-2007, the number of patent declarations from industry has decreased but the total number of total patents declared has not declined. Furthermore the age of technology used in products is not getting older.Read More »
In the 1990’s open innovation was emerging as the only way to stay competitive. We saw product life cycles become shorter as companies began to invest in new technology and the shift was strong enough for HBR to conduct and publish the findings of an innovation study. This study discusses scenarios that would feel archaic to young innovators today, for example the innovation of fax machines and copiers – or lack thereof.Read More »
In theory, a collaboration or partnership will ultimately result in a successful business venture or commercialization of a product [i.e. this partnership has helped you avoid the dreaded valley of death]. To help you prepare for such an opportunity, below are some of our favorite questions and topics to cover in conversations with your potential industry partners.Read More »