Global Concerns Addressed Through Open Innovation

Document Sample
Global Concerns Addressed Through Open Innovation Powered By Docstoc
					                         Global Concerns Addressed Through Open Innovation

The way to survive in an aggressive and competitive market scenario is through creative innovation.
Every company today is equipped with excellent professionals, marketing and R&D teams for carrying on
effective research, marketing and branding activities. However, the key to success depends on making
use of open innovation that helps generate creative ideas, that distinguishes the brand from others. This
process of idea management and idea generation is being adopted by all global brands either to come
up with new product development ideas or to resolve an impending concern.



Who could have imagined NASA, the global space research agency to resort to open innovation? NASA
in collaboration with Harvand Business School established the NASA Tournament Lab, which is an online
platform that offers the entire TopCoder community to compete against each other for providing
innovative solutions to the multiple challenges faced by NASA researchers. According to Jason Crusan,
Chief Technologist, NASA Human Exploration Operations this open innovation model helped in finding
“ways to fill gaps in our technical capabilities”.



One can say that this is one of the primary objectives of idea management technique and open
innovation. It helps in connecting the “idea dots” and ending creative blockages by encouraging
employees as well as others to contribute their views and opinions. Advanced crowdsourcing software
and techniques used by brands establish the fact that a revolutionary idea can be contributed by a
common man and can help resolve global concerns.



In the recent past, abrupt climatic changes and global warming has been a critical global concern. An
Extremity in both these conditions has the chance of resulting in chronic ailments. In order to tackle this
concern, the MIT Center for Collective Intelligence made use of crowdsourcing techniques and
encouraged everyone to share their views and potential solutions to the concern. MIT came up with a
Climate CoLab and utilized the collective intelligence that came in the form of innovative ideas and
creative proposals addressing both global warming and climatic change. Know more on innovation
products.



A decade back it was practically impossible to think that the common man could contribute his ideas on
serious global concerns. Today enterprises have realized the importance that people are one of the best
and primary sources of ideas for open innovation. Their thoughts and viewpoints, based on daily subtle
nuances that otherwise goes unnoted,can form the base of innovation and knowledge sharing.



Know more on: managing innovation & idea management system

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:9
posted:8/22/2012
language:English
pages:2
Description: The way to survive in an aggressive and competitive market scenario is through creative innovation. Every company today is equipped with excellent professionals, marketing and R&D teams for carrying on effective research, marketing and branding activities.