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 »
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 »
You met the CSO of this great little company at a trade show and you had a conversation about their technology and how you would like to learn more. The following week, you sent an email that extolled their great approach and how you’re really eager to learn more. And, you receive a polite brush-off. You try again and cc somebody senior in your company to show how serious you are. You don’t even get a reply. Whoa – this is worse than high school or even online dating, right? What are they scared of, you might even end up buying the company, why aren’t they all over this?
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