Category: Open Innovation & Crowdsourcing

An Innovation Market Can Find Your Next Winner

Image by Martin Winkler on Pixabay   You have some very promising ideas but limited resources.  How do you choose which of your great ideas should get the money and people needed to bring it to market?  Try using the wisdom of crowds.  Many companies do this with software products which allow people to comment or vote on ideas – and this is fine.  But if you do not have such an app or... Read More--

Participation leads to Innovation

  Spigit is a leading innovation management software company.  They recently published a research paper entitled ‘Quantifying a Culture of Innovation.’  Northwestern University’s Kellogg School of Management carried out a study of data from 154 corporate customers of Spigit over a five year period.  The findings are instructive.  They report a significant correlation between... Read More--

How can we measure success with Open Innovation?

Many organizations are adopting Open Innovation and Crowdsourcing as ways to generate new products or services. Opening up your innovation initiatives to outsiders is seen as more effective than relying solely on your internal R&D or marketing departments. However, because this approach is so new there is a dearth of guidance on how to measure the success of open innovation activities. This issue... Read More--