The First-Mover Advantage of Open Innovation

Companies that make a strategic choice to become the “first mover” on open innovation in their industry will find that implementing it is hard, but it will often result in a leadership position that is hard to copy. The same applies to suppliers who decide to become the preferred partner of choice within the given industry, according to Stefan Lindegaard.
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When Should Your Employees Be Innovators and Intrapreneurs?

When should you let your employees embrace entrepreneurial behaviors and initiative? You shouldn’t, counsels Stefan Lindegaard. A large majority needs to just focus on their job and keep the corporate engine running. However, every employee should be given the opportunity to work with innovation via idea generating campaigns and other initiatives.
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Stretching the Concept of Open Innovation

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Too often, when innovation practitioners think of open innovation, they tend to focus on products and services. While that’s a valuable perspective, it’s also limiting, warns Stefan Lindegaard. Why not be open to opportunities to collaborate with outside entities in other parts of our organization’s operations?
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